[Federal Register Volume 74, Number 150 (Thursday, August 6, 2009)]
[Notices]
[Page 39335]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-18800]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5308-N-02]


Notice of Availability: Implementation of the Tax Credit 
Assistance Program (TCAP) Changes and Clarifications

AGENCY: Office of the Assistant Secretary for Communnity Planning and 
Development, HUD.

ACTION: Notice.

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SUMMARY: On May 4, 2009, HUD posted on its Web site a notice 
establishing the submission requirements, eligible uses, fund 
commitment and expenditure deadlines, fund distribution, and other 
requirements for the Tax Credit Assistance Program (TCAP) authorized by 
section 2, Division A, Title XII of the American Recovery and 
Reinvestment Act of 2009 (Pub. L. 111-5, approved February 17, 2009). 
Through this document, HUD announces that it has posted on its Web site 
a revised notice that changes and clarifies a number of TCAP program 
requirements established in the document posted on May 4, 2009. The 
changes to the notice include the expansion of the definition of 
eligible TCAP projects to include projects that have received or will 
receive Gulf Opportunity Zone and Midwestern Disaster Area Housing 
Credits, as provided for under section 1204 of the 2009 Supplemental 
Appropriations Act (Pub. L. 111-32, approved June 24, 2009). The 
revised notice also provides for the use of additional reporting 
information that has now become available from both the Department and 
the Office of Management and Budget, and the addition of acquisition, 
on-site demolition costs, and hazardous material remediation costs to 
the eligible TCAP program costs. Please see the revised document for 
all changes made. The revised notice is available on the HUD Web site 
at: http://www.hud.gov/recovery/tax-credit.cfm.

FOR FURTHER INFORMATION CONTACT: Clifford Taffet, Director, Office of 
Affordable Housing, Office of Community Planning and Development, 
Department of Housing and Urban Development, 451 7th Street, SW., Room 
7162, Washington, DC 20410-3000; telephone 1-800-998-9999. Hearing- or 
speech-impaired individuals may access the voice telephone number 
listed above by calling the toll-free Federal Information Relay Service 
during working hours at 800-877-8339.

    Dated: July 30, 2009.
Nelson R. Breg[oacute]n,
General Deputy Assistant Secretary for Community Planning and 
Development.
[FR Doc. E9-18800 Filed 8-5-09; 8:45 am]
BILLING CODE 4210-67-P