DHCD Announces TCAP and Tax Credit Exchange Funding Round - February 22, 2010

Re: Tax Credit Assistance Program (TCAP) – Round #3 – March 5, 2010

The Department of Housing and Community Development (DHCD) will accept applications from eligible sponsors for Tax Credit Assistance Program (TCAP) funds on or before Friday, March 5, 2010. Interested sponsors should carefully review the Massachusetts Tax Credit Assistance Program (TCAP) Guidelines of June 1, 2009, as amended, to determine whether their projects are eligible for consideration. All applications must be received at DHCD, 100 Cambridge Street, Suite 300, Boston, MA 02114 by the close of business on Friday, March 5, 2010. Applications received at DHCD after the close of business on that date will not be reviewed. Approximately $4.5 to $5 million in TCAP funds will be available during this competition (the Department’s third competition for TCAP funds). Any questions should be directed to the Low Income Housing Tax Credit staff in DHCD’s Division of Housing Development. Sponsors who intend to apply for TCAP funds during the March 5, 2010 competition should immediately contact the tax credit staff to determine whether their projects are eligible for consideration.

Re: Tax Credit Exchange Program (TC-X or Section 1602) – Round #5 – March 5, 2010

The Department of Housing and Community Development (DHCD) will accept applications from eligible sponsors for Tax Credit Exchange(TC-X) funds on or before Friday, March 5, 2010. Interested sponsors should carefully review the Massachusetts Tax Credit Exchange Program Guidelines of August 11, 2009 as amended, to determine whether their projects are eligible for consideration. All applications must be received at DHCD, 100 Cambridge Street, Suite 300, Boston, MA 02114 by the close of business on Friday, March 5, 2010. Applications received at DHCD after the close of business on that date will not be reviewed. A limited amount of exchange funds will be available during this competition (the Department’s fifth exchange competition). Any questions should be directed to the Low Income Housing Tax Credit staff in DHCD’s Division of Housing Development. Sponsors who intend to apply for TC-X funds during the March 5, 2010, competition should immediately contact the tax credit staff to determine whether their projects are eligible for consideration.