GEORGIA RELEASES PRELIMINARY ARRA IMPLEMENTATION PLAN

Thursday, April 9, 2009 - 8:00AM

The Georgia Department of Community Affairs (DCA) yesterday released its preliminary plan for implementing the low-income housing tax credit (LIHTC) provisions of the American Recovery and Reinvestment Act of 2009. The proposed plan, which is subject to change, addresses how DCA will implement both the Tax Credit Exchange program and the Tax Credit Assistance program. The agency said it released the preliminary plan to help developers get their projects “shovel ready” as soon as possible. DCA will hold a Q&A meeting on the preliminary plan on Wednesday, April 15. Click here to download Georgia’s plan as well as plans and memos from other states related to Recovery Act funding for LIHTC properties.

DCA’s implementation plan and other state responses to the Recovery Act will be the focus of Novogradac & Company’s conference A Look Ahead: The LIHTC and the Recovery and Reinvestment Act, May 13-14, 2009 in New Orleans, La.

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