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MSHDA was created as a result of the State Housing Development Authority Act of 1966 (Act 346 of 1966). [1] The purpose of this act was to establish funds in housing development , land acquisition and development, rehabilitation, conversion condominium fund, and to provide for the expenditure of certain funds.
The organization was formerly involved in the listing of state historic sites and operating the state's historical marker program; that function is now performed by the Michigan History Center and Eastern Michigan University.
The Talent Investment Agency (TIA) started concurrently with the department, taking over activities previously carried out by Michigan State Housing and Development Authority, the Workforce Development Agency, the Governor's Talent Investment Board and the Unemployment Insurance Agency. [4]
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The LIHTC provides funding for the development costs of low-income housing by allowing an investor (usually the partners of a partnership that owns the housing) to take a federal tax credit equal to a percentage (either 4% or 9%, for 10 years, depending on the credit type) of the cost incurred for development of the low-income units in a rental housing project.
Data requirements can also be identified in the contract via special contract clauses (e.g., DFARS), which define special data provisions such as rights in data, warranty, etc. SOW guidance of MIL-HDBK-245D describes the desired relationship: "Work requirements should be specified in the SOW, and all data requirements for delivery, format, and ...
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