MSHDA Letterhead Lansing
MEMORANDUM
April 5, 2019
TO:
All interested parties of the Low Income Housing Tax Credit Program
FROM:
Chad Benson
LIHTC Allocations Manager
SUBJECT:
April 1, 2019 Funding Round Activity and Fee Refund Opportunity
Overview of April 2019 Funding Round: Enclosed is a list of projects that applied for
Low Income Housing Tax Credit (LIHTC) in the April 1, 2019 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; project set-asides; and
the amount of credit requested by all applications compared to the amount of credit that
is available for the April 1, 2019 funding round. Please note that this list reflects selfscores 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 $13.75 million in credit being
available for applications that were submitted as part of the April 1, 2019 Funding Round.
The approximate amount of credit available for each of the funding categories comprising
the $13.75 million available is as follows:
Preservation Category
PSH Category
Open Category
Strategic Investment Category
Undesignated Credit
Total Credit Available
$
$
$
$
$
$
3,459,566
3,283,585
2,774,795
0
4,228,866
13,746,812
Additionally, as outlined in the 2019-2020 QAP, allocations made from the Categories in
the October 2018 funding round also counted towards the fulfillment of a Statutory SetAside. 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. The Non-Profit Set-Aside and Elderly Set-Aside have already been fulfilled.
Below is a breakdown of the minimum amount of credit that will be needed to fulfill the
Rural and Distressed Set-Asides:
Rural
Distressed
$
$
1,827,963
233,104
Opportunity to Withdraw from April 1, 2019 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 on April 12, 2019 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@. 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) 373-6007.
Enclosure
REQUEST FOR WITHDRAWAL OF APPLICATION
Pursuant to the memo dated April 5, 2019 from Chad Benson, I hereby request the
withdrawal
of
the
Low
Income
Housing
Tax
Credit
application
for
_________________________________ from the April 1, 2019 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 5, 2019
memo is preliminary information at this time and may be subject to revision as further project
review is conducted.
Name (Print)
Organization
Signature
Date
Categories
PROJECT INFORMATION
Eastpointe
Macomb
Benjamin O. Davis Veterans Village
Adams Park Apartments
Walnut Street/Ferris Manor
Detroit
Grand Rapids
Lansing
Wayne
Kent
Ingham
Raymond McLemore
Carlos A. Sanchez
Rawley Van Fossen
Grand Monroe
7850 E. Jefferson - Phase I
Grand Rapids
Detroit
Kent
Wayne
Chris Potterpin
Amin Irving
GP/Developer
Grand Rapids Housing Commission
Community Housing Network, Inc. & Cove
Investments, LLC
Davis Veterans Village GP, LLC &
Communities of Hope, Inc & Central City
Integrated Health
Grand Rapids Housing Commission
Capital Area Housing Partnership
Third Coast Development, LLC & PK
Development Group, LLC
Ginosko Development Company
7850 E. Jefferson - Phase II
7850 E. Jefferson - Phase III
Brush
Beaubien
Detroit
Detroit
Detroit
Detroit
Wayne
Wayne
Wayne
Wayne
Amin Irving
Amin Irving
Gerald A. Krueger
Gerald A. Krueger
Ten21 Apartments
Muskegon
Muskegon
David Weiss
Broderick Manor
Harrison Circle
Detroit
Kalamazoo
Wayne
Kalamazoo
Jill Ferrari
Philip Seybert
PROJECT
Antoine Court
Erin Park
Location
Grand Rapids
County
Kent
Contact
Carlos A. Sanchez
Kirsten Elliott
Detroit
Wayne
Nathaniel Trice
Jackson
Pontiac
Jackson
Oakland
Kristi Morgan
David Cooper, Jr.
Milwaukee Junction Apartments
Eastern Lofts
Detroit
Grand Rapids
Wayne
Kent
T. Van Fox
Brian McGeady
Belknap Place
Grand Rapids
Kent
Chris Potterpin
Detroit
Wayne
Flint
Genesee
Manistee
Kalamazoo
Lansing
Detroit
Detroit
Detroit
Traverse City
Manistee
Kalamazoo
Ingham
Wayne
Wayne
Wayne
Grand Traverse
Holland
Ottawa
Cabot Apartments
The Edge Flats on Michigan
Winston Commons
Hubbard Vernor
Georgia Manor Apartments
Hillcrest Apartments
Ebbitt's Crossing
Willow Vista Apartments
Orchestra Place Apartments
Cathedral Tower Apartments
Lakewood Square
Ruth Park
Samaritas Affordable Living Holland
Allen Place
Depot Commons
Lansing
Traverse City
Robert Dewaelsche
Glenn A. Wilson
Jason Muniz
David Cooper, Jr.
