Treasury, HUD Make First Awards Of Credit Exchange, TCAP Funds

摘要

The Treasury Department and HUD have made the first $419 million in funding awards under the low-income housing tax credit exchange program and tax credit assistance program (TCAP) authorized by the American Recovery and Reinvestment Act (ARRA).rnThe awards were announced May 22.rnHUD is providing $83 million in TCAP funds for tax credit projects in Ohio, while Treasury is swapping $336 million in grants for credits.