Wednesday, August 5, 2009

TCAP Change Notice in Federal Register Tomorrow.

FR Notification of Tax Credit Assistance Program changes is HERE.

Actual HUD NOTICE CPD-09-03 - REV,with changes made a week ago, is HERE.

From FR:

.. HUD announces that it has posted on its website a revised notice that changes and clarifies a number of TCAP program requirements established in the document posted on May 4, 2009. The changes to the notice include the expansion of the definition of eligible TCAP projects to include projects that have received or will receive Gulf Opportunity Zone and Midwestern Disaster Area Housing Credits, as provided for under section 1204 of the 2009 Supplemental Appropriations Act (Public Law 111-32, approved June 24, 2009). The revised notice also provides for the use of additional reporting information that has now become available from both the Department and the Office of Management and Budget, and the addition of acquisition, on-site demolition costs, and hazardous material remediation costs to the eligible TCAP program costs

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