Have you heard about the Low Income Housing Tax Credit, but never really understood how it works?
Is this the first time you’ve ever heard of it?
Are you trying to explain to your spouse/parents/kids/colleagues how you made that last housing development work?
Then we’ve got a video for you! Fresh from our Multi-Family Development CCDI Training, we present The Low Income Housing Tax Credit (LIHTC) in 5 Minutes.
We had so much fun making this that we’d like to make more explanation videos in the future. What topics would you like to see explained in 5 minutes?
Allen Neighborhood Center was one of two CEDAM members who won CEDAM’s 2010 Innovator of the Year award. As part of the award, CEDAM produced videos for both ANC and Northern Initiatives. The ANC videos are complete and highlight some of the fantastic work that ANC does in Lansing, we hope that you will take a few minutes to watch them.
The first video features ANC’s various food programs (including ANC’s breadbasket day, farmer’s market, and greenhouse programs for children). Watch below or on YouTube.
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The second video is all about World Day, an event ANC coordinated with the Immigrant/Refugee Consortium. This video highlights a number of dance and music performances by refugee groups living in Lansing. Watch below or on YouTube.
The CEDAM video that debuted at this year’s CEDAM and CDAD membership celebration on April 27 is now live on YouTube. This is CEDAM’s video mission statement, featuring a sampling of our members from across Michigan and highlighting some of the great work that they are engaged in. If you missed the video the first time or wish to watch it again, here it is:
Thank you to all of our great members and the individuals who helped make this video possible. Look forward to more videos featuring CEDAM members soon!
CEDAM’s first video blog! Look forward to more CEDAM video blogs in the future, and remember to visit/subscribe to the CEDAM YouTube page for quick access to the videos.
This video blog features Rick Ballard, Director of Community Development for MSHDA, discussing the NSP2 allocation and what it means for Michigan.
On January 14, 2010, HUD awarded $223.8 million in Neighborhood Stabilization Program II (NSP II) funds to a consortium of twelve Michigan cities and eight land banks. As the lead agency for the consortium, the Michigan State Housing Development Authority (MSHDA) is charged with revitalizing urban communities throughout the state using NSP II funds. The funds will be used to target specific neighborhoods in Detroit, Highland Park, Hamtramck, Wyandotte, Flint, Saginaw, Pontiac, Lansing, Battle Creek, Kalamazoo, Grand Rapids, and Benton Harbor and address abandoned properties, redevelop foreclosed properties for re-occupancy, remove blighted structures, and re-assemble properties for future development through local land banks. NSP II will help these communities achieve a better balance between supply and demand in the real estate market and create a more attractive environment for growth, investment, and diversity.
For more information on NSP II, please contact MSHDA’s Office of Community Development 517-373-8370.
On a related note, there are new regulations on renovation, construction, repair, and demolition where lead-based paint exists that will go into effect on April 22nd. The regulations apply even to very small projects. Please view ASTI Environmental’s brief document about the regulations here.