TDHCA Press Room
Community Input Matters to TDHCA’s Housing Tax Credit Program
The Housing Tax Credit (HTC) Program helps finance the development of attractive, high quality affordable rental housing through partnerships with private developers. Properties financed through the program must reserve specific numbers of units for income eligible tenants and cap rents at set levels to ensure affordability.
In addition to a reduced rent, most properties also offer supportive services tailored to tenants’ needs, such as after school child care, computer and GED classes, consumer credit counseling, and other programs. TDHCA provides oversight authority for health, safety, and program compliance for up to 30 years to make certain developers maintain the program’s high standards.
The HTC Program is extremely competitive. The Department currently has 387 pre-applications seeking $473 million in tax credits in the 2012 allocation cycle. The State, however, has only an estimated $44 million in credits to allocate. Full applications are due March 1, of this year. The final funding decision will be made by TDHCA’s Governing Board in July 2012.
Public Comment
The Texas Department of Housing and Community Affairs (TDHCA) will be holding hearings throughout the state in the first two weeks of April on applications received for 2012 Housing Tax Credit Programs. Once finalized, the hearing schedule will be posted to TDHCA’s online calendar.
Texans wanting to provide comment on applications are encouraged to attend the public hearings. Those wishing to provide comment but who are unable to attend the hearings may provide written comment through June 1, 2012. Comment received on or before this date will be included in the information provided to the TDHCA Governing Board when final funding decisions are being made.
Written comment should be addressed to:
Multifamily Finance Production Division
Texas Department of Housing and Community Affairs
P.O. Box 13941 Austin, Texas 78711-3941
Fax: (512) 475-0764
Email: info@tdhca.state.tx.us
Frequently asked questions (FAQs) regarding the HTC program.
2012 Competitive HTC Pre Application Submission Log (XLS)
