AAB Development Strategies

Self-Help Tools

BUSINESS & PROJECT FINANCING

This section provides a description of most financing programs used to finance housing and neighborhood development projects. Many of them provide links to applications and more detailed information that nmay be used by Development Teams. If we missed a program please e-mail us and we will include it.

Historic Tax Credits - An Incentive to Restore

• Federal Historic Preservation Tax Credit Program

New Market Tax Credits - A Mixed Use Made Possible

• New Market Tax Credit Program

Mortgage Insurance Programs

• Mortgage Insurance for Rental and Cooperative Housing: Section 221(d)(3) and Section 221(d)(4)
• Mortgage Insurance for Purchase or Refinancing of Existing Multifamily Rental Housing: Sections 207/223(F)
• Mortgage Insurance for Nursing Homes, Intermediate Care, Board & Care and Assisted-living Facilities: Section 232 and Section 232/223(f)

Housing Financing Programs

• HUD 202 Senior Housing Financing
• HUD 202 Senior Housing Financing w LIHTC Syndication
• H.O.M.E. Program
• Project Based Section 8 Restructuring
• Federal Home Loan Bank Community Investment Program
• Federal Home Loan Bank Affordable Housing Program
• Low Income Housing Tax Credit Program
• Income and Rent Calculator for Community
• Michigan Opportunity Resource Fund

Federal Financing Programs

• Brownfield Economic Development Initiative (BEDI)
• HUD 108 Loan Guarantee Program
• Community Renewal Initiative (Flint & Detroit, Only)

State Financing Programs

• Brownfield Tax Increment Financing
• Brownfield 10% Single Business Tax Credit
• MSHDA Financial Resources
• Affordable Housing Inventory