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Apply for Grants to States for Low-Income Housing Projects in Lieu of Low-Income Housing Tax Credit Allocations for 2009
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The Treasury Department is now accepting Applications from Designated State Housing Credit Agencies for Grants to States for Low-Income Housing Projects in Lieu of Low-Income Housing Credits for 2009. To apply:
- Read the Application Package
- Complete the Application Form
- Sign the Terms and Conditions
- Complete the Direct Deposit Sign-Up Form and Primary Contact Form
- Email the completed Application Form and Signed Terms and Conditions to 1602Apply@do.treas.gov
- Mail, by overnight delivery, the completed Direct Deposit Sign-Up Form and Primary Contact Form to:
Section 1602 Program
The U.S. Department of the Treasury
1500 Pennsylvania Ave, NW
Room 2112
Washington, DC 20220
(202) 622-0570
Interim Rule
For more information, read the Low
Income Housing Grants in Lieu
of Tax Credits Fact Sheet and
the new Program
Description .
QUESTIONS? Please email any questions you may have to 1602Questions@do.treas.gov.
To view answers to frequently asked questions, click here
To view the current summary of State Housing Credit Agencies’ quarterly reports, click here
View previous State Housing Credit Agencies’ quarterly reports:
March, 2010
December, 2009
September, 2009
Last Updated:
July 27, 2010
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| Find Out How to Apply For:
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Payments for Specified Energy Property in Lieu of Tax Credits |
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Grants |
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Contracts |
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Low Income Housing Grants in Lieu of Tax Credits |
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| Build America Bonds Program
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Learn more about the program |
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IRS guidance |
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| Bureau Resources |
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Community Development Financial Institutions |
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Financial Management Service (FMS) |
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Internal Revenue Service |
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Public Debt's Recovery Act Page |
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Inspector General |
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TIGTA |
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Lobbyist Disclosure |
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| Reporting Fraud and Waste |
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Relating to IRS Recovery Act fraud, please click here |
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Relating to non-IRS Recovery Act fraud, please click here |
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| NEWS CLIPS |
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June 9, 2010
American Prospect: Building a Better Bond
The most toxic word in politics today is "bailout," and Sen. Chuck Grassley had no qualms about deploying it to describe the Build America Bonds program. According to the senator, it's just one more way to funnel taxpayer money to the banks and to profligate local government. A Washington Post article followed, focusing on fees major banks earned through the program. That's the only article the Post has run on Build America Bonds since its inception over a year ago. This is telling, given that, despite recent criticisms, it is one of the most successful programs of the American Recovery and Reinvestment Act, spurring productive investment, job creation, and creating a more progressive and democratic method of local finance. The idea that this is any kind of bailout is misguided at best. (Read the full article).
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May 17, 2010
The Hill: Treasury hails Build America Bonds a success
The Treasury Department on Thursday showed that nearly $97 billion in Build America Bonds have been issued through Apr. 30, a figure that constitutes 21 percent of municipal bond market. (Read the full article)
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