9.6 Million in Low Income Housing Tax Credits Will Create Jobs, Help Michigan Residents Find Affordable Housing

U.S. Newswire › December 07, 2011

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LANSING, Mich., Dec. 6, 2011 /PRNewswire-USNewswire/ -- The Michigan State Housing Development Authority (MSHDA) today announced that nearly 700 units of affordable rental housing will be built or renovated for low- to moderate-income Michigan families, the elderly, people with disabilities and those at risk of homelessness as a result of $9.6 million in federal Low Income Housing Tax Credits (LIHTC) approved by MSHDA. The tax credits also will help bolster the state's economy by creating approximately 1,600 jobs in construction and related trades.

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9.6 Million in Low Income Housing Tax Credits Will Create Jobs, Help Michigan Residents Find Affordable Housing

"These tax credits will leverage millions of dollars in investment necessary to develop thriving and vibrant communities around the state, creating jobs and providing affordable h...

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