The U.S. Department of the Treasury recently announced its second round of funding through the low-income housing tax credit exchange program, provided by the American Recovery and Reinvestment Act (ARRA) of 2009. In its announcement, Treasury allocated approximately $268 million in funding intended to spur the development of affordable housing units in Indiana, Missouri, Tennessee, and Washington DC.
- $164 million in Indiana;
- $17 million in Missouri;
- $53 million in Tennessee; and
- $33.7 million in the District of Columbia
