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HUD POSTS ADDITIONAL TCAP GUIDANCE

Wednesday, July 29, 2009 - 8:00AM

The U.S. Department of Housing and Urban Development (HUD) has posted new guidance for the Tax Credit Assistance Program (TCAP). TCAP was created by the American Recovery and Reinvestment Act of 2009 to provide grant funding for capital investment in low-income housing tax credit (LIHTC) projects. The latest guidance includes information on Davis-Bacon prevailing wages, updated program income, grant agreements, written agreements and the Integrated Disbursement and Information System (IDIS). Click here for complete Recovery Act coverage.

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