TDHCA Approves the 2006 LIHTC Allocation
Last week the governing board of the Texas Department of Housing and Community Affairs (TDHCA) approved the 2006 low-income housing tax credit (LIHTC) allocation, awarding $48.9 million in federal housing tax credits to 73 applicants. TDHCA estimates that these credits will help create 11,776 units of affordable rental housing serving households earning 60 percent or less of the area median family income. The allocation included nearly $5.2 million in forward commitments from the 2007 LIHTC pool TDHCA made to seven applications in this year's round. A complete list of all developments receiving tax credits in the 2006 allocation cycle is located online at www.tdhca.state.tx.us.