M E M O R A N D U M
April 7, 2023
TO: All interested parties of the Low-Income Housing Tax Credit Program
FROM: Elizabeth Rademacher
LIHTC Allocations Manager
SUBJECT: April 3, 2023 Funding Round Activity and Fee Refund Opportunity
Overview of April 2023 Funding Round: Enclosed is a list of projects that applied for Low-
Income Housing Tax Credit (LIHTC) in the April 3, 2023 funding round. Information provided
includes the name and address of the project; project sponsor and contact person; the amount
of credit requested; total project self-score (inclusive of PSH points); primarily self-indicated
categories and set-asides; total number of units in the project; and number of tax credit units.
Applicants are strongly encouraged to review the attached information and determine the
likelihood of their project being in a position to receive an award of LIHTC. When making this
determination, applicants should consider, at a minimum: their application’s self-score relative to
the self-score of other applications; project categories; and the amount of credit requested by all
applications compared to the amount of credit that is available for the April 3, 2023 funding
round. Please note that this list reflects self-scores and primarily self-indicated categories and
set-asides of applicants which have not been evaluated by the Michigan State Housing
Development Authority (MSHDA).
Availability of Credit: MSHDA expects approximately $13 million in credit being available for
applications that were submitted as part of the April 3, 2023 Funding Round. The approximate
amount of credit available for each of the funding categories comprising the $13 million
available is as follows:
PSH Category
$ 3,422,929
Open Category – Urban
$ 3,886,612
Open Category – Balance of State
$ 2,061,308
Strategic Investment Category
$ 105,962
Undesignated Category
$ 3,530,979
Total Credit Available
$ 13,007,790
Additionally, as outlined in the 2022-2023 QAP, allocations made from the Categories in the
October 2022 funding round also counted towards the fulfillment of a Statutory Set-Aside. If
these Set-Asides are not otherwise fulfilled from the allocations made from the Preservation
Category, PSH Category, Open Category, and Strategic Investment Category (if applicable)
mentioned above, the Set-Asides will be given priority for any allocations made from the
Undesignated Category until the minimum amount required is satisfied. Below is a breakdown of
the minimum amount of credit that will be needed to fulfill the Set-Asides:
Distressed
$ 4,686,008
Opportunity to Withdraw from April 3, 2023 Funding Round Application Without Penalty:
If, upon reviewing the attached, an applicant determines there is not a strong probability of their
project receiving an award of credit, applicants may request to have their application withdrawn
from the funding round and returned to them. Applicants who make this request by 5:00 pm
Eastern time on April 14, 2023 may also receive a refund of the LIHTC application fee that was
submitted with their application. After this date, all remaining applications will be processed,
unless otherwise withdrawn by the applicant, and fees will not be returned. Additionally,
applicants should note that, if MSHDA in its sole discretion determines that, beyond a certain
point, further review of projects scoring too low to be in a position to receive an award of credit
would not result in the best use of staff resources, MSHDA may stop the review process before
moving on to these low scoring projects.
MSHDA is making this opportunity available to applicants not only in an effort to expedite the
funding round process, but also in an effort to relieve some of the financial burden applicants
encounter in the application process. Therefore, MSHDA is taking this opportunity to allow
applicants to avoid incurring unnecessary fees on applications that are unlikely to receive an
award of credit. Applicants are strongly encouraged to take advantage of this opportunity, as it
is in the best interest of the parties involved, and the state of Michigan, to be able to expedite
any funding processes where possible in an effort to put available funding to work in a timely
manner.
Applicants choosing to take advantage of the opportunity discussed above should notify
MSHDA of their intent to withdraw their application and receive a refund of the appropriate fees
by emailing a copy of the attached Request for Withdrawal of Application form to Carol
Thompson at thompsonc7@michigan.gov. Applicants will also be required to submit the original
copy of this form at the time they come to pick up their application and fee refund. In addition, if
you have any questions regarding the above or about any of the projects listed, please contact
LIHTC staff at (517) 335-9802.
Enclosure
REQUEST FOR WITHDRAWAL OF APPLICATION
Pursuant to the memo dated April 7, 2023 from Elizabeth Rademacher, I hereby request the
withdrawal of the Low Income Housing Tax Credit application for
_________________________________ from the April 3, 2023 Funding Round. I am withdrawing
this application with the understanding that no processing, scoring, underwriting, or review of the
documents contained in the application has commenced. Further, once withdrawn, the complete
application will be returned along with any funds associated with the Tax Credit Application fee.
I acknowledge that the supplemental project information provided with the April 3, 2023 memo is
preliminary information at this time and may be subject to revision as further project review is
conducted.
