HUD APPROVES MORE THAN $1 BILLION IN TCAP FUNDS

Tuesday, June 30, 2009 - 8:00AM

U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan today announced that HUD is approving plans submitted by state housing finance agencies for $1,035,322,485 to jump start affordable housing programs in states that are currently stalled due to the economic recession. Funded through American Recovery and Reinvestment Act of 2009, HUD's Tax Credit Assistance Program (TCAP) will allow 26 state housing finance agencies to resume funding of affordable rental housing projects.

The 2009 edition of the Low Income Housing Tax Credit Handbook includes information on the LIHTC provisions of the American Recovery and Reinvestment Act of 2009! Click here to learn more.

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