LANSING, Mich. — Gov. Gretchen Whitmer, along with the Michigan State Housing Development Authority (MSHDA), has announced $13 million has been awarded to build 690 new affordable housing structures in Michigan.
"When families have a place to call home, it leads to upward mobility, a higher quality of life, and thriving communities,” says Governor Whitmer. “This program helps us lower costs for working families by providing housing stability and opportunity.”
We’re told 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
“These awards will help us get a jump on my ambitious MI New Economy plan goal of creating 75,000 new or rehabilitated housing units within the next five years,” Whitmer adds.