Name (Print) Organization
Signature Date
Open - Urban
Open - Balance
of State
PSH Undesignated Strategic Inv. Nonprofit Rural Elderly Distressed Tribal
Location County Contact GP/Developer
$ 3,886,612 $ 2,061,308 $ 3,422,929 $ 3,530,979 $ 105,962
-$ -$ -$ 4,686,008$
$ -
APRIL 1, 2023 ROUND
Black Rock Crossing Marquette Marquette
David Cooper, Jr
The Woda Group, Inc & Keweenaw Bay
Indian Community
99 50 50 0 1,453,400$
x
xx
Riverview Flats
Owosso Shiawassee Brad Michaud
Venture, Inc & Capital Area Community
Services & Cove Investments, LLC
99 53 53 0 $1,490,000
x
xx x
First Hope at Tenth Apartments
Holland Ottawa Jeremy DeRoo
Dwelling Place of Grand Rapids Nonprofit
Housing Corporation & Little River Holdings
LLC
97 46 46 0 $1,460,276
x
xx xx
The Flats at Carriage Commons Phase II
Garfield Twp Grand Traverse Darren Smith
SHAG Flats Phase II Developer, LLC &
Traverse City Housing Commission
95 53 53 0 $1,500,000
x x
x
Lincoln Park Residences II
Midland Midland Chad DeShano DeShano Development Corporation
92 52 52 0 $1,020,000
x
xx
Washington Park
Owosso Shiawassee
Brad Michaud
Venture, Inc & Capital Area Community
Services & Bailey Park Homes L3C
62 16 16 0 $656,608
x
xx x
600 King Village
Muskegon Heights Muskegon Donald Alexis Main Street Loan Fund
97 48 48 0 $1,500,000
x
x
Riverview 220
Lansing Ingham Douglas Fleming
Lansing Housing Commission & CCA
Developer Two, LLC
105 63 56 0 $1,497,000
x
x
Park Meadows Village Phase I
Detroit Wayne Eric A Gold
RAD Conversion Specialists, LLC &
Resurrection Community Dev Corp
102 70 70 0 $1,500,000
x
xx
Trumbull
Detroit Wayne Gerald A Krueger
A
merican Community Developers, Inc
102 49 41 0 $1,500,000
x x
x
John Grace Arms Southfield
Oakland Timothy Thorland
Southwest Housing Solutions Corp. &
Southfield Nonprofit Neighborhood Corp.
101 60 60 0 $1,304,500
x
xxx
North Corktown Apartments Detroit
Wayne T. Van Fo
x
MHT Housing, Inc & Renovate Detroit LLC
101 49 49 0 $1,189,900
x
xx
Leonard Apartments
Grand Rapids Kent John Wynbeek
Genesis Nonprofit Housing Corporation &
Dwelling Place of Grand Rapids & Little River
Development, LLC
101 55 55 0 $1,405,000
x
xxx
The Preserve on Ash II
Detroit Wayne Jeffrey Beam The Community Builders, Inc
101 31 31 0 $1,500,000
x x
xx
Russell Woods Senior Living Community
Detroit Wayne Fabiola Fleuranvil
Icon Heritage Partners LLC/ Progress
Investments Group, LLC & LC Consultants II
LLC
100 35 35 0 $1,066,791
x
xx
900 Tuscola Street Midtown West
Detroit Wayne Peter Procida Procida Development Group, LLC
100 33 33 0 $1,300,000
x
St Aubin Flats
Detroit Wayne Brian McGeady
Pivotal Development LLC & Eastern Market
Development Corp
97 54 54 0 $1,500,000
x x
x
El Shabazz Senior Apartments
Lansing Ingham Greg Baron
Commonwealth Development Corporation of
America & Equity First Community
Development LLC
97 51 51 0 $1,435,000
x x
xx
Blue Light 9
Battle Creek Calhoun Matt Hollander Republic Development, LLC
93 48 48 0 $1,500,000
x x
x
121 Catherine
Ann Arbor Washtenaw Wendy Carty-Saxon
A
valon Nonprofit Development Corporation &
Ann Arbor Housing Dev Corp
148 63 63 32 $1,500,000
x
xx
Cabot Apartments
Detroit Wayne Nathaniel Trice
Trice Development Company LLC & Cove
Investments
146 84 84 30 $1,295,861
x
x
Annika Place II
Traverse City Grand Traverse David Cooper, Jr Woda Cooper Development, Inc.
139 52 52 19 $1,500,000
x
xx
206 North Washington
Ypsilanti Washtenaw Wendy Carty-Saxon Avalon Nonprofit Housing Corporation
126 22 22 8 $940,164
x
xx
Carlisle Townhomes
Pontiac Oakland Michelle Brinkman
Community Housing Network, Inc & Venture,
Inc
121 42 42 21 $1,500,000
x
xx
Self
Score
PROJECT INFORMATION
PROJECT
LIHTC
Requested
Total
Units
LIHTC
Units
PSH
Units
Set-Asides
Categories