Michigan State Housing Development Authority | MSHDA Below Market Rate Bond Program

Making an investment into the capital stack of a tax-exempt bond, Low-Income Housing Tax Credit financed multifamily development can be a daunting task, even for the “experts.” The Michigan State Housing Development Authority’s new Below Market Rate Bond program eliminates the complicated development underwriting and risk of failure, while bringing social-impact investors to the table. The replicable results: Increased new construction and more affordable housing for individuals and families.