U.S. Department of Housing and Urban Development has released a report of its Tax Credit Assistance Program (TCAP) activities that provides the amount of funds committed and dispersed for TCAP-funded projects, and total grant commitments for state housing agencies. As of December 5, 2009, HUD had committed approximately 28% and dispersed less than 3% of the total requested grant amount. HUD has committed approximately 13% and dispersed just 1.3% of its total TCAP appropriation. Read more…