The Florida Housing Finance Corporation has published guidelines for the issuance of RFPs for the low-income housing tax credit assistance (TCAP) and Exchange programs, provided for by the American Recovery and Reinvestment Act. The guidance provides eligibility and selection criteria and describes general procedures, restrictions and requirements for both programs.
In addition, Florida Housing has issued specific regulations for the project selection process and criteria under the Tax Credit Assistance Program. The document provides details on threshold eligibility, application process, selection criteria, underwriting standards, post-award and loan conditions, reporting and compliance standards, and cross-cutting federal requirements.
