Episode 55: Michigan Advocates Push for State Affordable Housing Tax Credit

From Spring Street Management Group, this is The Spring Street Brief — your daily briefing on affordable housing in America. Today we discuss Michigan's push for a state affordable housing tax credit.Governor Whitmer includes state housing tax credit in budget recommendationsMichigan is one of largest states without dedicated state housing creditNeighboring Ohio, Indiana, Illinois all offer state credits enhancing federal LIHTCProposed credit could enable 2,000-3,000 additional affordable units annuallyMichigan needs over 200,000 additional affordable rental units per NLIHCMSHDA indicates support and readiness to administer program if enactedDevelopers should engage with legislative advocacy and monitor state budget process.Subscribe to The Spring Street Brief for daily insights on LIHTC, Section 8, HUD policy, and affordable housing finance.Keywords: Michigan, MSHDA, Michigan State Housing Development Authority, state tax credit, LIHTC, 9% LIHTC, 4% LIHTC, Governor Whitmer, affordable housing, NLIHC, National Low Income Housing Coalition, gap financing, construction costs, Ohio, Indiana, Illinois, housing shortage, budget, legislative advocacy, rental housing, Spring Street Management Group]]>