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

LANSING, MI – December 7, 2011 – (RealEstateRama) — 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.