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The Tax Credit Assistance Program (TCAP) is a Federal housing grant program administered by HUD which assists Low Income Housing Tax Credit (LIHTC) projects funded during 2007, 2008 and 2009. The TCAP program is part of the American Recovery and Reinvestment Act which was signed by President Obama on February 17, 2009.
Rental Allowance Program (RAP) - Funded and regulated by the Maryland Department of Housing and Community Development and provides grants to local governments to assist low-income families that are homeless or experiencing a housing emergency. Assistance is provided through fixed, short-term monthly rent subsidies and case management to help ...
Staff is trained to screen individuals for the benefits and services for which they may be eligible as well as provide assistance in accessing those resources. Single Stop's initiatives focus on creating financial stability for such specific low-income populations as community college students and veterans. On campus, Single Stop assists ...
Maryland Secretary of Housing and Community Development Jake Day indicated last month there is a shortage of at least 96,000 units in the state. In February of last year, Maryland Realtors, a ...
The LIHTC provides funding for the development costs of low-income housing by allowing an investor (usually the partners of a partnership that owns the housing) to take a federal tax credit equal to a percentage (either 4% or 9%, for 10 years, depending on the credit type) of the cost incurred for development of the low-income units in a rental housing project.
The Maryland Supplemental Nutrition Assistance Program (SNAP) provides monthly benefits to low-income households. SNAP is administered by the Maryland Department of Human Services and benefits are...
(Sec. 133) Requires housing credit agencies to: (1) provide for a comprehensive market study (by a disinterested party, at the developer's expense) of the housing needs of low-income individuals in the area to be served by the project before the credit allocation is made; and (2) make public a written explanation for any allocation of a housing ...
Legislation backed by Maryland Gov. Wes Moore and members of the business community aims to streamline the regulatory process. What to know.