TDHCA Allocates $27.5M in LIHTCs to 64 Developments

Wednesday, August 1, 2001 - 1:45am

The Texas Department of Housing and Community Affairs (TDHCA) yesterday allocated Low-Income Housing Tax Credits for 64 projects totaling $27,534,046. “The [TDHCA] Board approved fairly close to the original recommendations, with a few changes,” says Jeff Crozier, a manager with the Austin, Texas office of Novogradac & Company LLP. One of those changes was the replacement of the 96-unit, $766,065 River Glen project in Wichita Falls with the 112-unit, $786,341 Parkstone Crossroads Apartments. Of the 5,485 total units the Board approved for development, 4,425 are low income. The number of original applications for the state’s $31 million tax credits allocation was 162 for a total request of $91, 330,307. For more information on the applicants and awards, click here.