Michigan Magnet Fund
 

Home

Description

Organization

Eligible Areas

Underwriting Criteria

Pre-application

Full Application

Approved Projects

Development Laws

Contacts

Password Secured Site

 

   

Eligible Areas

Not all areas of Michigan are eligible for a MMF project. Please use the following process to see if your proposed area fits the criteria before applying for pre-approval.

How to Find New Market Tax Credit Eligible Areas:

To determine whether a particular area is eligible for New Market Tax Credits, go to the following census bureau site to find the census tract number. You start by entering the address of the site. Look up the Census Tract number.

Next, use the "NMTC Eligible Michigan Census Tracts.xls" excel table. If you don't have Excel installed you may use the free Microsoft Excel Viewer. In the Excel spreadsheet select the name of the metropolitan area with the arrow in the column titled MSA Heading then look up the census tract number by putting the cursor on the arrow in the Census Tract heading and selecting the number.

The Census Tract number you are looking for is the last number to the right. The first two numbers represent the state and the second three numbers represent the County. The number "1" in the NMTC column indicates the eligible tracts.

If you need a more assistance you can follow the more detailed instructions.

The following are for different areas of the state - This may help you quickly determine if your location is in a qualified area. However, to be sure please follow the process we have outlined above to be accurate.

State of Michigan
Benton Harbor
Detroit
Detroit Metro Area
Flint
Kalamazoo
Lansing
Grand Rapids
Northern Lower Peninsula
Saginaw
Western Michigan
Upper Peninsula

 

1000 S. Washington, Ste 200, Lansing, MI 48910   313 445-1843
e-mail address bogdanaa@aabds.com

Designed and maintained by AAB Development Strategies, LLC