The Employer Assisted Housing Tax Credit Program no longer exists.

Recently enacted State legislation pursuant to PA 06-186, An Act Requiring a Study of Budgeted Agencies with Respect to the Expenditures and Revenues of State Agencies, has made changes to the State Housing Tax Credit Contribution (HTCC) Program as follows:

• An increase in the funding available to the State Housing Tax Credit
   Contribution Program from $5,000,000 to $10,000,000.

• A $100,000 increase in the amount an organization conducting a housing
    program is eligible to receive from $400,000 to $500,000 annually for any
    fiscal year.

• An increase in the annual set-aside from $1,000,000 to $2,000,000 for the
   Supportive Housing PILOTS Initiative or the Next Steps Initiative. The
   Supportive Housing Next Steps Initiative will provide state funding
   for service supported housing serving homeless or at-risk families, and
   individuals with mental illness or chemical dependency. It is a component
   of a major State mental health initiative.

• $1,000,000 set-aside for workforce housing. Workforce housing is defined
    as affordable housing for low- and moderate-income wage or salaried
    workers in the municipalities where they work. This program provides
    housing assistance to individuals to purchase or rent workforce housing.

The changes enacted by this legislation are effective July 1, 2006.

Please refer to the State Housing Tax Credit Contribution Program.