VHFA is seeking comments on its competitive priorities for the new Tax Credit Assistance Program (TCAP).
TCAP is part of the American Recovery and Reinvestment Act (ARRA), signed into law by President Obama on Feb. 17.
The act includes a number of enhancements to the Low Income Housing Tax Credit program for fiscal years 2007-09, including TCAP and the Credit Exchange Program, also known as Monetized Credit.
ARRA includes $5.4 million for Vermont properties that received Housing Credit allocations in 2007-09. VHFA will award those funds based on these competitive priorities.