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ML 09-24: Housing Tax Credit Coordination Act of 2008

The Housing and Economic Development Recovery Act of 2008 (HERA) became Public Law 110-289.  Title VIII of HERA, in subtitle B, cited as the "Housing Tax Credit Coordination Act of 2008," made changes to the multifamily programs of the Federal Housing Administration (FHA) to facilitate the use of such programs with Low-Income Housing Tax Credits.  Now, under the authority of HERA, HUD will be able to further promote the use of FHA programs with Low-Income Housing Tax Credits.  Mortgagee Letter 2009-24 describes the additional authority granted under HERA and the Department's implementation of Sections 2832 and 2834 of the Act.

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