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GEORGIA TAKING APPLICATIONS FOR ADDITIONAL TCAP FUNDS

Monday, January 31, 2011 - 8:00AM

The Georgia Department of Community Affairs (DCA) is accepting requests for additional funds from the Tax Credit Assistance Program (TCAP). Properties that received a low-income housing tax credit allocation between October 1, 2006 and September 30, 2009 may be eligible for an award of up to $2 million. The DCA will allocate the TCAP funds to one property. Interested parties must submit the amount of TCAP recaptured funds being requested; a description of how the funds will be used and why they are needed; and the “Detailed Sources & Uses” section of the Core Application for the proposed development. The DCA has released detailed information for applicants and interested parties should email their information to Andria Williams at [email protected] no later than 5 p.m. on Wednesday, February 2. More information about the reallocation of TCAP funds can be found at the Affordable Housing Resource Center.

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