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

Thursday, December 16, 2021 at 8:17 AM

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$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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