TREASURY ANNOUNCES $268 MILLION MORE IN RECOVERY ACT LIHTC EXCHANGE FUNDS

Monday, June 22, 2009 - 8:00am

The  Treasury Department today announced $268 million in funds allocated through the low-income housing tax credit (LIHTC) exchange program created by the American Recovery and Reinvestment Act (Recovery Act) to spur the development of affordable housing units in Indiana, Missouri, Tennessee and Washington D.C. The funds announced today include $164 million in Indiana; $17 million in Missouri; $53 million in Tennessee; and $ 33.7 million in the District of Columbia. This is the third round in a series of awards based on a rolling application process; the Treasury Department says it anticipates making similar announcements in the coming weeks.