The California Tax Credit Allocation Committee (CTCAC) has released the final proposed regulation changes to the CPA Final Cost Certification Requirements and Market Study Requirements for the current 2013 program year. These changes will be submitted to the Committee for consideration and adoption on May 15, 2013. The proposed changes include requiring the CPA to certify their independence, expanding market study waiver provisions, extending the value-ration waiver provisions, and allow market study forbearance for scattered-site projects receiving a market study waiver from California Debt Limit Allocation Committee (CDLAC). TCAC has also released a summary of the comments received, TCAC staff’s responses to those comments, and any revised proposed changes.

Click here to read the final proposed changes.