The Maryland Department of Housing and Community Development recently announced that it will postpone its scheduled October 2009 competitive funding round until early 2010, with applications due in February — an exact due date will be determined at a later date. The decision to postpone the October funding round is based on the ongoing volatility of the low-income housing tax credit (LIHTC) market, limited availability of LIHTCs, and the need for current projects to reach closing.