The National Council of Affordable Housing Market Analysts (NCAHMA) recently hosted a training seminar on January 12 in Sacramento for staff members of the California Tax Credit Allocation Committee and California Debt Limit Allocation Committee. The training provided an overview of recommended practices for conducting market studies for projects to be financed by low-income housing tax credit and/or tax exempt bonds, and compared NCAHMA’s recommended guidelines with those employed by the California allocating agencies.
The California training is the latest in a series of training sessions that NCAHMA has held for various state agencies, including Minnesota, Mississippi, New York, Indiana, and New Jersey. To date, more than 20 state allocating agencies have adopted NCAHMA’s market study guidelines as part of their low-income or multifamily housing programs.
For more information on NCAHMA and its resources, click here.