Which statement below is true of the Michigan State Housing Development Authority (MSHDA)?

A) It works with federal programs to offer low-interest rate loans to high-end, low-impact developers.
B) It requires the use of preliminary reservation agreements for the rental of units in low-income multifamily housing developments.
C) It works with private lenders to offer low-interest rate loans to low- and moderate-income families.
D) It requires the use of tying arrangements in partnership with private lenders that provide loans for condominium conversions