New Jersey
HUD Announces First Round of TCAP Awards
U.S. Department of Housing and Urban Development Secretary Shaun Donovan yesterday announced that HUD has approved requests from 26 states for over $1 billion in funding through the Tax Credit Assistance Program (TCAP), provided by the American Recovery and Reinvestment Act of 2009 (ARRA).
New Jersey Publishes Draft Selection Criteria for TCAP
New Jersey’s Housing & Mortgage Finance Agency has published guidelines for the tax credit assistance program (TCAP), including project eligibility, selection criteria, awards process, commitment and expenditure deadlines and federal grant requirements.
States’ ARRA Resource Page
NH&RA will continue to update the ARRA resource page below as information is made available.
New Jersey’s Historic Tax Credit Bill Passes Environmental Committee
The New Jersey Assembly’s proposed Historic Property Reinvestment Act (A791) recently passed the Assembly’s Environment and Solid Waste Committee by a unanimous vote and is scheduled for hearings with the Appropriations Committee and Senate Wagering, Tourism & Historic Preservation Committee.
New Jersey QAP Incorporates NCAHMA Guidelines
The New Jersey Housing and Mortgage Finance Agency will now require analysts conducting market studies for proposed LIHTC projects in New Jersey to certify that “he or she is a certified member of the National Council of Affordable Housing Market Analysts.”
New Jersey Proposes Revised 2009 QAP
The New Jersey Housing and Mortgage Finance Agency has issued its draft 2009 qualified allocation plan (QAP) and market study guidelines for its low-income housing tax credit program.