HUD Issues Report on TCAP Activity By States

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Tax Credit Advisor, January 2010: The U.S. Department of Housing and Urban Development (HUD) has posted a report showing the activity as of 12/5/09 by 25 reporting state housing credit agencies under the Tax Credit Assistance Program. One spreadsheet shows the amount of TCAP funds received by each reporting state, the amounts committed and disbursed to individual and all projects, and the percentage of available funds committed and disbursed. A second spreadsheet lists individual projects to date, with funding amounts.

According to the report, the 25 state agencies so far have committed roughly $300 million in total TCAP funds and disbursed about $31 million.

(Report: http://portal.hud.gov/portal/page/portal/RECOVERY/programs/TAX)