In April of this year, the California Tax Credit Allocation Committee (TCAC) announced it would conduct a single competitive funding round for 9% and 4%-plus-state low-income housing tax credit applications. In order to accommodate applicants who had planned to apply for second round consideration, TCAC regulations were adopted allowing applicants to provide specified information by August 17, 2009. Specifically, applicants could submit public funding awards, evidence of entitlements and local approvals, including environmental approvals by August 17, 2009. Entitlement and environmental approvals include the expiration of any appeal periods and resolution of any issues by that same date. TCAC reminds all applicants that TCAC must receive on or before 4:00 p.m. Monday, August 17, proof of committed local funding, entitlements, and complete environmental approvals. TCAC will accept hand delivered or express mail packages received by 4:00 p.m. on August 17 ONLY. Applicants choosing to send via fax should address to the attention of Diana Hester at (916) 654-6033. TCAC will not accept this paperwork via e-mail. If you already have your local funding entitlements and/or environmental approvals, please submit those right away. If you know you will be unable to meet the August 17th deadline, please contact your regional analyst immediately. Read More…