Tax Credit Assistance Program

Title XII of the Recovery Act appropriated $2.25 billion under the HOME Investment Partnerships (HOME) Program heading for a grant program to provide funds for capital investments in Low-Income Housing Tax Credit (LIHTC) projects. 

HUD will award TCAP grants by formula to state housing credit agencies to facilitate development of projects that received or will receive LIHTC awards between October 1, 2006 and September 30, 2009. 

The Recovery Act requires TCAP funds to be distributed to each state housing credit agency based on the percentage of the FY 2008 HOME Program appropriation received by the state and local participating jurisdictions in the state.

OHFA allocation is more than $25.7 million.

TCAP Draw Request Procedures and Forms

TCAP Environmental Review Q & A

ARRA Application and Instructions

ARRA Questions and Answers #2 (from questions received as of 7/17/09) (released 7/21/09)

ARRA Questions and Answers (from questions received as of 7/8/09) (released 7/14/09)

NCSHA's Recommended Principles in State TCAP and Exchange Program Administration

Click here to follow OHFA's application process with HUD.

Tracking and Reporting (coming soon)

Other Helpful Resources:
HUD website

TCAP website

OHFA's TCAP Executive Summary

NCSHA's TCAP Summary (released 5/5/09)

 

► ARRA
► Section 1602
     Exchange Program