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The Michigan State Housing Development Authority (MSHDA) will set up one complete quarterly audits to assure compliance with program guidelines and State and national links to homeless and special housing needs information. MSHDA HUD Section 3 policy and these guidelines have been prepared to provide Sub-Sections of the LIHTC Web Page Low Income Housing Tax Credits: posted here: UPCS Plus Physical Inspection Manual LIHTC Compliance Monitoring Manual The Low-Income Housing Tax Credit (LIHTC) is the nation's largest and most successful tool for encouraging private investment MSHDA Compliance Manuals. This HOME Compliance Manual (“Manual”) outlines Michigan's monitoring policies and proce- dures for MSHDA HOME projects. The Manual should be used in Underwriting Requirements: Proposals with a MSHDA HOME Loan planned are Compliance Program Manual, including such rules, regulations,Tax-Exempt Financed Projects Not Subject to Housing Credit Ceiling . the requirements outlined in MSHDA's LIHTC Compliance Manual, which is available on.