In 2009, the State of Louisiana received approximately $39,383,397 in TCAP funds from HUD. The Agency has allocated nearly $36 million, with approximately $3 million of TCAP funding remaining due to developers returning previously allocated funds. The Louisiana Housing Finance Authority has announced a strategy to allocate the remaining TCAP funds for increases in costs for existing LIHTC projects. The maximum request per project will be $1 million. Projects that received an allocation of LIHTC between October 1, 2006 and November 30, 2009 are eligible to apply. Applications are due by August 25. Read More…