Tax credits awarded to Marquette housing plan
MARQUETTE, MI— A Marquette housing project is getting more than $1.4 million in federal Low-Income Housing Tax Credits.
The Michigan State Housing Development Authority announced Thursday that more than $13 million in credits was awarded to the development or rehabilitation of housing projects across the state.
Woda Cooper Development and the Keweenaw Bay Indian Community are constructing Black Rock Crossing in Marquette, which will contain 50 units.
Developers that receive LIHTC awards can claim credits against their tax liability annually for up to 10 years.