Amin Irving
Laurence S. Tisdale
Ben Kurzius
Shannon Morgan
David Cooper, Jr.
Sam Beals
Joan Nelson
Ingham
Grand Traverse David Cooper, Jr.
Timothy Thorland and
Janay Mallett
Macomb
Matthew D. Rule
Macomb
Philip Seybert
Wexford
Patriot Place
Clinton Place
Cadillac Castle
Warren
Mount Clemens
Cadillac
Malcolm Lofts
Sault Ste. Marie
Chippewa
Kirsten Elliott
Pontiac
Oakland
Robert Beale
Tom Ralston
Casa del Rey Apartments
Madison Lofts
Grand Rapids
Kent
Attwood Gardens Apartments
The Depot
Wayne
Ludington
Wayne
Mason
Joe Hall
Jeffrey L. Kittle
House of Ludington Senior Apartments
Escanaba
Delta
Tracey Katzen
JPS Petoskey
Petoskey
Emmet
Stephen K. Werth
Wilson Center Residences
Midtown Square Apartments
St. Johns
Detroit
Clinton
Wayne
Tracey Katzen
Saki Middleton
Gaylord
Gladwin
Bronson &
Coldwater
Madison Heights
Pontiac
Marlette
Grand Rapids
Otsego
Gladwin
Kristi Morgan
Heather Arnold
Branch
Oakland
Oakland
Sanilac
Kent
Christopher Austin
Matthew D. Rule
Kirsten Elliott
Heather Arnold
Carlos A. Sanchez
Remus Apartments
Remus
Mecosta
Thomas P. Penland
Brentwood Apartments
Belding
Ionia
Virgie Ammerman
Greenbriar Apartments
Forest Grove I
Pinehurst Apartments
Greenville
Ferndale
Farwell
Montcalm
Oakland
Clare
Virgie Ammerman
Brad Michaud
John Murphy
Alpine Village Townhomes
Village North II
Bronson Senior & Meadow View Senior Apartments
Madison Manor
Unity Park Rentals V
Meadow Ridge Apartments
Hope Community
Self
Score
178
PSH
Self
Score
55
Total
Units
50
LIHTC
Requested
$ 1,387,558
Preservation
$
3,459,566
Open
$ 2,774,795
PSH
$ 3,283,585
X
Undesignated
$
4,228,866
Set-Asides
Strategic Inv.
$
-
$
Nonprofit
X
-
Rural
$ 1,827,963
$
Elderly
-
Distressed
$
233,104
X
177
56
52
$
1,368,360
X
163
161
160
64
55
54
50
188
32
$
$
$
1,178,969
1,079,037
272,000
X
X
X
141
135
0
0
83
51
$
$
1,500,000
889,365
X
X
X
X
Ginosko Development Company
Ginosko Development Company
American Community Developers, Inc.
American Community Developers, Inc.
135
135
135
135
0
0
0
0
51
51
58
60
$
$
$
$
889,365
889,365
1,500,000
1,500,000
X
X
X
X
X
X
X
X
General Capital Development, LLC
SER Metro-Detroit Jobs for Progress, Inc &
Renovare Development
NOMI II, LLC & Nickle Spitters, LLC
Trice Development Company, LLC &
Communities of Hope, Inc
Commonwealth Development Corporation of
America
Woda Cooper Development, Inc.
MHT Housing, Inc. & Detroit Catholic Pastoral
Alliance
LINC UP & MVAH Development, LLC
Third Coast Development, LLC & PK
Development Group, LLC
SW Detroit Business Association, Inc &
Cinnaire Solutions
Communities First, Inc. & Communities of
Hope
Republic Development LLC & Little River
Development LLC
Woda Cooper Development, Inc.
Ginosko Development Company
Larc Properties, Inc
MRK Partners, Inc
Renovare Development
Woda Cooper Development, Inc.
Samaritas & General Capital Development,
LLC
Allen Neighborhood Center & Cinnaire
Solutions
Woda Cooper Development, Inc.
