Displaying items tagged: Michigan State Housing Development Authority

GRAND RAPIDS — State and local housing leaders are beginning to collaborate on ways to accomplish goals established in Gov. Gretchen Whitmer’s Statewide Housing Plan.

Housing projects in Grand Rapids, Kalamazoo, Traverse City, Spring Lake and Three Rivers received nearly $6.1 million in the latest round of Low Income Housing Tax Credits administered by the state. 

Housing projects in Grand Rapids and Kalamazoo have received loans through the Michigan State Housing Development Authority totaling $54.8 million.

Here is a snapshot of company activity from our February 14, 2022 print edition.

A Q&A with Joe Borgstrom, principal at Place + Main Advisors LLC

West Michigan housing groups are still experiencing a steady flow of people who have been affected financially by the pandemic and are seeking rental relief through the state’s COVID Emergency Rental Assistance (CERA) program.

GRAND RAPIDS — Construction recently started on a $12 million, 50-unit apartment complex that’s been in the works since 2017 in the city’s Belknap Lookout neighborhood. 

Housing nonprofits are scrambling to distribute unprecedented amounts of federal funding to renters at risk of becoming homeless as a scaled-back national eviction moratorium is temporarily extended.

Proposed changes to the Low Income Housing Tax Credit program administered by the Michigan State Housing Development Authority seek to increase access to the funding tool to communities beyond downtowns and city centers.

West Michigan housing experts say a program recently rolled out by the Michigan State Housing Development Authority will help stabilize renters and landlords who have been struggling financially throughout the COVID-19 pandemic.

HOLLAND — Good Samaritan Ministries has been awarded $300,000 from the Michigan State Housing Development Authority to help 200 more Ottawa County households avoid eviction.

Here is the MiBiz Growth Report for October 11, 2020.

Two West Michigan affordable housing projects have secured $1.9 million in a recent funding round from the Michigan State Housing Development Authority.

GRAND RAPIDS — Local developers are working to increase access to affordable housing for seniors who want to remain in their neighborhoods. 

Four proposed affordable housing projects in West Michigan have been awarded federal tax credits.

Here is the growth report for December 7, 2019.

GRAND RAPIDS — An Inner City Christian Federation-led project to renovate a former Grand Rapids neighborhood school into affordable housing has received a funding boost from the state.

GRAND RAPIDS — Legal Aid of Western Michigan is asking a state agency to investigate alleged fair housing violations that negatively affect minorities and people with disabilities at properties owned by Midland-based Live Downtown Grand Rapids LLC. 

The Michigan State Housing Development Authority announced this week that two West Michigan projects secured funding via the Low Income Housing Tax Credits (LIHTC) program.

GRAND RAPIDS — Developers relied on low-income tax credits to add nearly 2,000 units of affordable housing in the city over the last five years. While the credits provide key gap financing to affordable housing developers, officials who administer the funding say the program is consistently “oversubscribed,” leading to delays for new projects.

GRAND RAPIDS — Nine proposed affordable housing projects in West Michigan have been awarded tax credits.

GRAND RAPIDS — A proposed housing development is seeking approvals from the city and state before moving forward in the Belknap Lookout neighborhood.

KALAMAZOO — The federally-mandated deinstitutionalization of developmentally disabled individuals in the 1970s led to the creation of group homes throughout the United States and launched nonprofits such as Residential Opportunities Inc. to manage them.

Tower cranes constructing offices, hotels and apartments dot the skyline in and around downtown Grand Rapids.

GRAND RAPIDS — A West Michigan real estate firm has moved to settle a federal civil lawsuit alleging it engaged in racketeering and other fraudulent activities by charging higher rents at properties once intended for affordable housing.

HOLLAND — Faced with a shortage of housing for people at various income levels, community leaders in Michigan’s fastest-growing county are exploring new ways to develop residential units.

Municipalities and Land Bank Authorities across the state — including several in West Michigan — have received more than $3.6 million from the Michigan State Housing Development Authority (MSHDA) to combat blight.

Michigan’s House and Senate may be in recess for most of the summer, but legislative issues continue to percolate. Advocates continue their work to move forward a range of legislation, including bills that would bring back tax credits for the redevelopment of historic buildings and another that would curb a controversial tax loophole. MiBiz checked in on the status of the two packages.

GRAND RAPIDS — Two large downtown sites along Division Avenue will likely remain vacant, at least for the foreseeable future.

Two projects in Grand Rapids, as well as housing developments in Lansing, Charlotte and Hartford, have been awarded competitive affordable housing tax credits.