Struggling to Close
LANSING, MICH.— Keith Molin thinks investors in low-income housing tax credits (LIHTCs) should take a good look at his state.
States Begin Planning for ARRA Changes
California and Michigan are among the states that have released proposed regulation changes to incorporate the new American Recovery and Reinvestment Act resources into their low-income housing tax credit (LIHTC) programs.
Tune into MSHDA
THE MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY (MSHDA) has launched a new cable show to reach residents across the state.
MIDLAND, MICH. -- Brookstone Capital, a Midland-based developer, has completed two affordable housing projects in Michigan.
New LED Partnerships
The Zumtobel Group has forged a partnership with Cree that will enable Zumtobel to use Cree's high-brightness LED chips in new general lighting products and projects across all its brands, and also to enter new market segments for LED lighting. Manufacturer ilumisys is partnering with the State of...
Disability Advocacy Groups Oppose MSHDA's Supportive Housing Set-Asides
A debate over how to use tax credits to create supportive housing is brewing in Michigan.
LANSING—The Michigan State Housing Development Authority (MSHDA) has overhauled its 2008 qualified allocation plan (QAP), proposing significant changes that include mandating green and sustainable design features, introducing new holdback criteria, and changing the way income levels are calculated.
New York City—This September, as the housing credit crisis on Wall Street stretched into its third month, Moody’s Investors Service issued a report trumpeting the “great demand” for housing targeted to workers such as teachers, policemen, and nurses.
A Healthy Glow
SmithGroup's YMCA design energizes downtown Detroit.
The Supportive Housing Boom
BROOKLYN, N.Y.—A developer here is doing something smart: Adding supportive-housing units to an affordable housing property. Thanks to state incentives, this move is helping to offset development costs.