Texas Department of Housing & Community Affairs - Building Homes and Strengthening Communities

Tax Credit Assistance Program (TCAP)

Announcements

  • TCAP Loan Payment information can be provided by the Financial Services division. Please contact:

    Monica Campos-Guerra
    Financial Services Processor
    monica.guerra@tdhca.state.tx.us
    (512) 475-1051
  • TCAP Loan Status Certificates (Estoppels) and Audit Confirmations are processed by the Loan Servicing division. Please contact:

    Melissa Whitehead
    Senior Loan Servicing Coordinator
    melissa.whitehead@tdhca.state.tx.us
    (512) 475-3349

  • TCAP Development Owners with a Surplus Cash Note or Tax Credit Replacement Note are required to submit documentation to support the payment amount calculated for the current period. Owners will receive a letter from TDHCA’s Asset Management division detailing the payment calculation method and requesting at a minimum:

    • Current draft financial statements with most recent Audited financial statements;
    • HUD Note & Regulatory Agreement (if applicable); and
    • Rent roll showing name, unit number, move-in date, current rent and any rent assistance.

    For additional information, please contact:

    Cari Garcia
    Manager of Asset Management
    cari.garcia@tdhca.state.tx.us
    (512) 475-0577

Federal Agency:

US Housing and Urban Development (HUD)

Modeled After This Existing Program:

HOME Investments Partnership Program and the Housing Tax Credit (HTC) Program

Total National Funding Provided in the Recovery Act:

$2,250,000,000

Estimated TDHCA Annual Amount Before the Recovery Act:

$42,000,000 in general HOME Program funds

Supplemental TDHCA Amount (in addition to “before” amount above):

$148,354,769

Program Background and Specifics:

Timeline:

President Obama signs the American Recovery and Reinvestment Act of 2009 February 17, 2009
HUD Allocation February 25, 2009
Roundtable Discussion -- Multifamily Finance & ARRA March 2, 2009
TDHCA Board Meeting -- Discussion of Recovery Act HTC Funding March 12, 2009
Publication of TCAP Plan, Policy & Policy Supplement for Public Comment May 15, 2009
TDHCA Board Meeting -- Approval of TCAP Plan, Policy & Policy Supplement May 21, 2009
Deadline for TDHCA TCAP Application to HUD June 3, 2009
Start of Round 1 TCAP Application Acceptance Period June 15, 2009
TCAP Application Workshop -- Dallas July 7, 2009
TCAP Application Workshop -- Houston July 9, 2009
End of Round 1 TCAP Application Acceptance Period July 17, 2009
HUD Executes TDHCA TCAP Funding Agreement July 23, 2009
Start of Round 2 TCAP Application Acceptance Period August 3, 2009
TDHCA Board Meeting -- TCAP Conditional Commitments September 3, 2009
End of Federal FY 2009, Last Day for HTC Awards Allowing for TCAP Eligibility September 30, 2009
End of Round 2 TCAP Application Acceptance Period October 1, 2009
Multifamily Environmental Procedures, Davis Bacon Labor Standards Training October 20, 2009
Publication of Final TDHCA TCAP Written Agreement November 19, 2009
Placed in Service Deadline for 2007 HTC Awardees December 31, 2009
TCAP Subgrantee’s Initial ARRA General Info Quarterly Report January 5, 2010
Department Must Commit 75% of Funds February 16, 2010
TDHCA Board Meeting -- Approval of Round 3 TCAP Application Cycle March 11, 2010
Start of Round 3 TCAP Application Acceptance Period March 25, 2010
TCAP Webinar – TDHCA Housing Contract System March 31, 2010
TCAP Subgrantee’s ARRA General Info Quarterly Report April 5, 2010
End of Round 3 TCAP Application Acceptance Period April 26, 2010
TCAP Subgrantee’s ARRA General Info Quarterly Report July 5, 2010
TDHCA Board Meeting -- Approval of Round 4 TCAP Application Cycle July 8, 2010
Start of Round 4 TCAP Application Acceptance Period July 16, 2010
TCAP Conference Call – ARRA Reporting September 29, 2010
TCAP Subgrantee’s ARRA General Info Quarterly Report October 5, 2010
TCAP Conference Call -- 75% Expenditure Deadline December 8, 2010
End of Round 4 TCAP Application Acceptance Period December 31, 2010
Placed in Service Deadline for 2008 HTC Awardees December 31, 2010
TCAP Subgrantee’s ARRA General Info Quarterly Report January 5, 2011
Property Owners Must Submit 75% Draw Request Supported by TCAP-Eligible Expenditures January 14, 2011
Property Owners Must Expend 75% of Funds February 16, 2011
TCAP Subgrantee’s ARRA General Info Quarterly Report March 5, 2011
TCAP Subgrantee’s ARRA General Info Quarterly Report July 5, 2011
TCAP Subgrantee’s ARRA General Info Quarterly Report October 5, 2011
Project Completion Deadline for All TCAP Subgrantees November 30, 2011
Final Draw Submission Deadline for All TCAP Subgrantees November 30, 2011
Placed in Service Deadline for 2009 HTC Awardees December 31, 2011
TCAP Subgrantee’s ARRA General Info Quarterly Report January 5, 2012
Department Must Expend 100% of Funds February 16, 2012
TCAP Subgrantee's Final ARRA General Info Quarterly Report April 5, 2012

Program Logs:

Program Policy Documents:

Other Program Resources:

Disclaimer: The TDHCA estimates are based on an initial analysis of ARRA and other sources and do not take into account federal rules, which may be developed by the respective federal agency responsible for these funds, and may have a direct bearing on the amount of funds made available to TDHCA and Texas. TDHCA has attempted to use existing formulas as a basis for establishing estimates of the amount of funds however the Department believes that significant adjustments will be made that will have either positive or negative impact on the final funding amounts.