Patrick Murray Administration Funds Five More Projects with Tax Credit Exchange Funds - November 25, 2009

Latest round of federal tax credit exchange funds to revive five more projects

BOSTON – November 24, 2009 – As part of the Patrick-Murray Administration’s Massachusetts Recovery Plan to secure the state’s economic future, Governor Deval Patrick today announced he will target an additional $30.4 million in recovery funds from the U.S. Treasury Department’s tax credit exchange program to revive five affordable housing developments stalled due to the lack of equity available in low-income housing tax credit markets. Today’s awards follow last month’s commitment from the administration to distribute $50.3 million from the Treasury program to create jobs and jumpstart 10 other projects across the state.

Please click here for the full press release.