133
0
73
$
1,500,000
X
133
132
0
0
50
80
$
$
961,634
1,118,500
X
X
132
0
65
$
786,252
X
X
130
130
0
0
53
54
$
$
1,426,854
1,149,000
X
X
X
X
130
130
0
0
25
70
$
$
570,203
1,431,900
X
X
129
0
50
$
710,808
X
129
0
53
$
790,000
X
X
128
0
26
$
425,591
X
X
128
128
128
128
127
127
127
0
0
0
0
0
0
0
50
49
19
82
236
33
50
$
$
$
$
$
$
$
1,091,745
1,151,949
136,721
964,531
1,500,000
866,957
1,109,000
X
X
126
0
48
$
126
125
0
0
38
39
Southwest Housing Solutions
National Church Residences
PS Equities, Inc & Paragrom, LLC
Community Housing Network, Inc & CCCF
Developer, LLC & The Sault Ste. Marie Tribe
of Chippewa Indians
Communities of Hope, Inc & Morgan
Development
125
123
122
0
0
0
122
122
Nick Lovelace, Tom Ralston, & Brad Guizinga
The Senior Alliance & Wallick-Hendy
Development Company, LLC
Herman & Kittle Properties, Inc.
Home Renewal Systems, LLC & Cove
Investments, LLC
Darwin Group, LLC & Barrington Homes, Inc.
Home Renewal Systems, LLC & Cove
Investments, LLC
Develop Detroit, Inc & John Stanley, Inc
Commonwealth Development Corporation of
America
DeShano Development Corporation
Renovo Development Group, LLC & Cove
Investments, LLC
National Church Residences
Community Housing Network, Inc.
DeShano Development Corporation
Grand Rapids Housing Commission
MDV Properties GP, LLC; D&D Consultants,
LLC; TPenland, LLC; James 127, LLC; Cree
Construction Co. 1, LLC
Hope Network Housing Development
Corporation & Cove Investments, LLC
Hope Network Housing Development
Corporation & Cove Investments, LLC
Venture, Inc
Farwell Investments, LLC
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
965,000
X
X
$
$
587,000
900,097
X
X
X
30
283
37
$
$
$
1,049,191
1,500,000
741,000
0
37
$
1,232,665
X
X
0
51
$
909,350
X
121
0
22
$
516,000
X
121
119
0
0
70
52
$
$
1,269,000
1,070,000
X
X
118
0
38
$
1,288,667
X
118
0
136
$
1,111,406
116
116
0
0
38
73
$
$
1,020,000
1,198,875
116
114
0
0
55
49
$
$
1,423,932
588,163
113
112
111
110
109
0
0
0
0
0
40
81
12
24
24
$
$
$
$
$
256,377
504,462
349,995
151,335
263,154
X
X
108
0
48
$
328,199
X
108
0
50
$
480,950
X
X
X
105
105
98
0
0
0
40
10
24
$
$
$
392,950
353,219
175,889
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
April 5, 2019
LOW INCOME HOUSING TAX CREDIT PROJECT STATUS REPORT
Page
APRIL 1, 2019 FUNDING ROUND APPLICANTS
Project #:
Project Name:
Project Address:
J19033
Owner Contact:
Christopher Austin
Bronson Senior & Meadow View Senior Apartments
Renovo LDHA LP
435 Wayne Street & 60 Farm Lane
3835 Glade Way
989.400.3145
Lansing, MI 48906
Bronson/Coldwater, MI 49028 / 49036
County:
Target Units:
Branch
Elderly
Project #:
J19021
Project Name:
Project Address:
Amt Requested:
$256,377
# Bldgs:
# Total Units:
# LIHTC Units:
Owner Contact:
Kirsten Elliott
2
40
40
248.269.1302
Malcolm Lofts
CHN Malcolm LDHA LP
460 W. Spruce Street
570 Kirts Blvd, Suite 231
Troy, MI 48084
Sault Ste. Marie, MI 49783
County:
Target Units:
Project #:
Project Name:
Project Address:
Amt Requested:
$1,232,665
# Bldgs:
Chippewa
Family
J19022
# Total Units:
# LIHTC Units:
Owner Contact:
John Murphy
2
37
37
616.942.1792
Pinehurst Apartments
Farwell Pinehurst LDHA LP
315 Pine Tree
4930 Cascade Road SE Suite C
Grand Rapids, MI 49546
Farwell, MI 48622
County:
Target Units:
Clare
Elderly
Project #:
J19003
Project Name:
Project Address:
Amt Requested:
$175,889
# Bldgs:
# Total Units:
# LIHTC Units:
Owner Contact:
1
24
24
Tracey Katzen 248.615.1313
Wilson Center Residences
101 Cass LDHA LP
101 W. Cass Street
23370 Commerce Drive
Farmington Hills, MI 48335
St. Johns, MI 48879
County:
Target Units:
Clinton
Elderly
Amt Requested:
$1,020,000
# Bldgs:
# Total Units:
# LIHTC Units:
1
38
38
1
................
................
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