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for Multifamily Rental Housing Developers

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"Governor Signs Bill that expands the HTCC Program Set-Aside for Supportive Housing Initiatives"

HTCC Update

Date Posted: Monday, June 28, 2010
 
To all 2010 Housing Tax Credit Contribution (“HTCC”) program applicants:
 
The Governor signed Senate Bill 501 "An Act Concerning the Real Estate Conveyance Tax, the Conveyance of Certain Parcels of State Land, Adjustments to Certain Programs Implemented through the Department of Social Services, a Report on Tax Credits, Juvenile Justice, Absentee Voting by Members of Military, Revisions to Various Task Forces, Commissions and Councils, and Amendments and Minor and Technical Changes to Certain Special and Public Acts of the 2010 Regular Session.”
           
Section 19 of Senate Bill 501 amends Section 8-395 (h) of the Connecticut General Statutes pertaining to the HTCC program.  Effective July 1, 2010, the set-aside for Supportive Housing is expanded beyond the Supportive Housing Pilots Initiative and Next Steps Initiative to include any supportive housing initiative.
As a reminder, HTCC applications are due July 1, 2010 by 4:00 pm.