$13M will become available to help develop 690 new affordable housing units in Michigan.
Gov. Gretchen Whitmer, along with the Michigan State Housing Development Authority (MSHDA), announced $13 million has been awarded to build 690 new affordable housing structures in Michigan.
Developers who receive part of the $13 million in Low-Income Housing Tax Credits (LIHTC) are eligible to claim credits on their taxes each year for up to a full decade.
The state has released the following development projects as recipients of the LIHTC awards:
- Lexington School Apartments (Grand Rapids): $874,283
- MoTown Square Affordable Assisted Living (Grand Rapids): $1,337,120
- GTB LIHTC #1 (Garfield Township): $638,539
- Walter French (Lansing): $1.5 million
- Orchard Manor Apartments (Flint): $779,625
- 700 E. Court Street Village (Flint): $1.5 million
- The Blackstone (Jackson): $1,192,000
- Lake Huron Woods Phase 2 Apartments (Fort Gratiot Township): $1,181,252
- Center City Lofts (Midland): $1,138,000
- Lee Plaza (Detroit): $1.5 million
- West Belding (Belding): $444,584
- Bramblewood Apartments (Lenox Township): $298,676
- Perry Aces (Lenox Township): $250,118
- Remus Apartments (Remus): $397,892
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