DCA | Tax Credit Assistance Program (TCAP)

Promoting Housing Options >> Housing Development

Tax Credit Assistance Program (TCAP)

Office of Affordable Housing

General Program Description

The Tax Credit Assistance Program (TCAP) authorizes HUD to address financing gaps in eligible Low Income Housing Tax Credit (LIHTC) projects via a formula-based allocation to State housing credit allocation agencies. The housing credit agencies in each State shall distribute these funds competitively and according to their qualified allocation plan. Projects awarded low income housing tax credits in fiscal years 2007, 2008, or 2009 are eligible for funding, but housing credit agencies must give priority to projects that are expected to be completed by February 2012. Seventy-five percent of TCAP funds must be committed by February 2010, 75 percent must be expended by February 2011, and 100 percent of the funds must be expended by February 2012. Georgia has received an allocation of $54,481,680. A list of selected TCAP projects is provided in the "Selected TCAP Projects" section below.

1512 Reporting Requirements

All recipients of TCAP funding MUST comply with 1512 Reporting Requirements. DCA requires that each project have a designated 1512 representative and a backup that are responsible for completing and submitting to DCA all quarterly reports and related documentation as prescribed by DCA.

TCAP Project Set Up Report (xls) - 1/20/11

Federal Compliance

HUD Recovery - TCAP

Section 1512 Jobs Reporting Overview

Section 504

Environmental Clearance Documentation

National Environmental Policy Guidance

DCA HUD HOME/TCAP/NSP Environmental Review Process

Draw Procedures

ARRA Draw Procedures

DCA Federal Compliance Manual

Closing Documentation

ALTA Survey Requirements

Draft TCAP Loan Agreement (pdf) - 07/13/2009

Contact Information

Email for Recovery Questions.

Georgia Department of Community Affairs
60 Executive Park South, N.E.
Atlanta, Georgia 30329-2231







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	Enabling Economic Development Promoting Housing Options Community Development Block Grant (CDBG) Homeownership Rental Assistance Housing Development Homeless & Special Needs Community Initiatives Fostering Sustainable Development		Promoting Housing Options >> Housing Development Tax Credit Assistance Program (TCAP) Office of Affordable Housing Program \| Related Links General Program Description The Tax Credit Assistance Program (TCAP) authorizes HUD to address financing gaps in eligible Low Income Housing Tax Credit (LIHTC) projects via a formula-based allocation to State housing credit allocation agencies. The housing credit agencies in each State shall distribute these funds competitively and according to their qualified allocation plan. Projects awarded low income housing tax credits in fiscal years 2007, 2008, or 2009 are eligible for funding, but housing credit agencies must give priority to projects that are expected to be completed by February 2012. Seventy-five percent of TCAP funds must be committed by February 2010, 75 percent must be expended by February 2011, and 100 percent of the funds must be expended by February 2012. Georgia has received an allocation of $54,481,680. A list of selected TCAP projects is provided in the "Selected TCAP Projects" section below. Program Description and Term Sheet TCAP Program Term Sheet (pdf) - 1/19/2010 Georgia Application and Award Process for TCAP Cost Analysis and Energy Efficiency Review Procedures Approved Contractor List TCAP Fee Policy (pdf) - 1/4/10 Selected TCAP Projects 2008AR-068 Riverview Heights (fka Oconee Park) 2008AR-060 Adamsville Green 2008AR-008 Baptist Tower 2008AR-074 Baker Village 2009AR-001 Columbia Hill 2008AR-065 Tower at Dorsey Manor 2007AR-0461 Seven Courts 2008AR-059 Sustainable Fellwood II 2009AR-006 Woodlawn Terrace 2009AR-023 Sustainable Fellwood III 2009AR-502 Flipper Temple 2009AR-002 Etowah Terrace TCAP Potentially Eligible Projects (xls) 9/30/09 1512 Reporting Requirements All recipients of TCAP funding MUST comply with 1512 Reporting Requirements. DCA requires that each project have a designated 1512 representative and a backup that are responsible for completing and submitting to DCA all quarterly reports and related documentation as prescribed by DCA. TCAP Project Set Up Report (xls) - 1/20/11 Federal Compliance HUD Recovery - TCAP Section 1512 Jobs Reporting Overview Section 504 Environmental Clearance Documentation National Environmental Policy Guidance DCA HUD HOME/TCAP/NSP Environmental Review Process Draw Procedures ARRA Draw Procedures DCA Federal Compliance Manual DCA Federal Compliance Manual Closing Documentation ALTA Survey Requirements Draft TCAP Loan Agreement (pdf) - 07/13/2009 Related Links Recovery.gov HUD Recovery Dun and Bradstreet Central Contractor Registration (CCR) Treasury Recovery Georgia Recovery Selected OAH ARRA Projects Office of Affordable Housing OAH Funding Round Web Pages Neighborhood Stabilization Program Recovery Zone Economic Development Bonds Archives TCAP Loan Term Sheet (pdf) - 5/12/09 Notice to TCAP Contact Information Email for Recovery Questions. Georgia Department of Community Affairs 60 Executive Park South, N.E. Atlanta, Georgia 30329-2231
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General Program Description

Program Description and Term Sheet

Georgia Application and Award Process for TCAP

Selected TCAP Projects