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TDHCA Approves Final 2004 LIHTC Allocations

Thursday, August 5, 2004 - 1:45AM

The Texas Department of Housing and Community Affairs (TDHCA) governing board last week approved the final 2004 low-income housing tax credit (LIHTC) allocation, awarding just more than $40 million in LIHTCs that will help create an estimated 6,690 units for affordable rental housing. Seventy-six applicants received an allocation in this year's cycle, out of an original 182 applications active in the full application cycle, meaning just less than one in two received LIHTCs. The allocation included nearly $3.7 million to five developments committed in 2003 as part of the 2004 credit ceiling.

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