American Recovery and Reinvestment Act (ARRA) Housing Credit Assistance Programs

American Recovery and Reinvestment Act (ARRA) Housing Credit Assistance Programs

 

The American Recovery and Reinvestment Act of 2009 establishes two new programs providing state Housing Credit allocating agencies with new tools to support Housing Credit-financed rental housing—the Tax Credit Assistance Program (TCAP), administered by HUD, and authority to exchange Housing Credits for cash (the Exchange program), administered by Treasury. Although HUD and Treasury have not provided guidance on state implementation of these programs, some states have published preliminary information on how they intend to implement these new programs.

 

This website, which NCSHA will update regularly, will provide information on state guidance as it is released.

 

Reference Materials

Treasury Exchange and Award Disbursment Information by Project (February 14, 2010)

Treasury Exchange and Award Disbursment Information by Project (January 31, 2010)

Treasury Exchange and Award Disbursment Information (January 25, 2010)

TCAP Activities as of January 25, 2010

HUD TCAP Guidance

Treasury Priority Guidance Plan 2008 - 2009

Treasury Exchange Guidance

(July 9, 2009)

 

NCSHA Correspondence and Related Materials

NCSHA April 28 Letter to Treasury on Exchange Program

NCSHA March 18 Letter to HUD on TCAP

NCSHA ARRA Summary

National Housing Trust Summary of HFA Implementation Plans

 

 

State Housing Credit allocating agency program guidance and related materials:

 

Alabama

• Alabama Housing Finance Authority Notice: The American Recovery and Reinvestment Act (February 27, 2009)

•  Exchange Program Guidance(May 12, 2009)

• TCAP Guidance (May 12, 2009)

Arkansas

• Arkansas TCAP and Exchange Program Selection Process (May 22, 2009)

California

• American Recovery and Reinvestment Act (ARRA) Funding Applications and Memo (May 12, 2009)

• TCAC Memo: Proposed Regulation Changes: Responses to Additional Comments (April 27, 2009)

• TCAC Memo: Responses to Comments Received about Proposed Regulation Changes (April 16, 2009)

• Updated Notice of Public Hearings (March 17, 2009)

• American Recovery and Reinvestment Act of 2009 Proposed Regulation Changes (March 17, 2009)

• Additional 2009 Proposed Regulation Changes with Reasons (March 17, 2009)

• Notice of Public Hearings (March 11, 2009)

• Revised-2009 PROPOSED Committee Meeting Schedule And Critical Dates (March 11, 2009)

• Memo: Postponement of First Round 2009 Competitions and Application Workshops (February 23, 2009)

• Memo: The American Recovery and Reinvestment Act of 2009 (February 17, 2009)

Colorado

• Tax Credit Assistance Program and Exchange Program Fact Sheets

  (June 1, 2009)

Connecticut

• Description Of The Competitive Selection Criteria and Process

 

Delaware

• Delaware State Housing Authority Memo: American Recovery and Reinvestment Act (March 11, 2009)

• ARRA Web Page

District of Columbia

• Guidelines for Grants in Lieu of Low Income Housing Tax Credits

  (May 13, 2009)

• Draft Tax Credit Assistance Program Project Selection Criteria

  (May 8, 2009)

Florida

• Florida Housing Finance Corporation Memo: The American Recovery and Reinvestment Act of 2009 (February 26, 2009)

• Tax Credit Assistance Program Project Selection Process and Criteria

  (May 22, 2009)

• Guidelines for Issuance of Requests for Proposals in Connection with the ARRA funding

  (as of May 15, 2009)

• ARRA Web Page

Georgia

• Georgia Tax Credit Assistance Program (TCAP) and Tax Credit Monetization Program (Exchange) Application Process and Minimum Documentation Submission Requirements (April 23, 2009)

• DCA TCAP Q&A (April 23, 2009)

• DCA Proposed ARRA Implementation Plan (April 7, 2009)

• Georgia Department of Community Affairs ARRA Update

• American Recovery and Reinvestment Act Federal Compliance Manual

  (June 3, 2009)

• ARRA Web Page

Hawaii

• The American Recovery and Reinvestment Act of 2009

  (March 5, 2009)

Idaho

• Tax Credit Assistance Program (TCAP) Submission Packet

• Idaho Tax Credit Assistance Program (TCAP) Web Page

Illinois

• Description of Competitive Selection Criteria

• Tax Credit Assistance Program (TCAP) Web Page

• Illinois ARRA Updates

Indiana

• 2009 Tax Credit Exchange and Assistance Program Policies and Procedures - DRAFT (April 21, 2009)

• Notice: MFD-09-13: IHCDA Tax Credit Exchange & Assistance Program Policy and Procedures - DRAFT (April 21, 2009)

