Tax Credit Practitioners Criticize HUD Decision Limiting TCAP Funds To Items Inclinable in Eligible Basis

摘要

Low-income housing tax credit practitioners participating in the American Bar Association (ABA) affordable housing forum criticized HUD's decision to limit the use of tax credit assistance program (TCAP) funds to items that can be included in eligible basis.rnUnder the American Recovery and Reinvestment Act (ARRA), TCAP funds must be used for capital investments, which HUD, in guidance issued May 4, defined as costs includable in eligible basis.