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Model Legal Documents
Tax Credit Assistance Program
The Authority is posting initial form documents for review and comment. The documents referenced and linked below are intended to be used to secure loans financed with federal Tax Credit Assistance Program (TCAP) funds. This will include subordinate loans under the Authority's 4% Equity Support Program and 9% Equity Support Program.
- Two forms of a TCAP Commitment, including
- TCAP Note ;
- TCAP Mortgage;
- Three alternative versions of a TCAP Regulatory Agreement:
- Two forms of an intercreditor agreement for use in the 9% Equity Support Program, including
- Guaranty (PENDING): The Authority anticipates requiring personal and/or corporate guarantees from the underlying sponsors (i.e. not just the single asset general partner entity) related to repayment of the TCAP loan, repayment of any federal recapture obligation, and financial operations of the development. The document is not, however, ready for publication at this time.
Section 1602 Program (i.e. monetized tax credits)
Regulatory Agreement(Posted 9/30/09)
TEAM Regulatory Agreement (Posted 9/30/09)
Section 8 Regulatory Agreement(Posted 9/30/09)
TEAM Commitment(Posted 9/30/09)