Basis Radar

Michigan — Capital events & subsidy flows by year

Event-dated aggregates from the benchmark-validated series (year-15 counts validated within ~3% of Novogradac; Section 8 stock within 1% of NLIHC). Properties that exited the LIHTC program are excluded from LIHTC waves. National view →

LIHTC year-15 wave

In-program properties only; year 15 is the equity-exit decision point.

View as table
YearLow-Income UnitsCount
2002 30 1
2003 100 1
2004 117 5
2005 937 14
2006 122 5
2007 513 14
2008 548 12
2009 594 17
2010 1,884 32
2011 1,087 19
2012 1,303 20
2013 2,445 41
2014 2,044 37
2015 1,768 36
2016 2,982 50
2017 3,044 49
2018 4,492 68
2019 3,715 62
2020 5,082 85
2021 4,835 66
2022 4,055 59
2023 1,212 22
2024 2,285 29
2025 4,698 63
2026 3,119 41
2027 3,073 40
2028 1,429 27
2029 2,933 37
2030 3,347 34
2031 2,826 40
2032 2,854 36
2033 2,779 28
2034 1,575 26
2035 2,403 37
2036 2,937 31
2037 1,427 19
2038 1,258 16

Extended-use endings

Dates use the 30-year federal floor (or filed longer periods) — near-term totals overstate reality until state-reported periods are layered in; the wave shape is directionally sound.

View as table
YearLow-Income UnitsCount
2017 30 1
2018 100 1
2019 117 5
2020 937 14
2021 122 5
2022 513 14
2023 548 12
2024 594 17
2025 1,884 32
2026 1,087 19
2027 1,303 20
2028 2,445 41
2029 2,044 37
2030 1,768 36
2031 2,982 50
2032 3,044 49
2033 4,492 68
2034 3,715 62
2035 5,082 85
2036 4,835 66
2037 4,055 59
2038 1,212 22
2039 2,285 29
2040 4,698 63
2041 3,119 41
2042 3,073 40
2043 1,429 27
2044 2,933 37
2045 3,347 34

HAP contract expirations

Active project-based Section 8 family contracts, by full-term expiration year.

View as table
YearAssisted UnitsCount
2026 813 37
2027 776 18
2028 1,931 34
2029 2,127 37
2030 1,575 21
2031 2,944 35
2032 3,225 47
2033 3,500 40
2034 4,255 46
2035 3,713 39
2036 4,821 38
2037 3,323 33
2038 2,773 26
2039 1,823 19
2040 4,085 53
2041 4,183 45
2042 4,528 33
2043 4,621 37
2044 3,067 30
2045 3,666 33

Published debt maturities

FHA-insured and USDA loans only — conventional, bond, and agency debt is not on public record.

View as table
YearRemaining PrincipalCount
2026 — 1
2027 — 2
2028 — 5
2029 — 14
2030 — 8
2031 — 15
2032 — 12
2033 $2.2M 17
2034 $2M 30
2035 — 25
2036 $866,069 25
2037 $5.8M 15
2038 $677,792 14
2039 $6.2M 23
2040 $6.2M 26
2041 $49.7M 44
2042 $22M 33
2043 $37.5M 37
2044 $13.8M 25
2045 $23M 25

HOME/CDBG dollars landed

By IDIS completion year; HOME 5+ unit activities and CDBG activities matched to tracked properties — a floor, not a census.

View as table
YearActivity DollarsCount
2000 $5.8M 14
2001 $20.9M 27
2002 $6.4M 16
2003 $7.7M 14
2004 $9.7M 15
2005 $36.8M 33
2006 $36.3M 35
2007 $37.7M 32
2008 $20.4M 21
2009 $7.6M 16
2010 $9.2M 23
2011 $35.6M 30
2012 $15.5M 27
2013 $75.1M 41
2014 $25M 20
2015 $43.8M 26
2016 $24.9M 16
2017 $32.1M 19
2018 $28.1M 14
2019 $23.5M 12
2020 $11.1M 8
2021 $4.2M 6
2022 $27.8M 25
2023 $10.8M 15
2024 $14.3M 14
2025 $11.8M 14
2026 $16.2M 14

Methodology and reconciliation against published figures: see the glossary. Filter, sort, and drill into properties in the application.