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TENNESSEE PUBLISHES CURRENT PLANS FOR RECOVERY ACT PROVISIONS

Sunday, March 29, 2009 - 8:00AM

The Tennessee Housing Development Agency today released a memo regarding its 2009 low-income housing tax credit (LIHTC) program and its plans to implement the LIHTC provisions of the American Recovery and Reinvestment Act of 2009. The memo notes that the agency is still waiting on guidance from Treasury and the U.S. Department of Housing and Urban Development (HUD) regarding the requirements and administration. In the interim, today’s memo describes staff expectations regarding how TDHA’s current plans for the Recovery Act’s provisions will affect the 2009 LIHTC application round.

TDHA’s regulations and other state responses to the Recovery Act will be the focus of Novogradac & Company’s conference A Look Ahead: The LIHTC and the Recovery and Reinvestment Act, May 13-14, 2009 in New Orleans, La.

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