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From HUD Press Releases:
WASHINGTON - U.S. Housing and Urban Development Secretary Shaun Donovan today announced that HUD is approving plans submitted by state
housing finance agencies for $1,035,322,485to jump start affordable housing programs in states throughout the countrythat are currently stalled due
to the economic recession. Funded through American Recovery and Reinvestment Act of 2009 (Recovery Act), HUD's new Tax Credit Assistance Program
(TCAP)will allow 26 state housing finance agencies to resume funding of affordable rental housing projects across the nation while stimulating
employment in the hard-hit construction trades. Read more from this post.
Posted on June 30, 2009 7:11 PM
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