Options for Renters

HOUSING CHOICE VOUCHER RENTAL ASSISTANCE PROGRAM

This federal program provides rent subsidies for very low income people who find their own housing in private homes and apartment buildings. MSHDA administers approximately 24,000 Housing Choice Vouchers. Note: The waiting list for this program is very long and is closed when full. Open application periods are advertized in the newspapers.To apply for a Housing Choice Voucher contact the Housing Agent assigned to the county where you wish to reside.  The Housing Agent will verify the status (open vs. closed) of the waiting list, explain eligibility requirements, etc.

MULTIFAMILY SECTION 8 (S.8)

Generally, residents in these developments must be low income persons and families who meet Income Limits set by HUD and the Tenant Selection Criteria. HUD provides a subsidy to the development which pays a portion of the residents' rent. The rent that residents pay is based on their adjusted family income, minus an allowance for utilities. All residents in these units must pay a minimum rent of $50.00 per month from their own money.

SECTION 236(236/RS/RAP)

All residents in these developments must meet Income Limits set by MSHDA and the Tenant Selection Criteria. Rents at a 236 development tend to be lower than other rental housing units because the mortgage interest rate is subsidized by HUD. A small number of units at a 236 development may receive Rent Supplement (RS) or Rental Assistance Payments (RAP). Under the Rent supplement and Rental Assistance Payment programs, the rent that residents pay is based on their adjusted family income, minus an allowance for utilities. All residents receiving Rent Supplement and Rental Assistance Payments must pay a minimum rent of $25.00 per month from their own money.

MODERATE (MOD)

Residents in these units must be moderate income persons and families who meet Income Limits established by the State of Michigan and the Tenant Selection Criteria. No rent subsidy is offered on any of these units. Rent on these units may be lower than other rental housing units because MSHDA mortgage loans carry a lower interest rate than standard mortgage loans.

80/20(8.2)

At least 20% of the housing units in these developments must be rented to low income persons and families who meet Income Limits set by HUD and the Tenant Selection Criteria. In addition, some units must be rented to persons and families who meet moderate income limits set by MSHDA and the Tenant Selection Criteria. Others may be rented to families meeting the Tenant Selection Criteria, regardless of their income. Rents for some of these units, particularly those set aside for low income residents, tend to be lower than those of other rental housing units because of MSHDA financing. No rent subsidy is offered for many of these units. At some 80/20 developments MSHDA provides a subsidy to help low income residents pay their rent. Contact the Management Agent at the On-Site Address for the development in which you are interested to find out whether a MSHDA rent subsidy is available and the requirements to qualify for such a subsidy.

70/30(7.3)

At least 30% of the housing units in these developments must be rented to low income persons and families who meet Income Limits set by HUD and the Tenant Selection Criteria. In addition, some units must be rented to persons and families who meet moderate income limits set by MSHDA and the Tenant Selection Criteria. Others may be rented by families meeting the Tenant Selection Criteria, regardless of their income. No rent subsidy is offered for these units. Rents for all units are restricted by MSHDA. Rents for the units in these developments tend to be lower than other rental housing units because of MSHDA financing.

ONE PERCENT(1%)

All residents in these developments must be low income persons and families who meet Income Limits determined by HUD and the Tenant Selection Criteria. No rent subsidy is offered for these units. Rents for units in these developments are restricted by rent limits established by the Federal government.

TAXABLE BOND (TXB)

All residents in these developments must be low income persons and families who meet Income Limits determined by HUD and the Tenant Selection Criteria. No rent subsidy is offered for these units. Rents for units in these developments are restricted by rent limits established by the Federal government.

TEAM (TM)

At least 40% of the housing units in these developments must be rented to low income persons and families who meet Income Limits set by HUD and the Tenant Selection Criteria. The remaining units may be rented by families meeting the Tenant Selection Criteria, regardless of their income. The owner may, at its option, choose to restrict all or any portion or these market rate units to low income persons and families. No rent subsidy is offered for these units. Rents for the units in these developments tend to be lower than other rental housing units because of MSHDA financing.

NEIGHBORHOOD PRESERVATION PROGRAM (NPP)

At least 20% of the housing units in these developments must be rented to low income persons and families who meet Income Limits set by HUD and the Tenant Selection Criteria. The remaining 80% of units may or may not be restricted based on resident income, depending on when the development was financed. This program is limited to small developments of 4 to 30 units. A rent subsidy is offered for these units. Rents for the units in these developments tend to be lower than those of other rental housing units because of MSHDA financing.

FAMILIES IN TRANSITION (FTR)

These developments are restricted to low income, homeless, single mothers who meet the Income Limits and the Tenant Selection Criteria, and their children. In addition, day care and other support services may be available subject to available funds. Rents are subsidized and very low . Actual rents at each FTR development are affected by community grants available to that particular development. An additional fee may be charged for services not related to housing.

MODERATE REHABILITATION (MRH)

Generally, residents in these developments must be low income persons and families who meet Income Limits set by HUD and the Tenant Selection Criteria. HUD provides a subsidy to the development which pays a portion of the residents' rent. MSHDA usually plays a very minor roll at these developments. The rent that residents pay is based upon their adjusted family income, minus an allowance for utilities. All residents in these units must pay a minimum rent of $25.00 per month from their own money.

ON-SITE ADDRESS

If you are interested in applying for a unit in a MSHDA financed development, you must contact the development's Management Agent directly by calling or visiting the On-Site Address. The address and phone number of the development is where the Management Agent is located. All applications for housing in MSHDA financed developments must be made with the management agent. The management agent also calculates your income and determines if you meet the Income Limits and other eligibility requirements. MSHDA receives this information but does not decide who will live in the development.

INCOME LIMITS

In order to be eligible to live in many of the units, tenants must have a family income that falls below specified limits established by the federal government and State of Michigan. Your income will be computed by the Management Agent for the development at the On-Site Address, according to rules and regulations set by the State and/or Federal governments.

TENANT SELECTION CRITERIA

Eligibility criteria are developed by the owner of the development and the Management Agent. These criteria, approved by MSHDA , are used for deciding which persons and families are eligible to live in the development. Factors for determining tenant selection may include: credit history, prior criminal convictions, prior rental experience and other factors. A development financed by MSHDA may not discriminate in selecting tenants based on race, color, national origin, sex , religion, marital status, height weight, or handicap. A development financed by MSHDA may discriminate based on age only at developments reserved for the elderly.