Iowa

•   Draft Tax Credit Assistance Program Selection Process and Criteria (May 26, 2009)

•   ARRA Web Page

Kansas

• TCAP Development Selection Criteria

Kentucky

• Stimulus Bill’s Effect on KHC’s HFC Programs (February 24, 2009)

• Tax Credit Assistance Program (TCAP) and Exchange Program Application Process and Submission Requirements (May 21, 2009)

Louisiana

• LHFA Response to Treasury on GO Zone Credits and Exchange Program (April 24, 2009)

• LHFA Letter to Treasury on Go Zone Credits and Exchange Program (March 20, 2009)

• LHFA Notice of Public Hearing: Amendment to Qualified Allocation Plans

  (March 12, 2009)

• TCAP and Exchange Program Frequently Asked Questions (May 8, 2009)

Maine

• MaineHousing ARRA Page

Maryland

• MDHCD Response to HUD Comments (June 16, 2009)

• HUD Comments on TCAP Submission (June 15, 2009)

• Tax Credit Assistance Program (TCAP) Submission Packet Submitted to HUD by MDHCD (June 2, 2009)

• Final 2009 Tax Credit Assistance Program (TCAP) Application Submission Package (June 1, 2009)

• Developer's July 2009 TCAP Funding Round Application

• List of Projects Eligible to apply for TCAP as of May 19, 2009

• Submission Packet to HUD

• Maryland Department of Housing and Community Development TCAP Web Page

• Maryland Department of Housing and Community Development Multifamily Housing Notice 09-03 (May 8, 2009)

Michigan

• Michigan State Housing Development Authority's Preliminary Implementation Plan (Draft) (March 25, 2009)

Minnesota

• American Recovery and Reinvestment Act – Housing Tax Credit Program (February 24, 2009)

Mississippi

• 2009 Cycle Notifications and Disclosure of Average Purchase Price (March 12, 2009)

Missouri

• ARRA Website

• Missouri Housing Development Commission Update (February 27, 2009)

• Missouri Housing Development Commission Basic Summary of the Act (February 20, 2009)

• Missouri Housing Development Commission Announcement (February 18, 2009)

Montana

• Tax Credit Assistance Program and Tax Credit Exchange Program Procedures DRAFT (March 27, 2009)

Nebraska

• Nebraska Investment Finance Authority LIHTC Public Hearing Regarding American Recovery & Reinvestment Act of 2009 (March 10, 2009)

• NIFA Summary of the American Recovery & Reinvestment Act of 2009

Nevada

• List of 2009 TCAP Applications Received (July 29, 2009)

• Informational Notices and Guidelines

• Final Rating and Ranking Criteria

• Nevada Housing Division ARRA Web Page 

New Hampshire

• TCAP Web Page

• HUD Acceptance of TCAP Plan (June 23, 2009)

• Construction Signage Information for projects using TCAP funds (June 9, 2009)

• Final TCAP Plan (June 3, 2009)

• New Hampshire Draft TCAP Plan(May 12, 2009)

• TCAP Public Notice (updated May 12, 2009)

 

New Jersey

• Tax Credit Assistance Program (TCAP) - Summary

• NJHMFA Tax Credit Assistance Program Proposed Selection Criteria

• Tax Credit Assistance Program (TCAP) - Timetable

• NJHMFA TCAP Web Page

New Mexico

• Housing Stimulus Programs Web Site

 

New York

• Governor Paterson Press Release on TCAP Awards (April 6, 2009)

• NYDHCR Commissioner's Message About ARRA (March 26, 2009)

• New York State Information Related to the American Recovery and Reinvestment Act of 2009

North Carolina

• Revised Tax Credit Exchange Criteria (June 10, 2009)

• Revised Tax Credit Exchange Criteria (Black Lined) (June 10, 2009)

• NCHFA Draft Tax Credit Assistance Program Project Selection Process and Criteria (May 13, 2009)

• NCHFA Draft Tax Credit Exchange Process and Criteria (May 13, 2009)

North Dakota

• Notice of Comment Period - Tax Credit Assistance Program

• TCAP Web Page

• Exchange Program Web Page

Ohio

• Final Tax Credit Assistance Program (TCAP) and Tax Credit Exchange (TCE) Implementation Plan (April 15, 2009)

• DRAFT Tax Credit Assistance Program (TCAP) and Tax Credit Exchange (TCE) Implementation Plan (April 8, 2009)

• March 18 OHFA Board Meeting Notice (March 13, 2009)

• Memo: Federal Stimulus Legislation Update (March 2, 2009)

Oklahoma

• Proposed Emergency Tax Credit Rules: Subchapter 10. Credit Assistance/Stimulus Legislation (March 13, 2009)

