The South Carolina State Housing Finance & Development Authority has issued a Low Income Housing Tax Credit Program Bulletin to updates its 2009 LIHTC Manual. The bulletin changes the tax credit award cap for its 2009 funding round for a Single Applicant/Related Parties/ Principal/ Owner from $2.2 million in LIHTCs to a principal involved with multiple developments, to $2.4 million. Additionally, the bulletin makes two clarifications regarding (a) projects seeking the historic set-aside and (b) utility allowances.  read more…