In a recent Forbes.com article, author Richard Burns aptly outlines the benefits for both investors and the community.
Information about the Housing Tax Credit Pre-application and Pre-application fees is included in the 2020 Multifamily Programs Procedures Manual.
Undercounts can have a significant impact on states and communities, because government funding allocations are often based on population estimates from the U.S. Census.
The Texas Department of Housing and Community Affairs (TDHCA) Multifamily Finance Division has posted the final 2019 Competitive HTC Awards List
2020 Census Results Will Have Substantial Impact on Affordable Housing Program Allocations for Texas
Every 10 years, the U.S. Census Bureau carries out a constitutionally mandated count, or Census, of the nation’s residents. The U.S. population count is used to determine how much funding local communities and states receive for public services, such as the Housing Tax Credit program (HTC), HOME, and CDBG. Stated by CPPP, “billions of dollars in federal aid depends on the accuracy of the Census, including significant support for health care, housing, transportation, food, and more. Being undercounted by even one percent in 2020 could result in a significant loss in federal funding for Texas – at least $300 million a year.” Additionally, the population count determines how many seats each state gets in Congress and state and local officials use the census counts to draw boundaries for congressional, state legislative, and school districts.