Ann Arbor's development market is characterized by high land costs and strong demand for transit-oriented, energy-efficient, and mixed-income housing — exactly the project profile that stacks IRA clean energy credits, Michigan historic credits, and MSHDA affordable housing programs most effectively.
Ann Arbor's older building stock along Main Street, Kerrytown, and the Old West Side creates historic tax credit eligibility for adaptive reuse projects. The city's sustainability focus aligns directly with IRA Section 48E clean electricity credits and Section 45L energy-efficient home credits for multifamily — both of which layer onto MSHDA LIHTC for affordable developments. Former industrial parcels along the Huron River corridor present brownfield TIF opportunities. The USDA REAP program applies to projects near rural Washtenaw County boundaries.
A near-campus Ann Arbor multifamily development stacking MSHDA LIHTC with IRA Section 45L energy credits at $5,000 per unit generates $500K+ in federal credits on a 100-unit project with no program conflict.
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