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Thursday, February 17, 2011 - 4:00PM

The Louisiana Housing Finance Agency (LHFA) today released a memo describing how it will award its remaining Tax Credit Assistance Program (TCAP) funds. Properties that have achieved prior environmental clearance can apply for up to $1.5 million in TCAP funds. LHFA will award points to properties based on the amount of TCAP money that they have already expended and the amount of funding that they are requesting. LHFA will accept applications until 4:30 p.m. February 25. Staff will post preliminary rankings no later than 4:30 p.m. March 7 and LHFA’s Board of Commissioners will approve the staff-submitted properties on March 16. More information about the submission procedures can be found in LHFA’s memo.

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