TREASURY ANNOUNCES ANOTHER ROUND OF EXCHANGE PROGRAM FUNDS

Thursday, July 30, 2009 - 8:00am

The Treasury Department today announced approximately $90 million in funds will be 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. The funds announced today include $18 million for Colorado; $4 million for Delaware; $53 million for Illinois; $10 million for Maine; and $4 million for Nebraska. This is the fifth round in a series of awards based on a rolling application process.