TDHCA announces availability of $5 million in supplemental tax credits for 2019 and 2020 Housing Tax Credit Deals

Deals facing financial constraints due to market conditions may apply for additional credits
Every $1 in supplemental credits will reduce the developer’s 2022 cap by $1.50 per credit
A maximum of $5 million of 2022 credits has been reserved for the supplemental allocation which will be divided based on a regional allocation formula with each region getting no less than $40,000
The maximum allocation a deal can receive is 15% of its original allocation amount (i.e. $225,000 if you had a $1,500,000 allocation

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