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TDHCA Aannounced a Proposed Qualified Contract Policy

Wednesday, June 1, 2005 - 7:15AM

The Texas Department of Housing and Community Affairs (TDHCA) announced last week that it has drafted a proposed qualified contract policy to assist owners of low-income housing tax credit (LIHTC) properties that received a credit allocation after January 1, 1990 and who desire to exit the program after the initial 15 year affordability period. Once TDHCA's governing board approves the proposed policy, TDHCA will publish the draft in the Texas Register and release the document to the public for comment.

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