# Distribution of Tax Credit Proceeds
> **US Department of Housing and Urban Development** · Final rule. · Published 2004-12-14 · Effective 2005-01-13 · 69 FR 74894
## Document
- **Document number:** 04-27208
- **Category:** hud-other
- **Agency:** US Department of Housing and Urban Development
- **Federal Register citation:** 69 FR 74894
- **CFR reference:** 24 CFR 200
- **Publication date:** 2004-12-14
- **Effective date:** 2005-01-13
- **Docket:** Docket No. FR-4792-F-02
## Abstract

This rule adopts as final an interim rule that amended the Department's regulations with respect to funding for project completion. The regulatory change allows the proceeds from syndication of low-income housing tax credits and historic tax credits to be treated in the same manner as loan or grant funding provided through federal, state, or local government agencies. This final rule follows an interim rule that was published in the Federal Register of July 30, 2003. Two comments were received in response to the interim rule's invitation for public comment. After careful consideration of the two comments received, HUD is adopting the interim rule without change.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2004/12/14/04-27208/distribution-of-tax-credit-proceeds)
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