Tax Credit Assistance Program (TCAP) and Tax Credit Replacement Program (TCR)

MHDC’s Asset Management Department is responsible for monitoring the compliance for the Tax Credit Assistance Program (TCAP) and Tax Credit Replacement Program (TCR) as created by the American Recovery and Reinvestment Act of 2009. Outlined below are procedures on how MHDC will be implementing the program for compliance purposes. These requirements are for all properties receiving gap financing from these two programs.

• Notice
• Asset Management and Compliance Monitoring Manual 
• Public Law 111-5
• FAQ TCAPTCP Program Requirements