12/16/21 - Money Available To Help With Low-Income Housing Needs

$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