Oregon

• Oregon Housing and Community Services ARRA Website

• Expected OHCS ARRA Allocations (March 17, 2009)

• Tax Credit Assistance Program: Funding from ARRA

• Tax Credit Exchange Program: Funding from ARRA

• Oregon Housing and Community Services Memo: LIHTC Provisions of The American Recovery and Reinvestment Act of 2009 (February 20, 2009)

Pennsylvania

• A Guide to the American Recovery and Reinvestment Act in Pennsylvania

Rhode Island

• REVISED Program Bulletin – 2009 – 01: American Recovery & Reinvestment Act Tax Credit Assistance Program Implementation Plan (June 5, 2009)

• Rhode Island Housing Program Bulletin – 2009 – 01: American Recovery & Reinvestment Act Tax Credit Assistance Program Implementation Plan (May 12, 2009)

• Rhode Island Housing Program Bulletin – 2009 – 02: American Recovery & Reinvestment Act Tax Credit Exchange Program Implementation Plan (May 12, 2009)

• Exchange Program and TCAP Application Submission Requirements

• ARRA Web Page

South Carolina

• South Carolina State Housing Finance and Development Authority Tax Credit Assistance Program's Final Plan (May 28, 2009)

• Notice of Public Commenting Period: Proposed TCAP Implementation Plan (May 13, 2009)

• Draft Tax Credit Assistance Program Implementation Plan (May 13, 2009)

• TCAP Web Page

South Dakota

• Notice of Comment Period Tax Credit Assistance Program (May 12, 2009)

Tennessee

• Memo: Update on 2009 LIHTC Program, Administration of ARRA Resources (March 31, 2009)

• Memo: Guiding Principles for Use in Developing Program Details for ARRA (March 20, 2009)

• Memo: March 19, 2009 THDA Board of Directors Action Regarding the 2009 LIHTC Process (March 20, 2009)

• Memo: March 19, 2009 THDA Board of Directors Action Regarding 2009 Exchange Applications (March 20, 2009)

• Tennessee Housing Development Agency Memo: Housing Credits – ARRA Relief Provisions (part 2) (March 17, 2009)

• Memo: Open Forum to Discuss Housing Credit Relief Provisions (March 6, 2009)

• Memo: Housing provisions within the American Recovery and Reinvestment Act (February 13, 2009)

Texas

• TDHCA Recovery Act Web Site

• TDHCA TCAP Web Page

• TDHCA Exchange Program Web Page

• Provisional Implementation Plan for the American Recovery and Reinvestment Act of 2009 (March 6, 2009)

• TDHCA Board Presentation, Discussion and Possible Approval of policy regarding use of the American Recovery and Reinvestment Act (ARRA) 2009 Exchange Program and HOME Partnership Tax Credit Gap Financing (March 12, 2009)

• Legal Determination: Harmonizing H.R.1 American Recovery and Reinvestment Act of 2009 (ARRA) Subtitle G Section 1602 (The Tax Credit Exchange Program) and Texas Government Code Chapter 2306 (February 24, 2009)

Utah

• Tax Credit Assistance Program and Tax Credit Exchange Program Guidelines (June 2, 2009)

• Draft Tax Credit Assistance Program and Tax Credit Exchange Program Program Guidelines (May 21, 2009)

• Utah Housing ARRA Web Page

Vermont

• Memo: 2009 American Recovery and Reinvestment Act Implementation: TCAP and Credit Exchange Program (May 19, 2009)

• TCAP Competitive Priorities; Procedures to Commit and Expend Funds / Redistribution of Funds

• Overview Web Page

Virginia

• VHDA Update: 2009 Workshop Discussion - ARRA Legislation (February 25, 2009)

• VHDA Update: Revised 2009 QAP Schedule and HTA Workshops (February 18, 2009)

Washington

• DRAFT Concept Proposal for LIHTC and ARRA Resource Allocation (March 27, 2009)

• WSHFC Notice: Stakeholder Meetings: Implementing ARRA Resources (March 24, 2009)

• WSHFC Alert: LIHTC Stakeholder Meeting Logistics (March 10, 2009)

• WSHFC American Recovery and Reinvestment Act of 2009 - Summary (March 10, 2009)

• Save the Date: LIHTC Stakeholder Meeting (March 6, 2009)

• Washington State Housing Finance Commission Memo: The American Recovery and Reinvestment Act of 2009 (February 18, 2009)

West Virginia

• TCAP Web Page

Wisconsin

• WHEDA's ARRA Web Page

• Wisconsin Housing & Economic Development Authority Memo: 2009 American Recovery and Reinvestment Act (March 10, 2009)

Wyoming

• Wyoming State ARRA Web Site