GRANTRADAR/Grant Programs/Low Income Housing Tax Credit (LIHTC) Program
Michigan StateTax CreditStackable

Low Income Housing Tax Credit (LIHTC) Program

Administered by Michigan State Housing Development Authority (MSHDA) · Michigan

BENEFIT
Negotiated / contact agency
Deadline type: annual

Eligibility Requirements

  • 1Application must include detailed financial information and various supporting documentation submitted to MSHDA for review and evaluation
  • 2A minimum of 40 percent of the units are available for households at or below 60 percent of area median income or 20 percent of units at 50 percent of area median income
  • 3All projects will be required to leverage a reasonable amount of financing sources, in addition to the LIHTC being requested, based on what each project can support
  • 4Projects must be evaluated and allocated credit through three stages: reservation, commitment, and allocation of credit

Eligible Project Types

ResidentialMultifamilyAffordable HousingHistoric Rehabilitation
STACKING POTENTIAL

Low Income Housing Tax Credit (LIHTC) Program is stackable — it can be combined with other federal, state, and local programs on the same project. Michigan and Ohio projects commonly stack this program with Federal Historic Tax Credit, New Markets Tax Credit, and Opportunity Zone deferral to maximize total incentive value. Use GrantRadar to see your full stack.

AFTER YOU WIN
View the Low Income Housing Tax Credit (LIHTC) Program compliance checklist →

Reporting deadlines, vendor rules, and the disallowed-cost pitfalls that trigger clawbacks.