New HUD Guidance Sheds More Light on the Tax Credit Assistance Program
09/21/2009
There is additional TCAP guidance available relating to Projects with an Existing Environmental Review, released on September 4, 2009. This guidance follows up TCAP Notice CPD-09-03 released in May of 2009. Two options are available to TCAP grantees when HUD staff has already performed an environmental assessment for another HUD program. One option is for the state to designate a qualified state instrumentality, such as the TCAP grantee, to conduct the environmental review for TCAP projects. The second option is to invoke the provisions of Section 58.11 (c) - Legal Capacity. This would allow the HUD Field Office Staff (Environmental Officers or CPD program staff) to perform the second review under the provisions of Part 50. To read more on the above information, click here.