The California Tax Credit Allocation Committee (TCAC) has since 2009 approved the use of the California Utility Allowance Calculator (CUAC) as a means for developers of new Low Income Housing Tax Credit (LIHTC) projects to determine tenants’ utility allowances. The approved procedures have required that when accounting for the input from photovoltaic (PV) systems, consultants are to use the monthly kWh estimates from the “CEC PV Calculator”, the software associated with the New Solar Homes Program (NSHP). At the request of the solar and affordable housing communities, TCAC has recently expanded the approved use of the CUAC to existing LIHTC projects that have added or are adding PV through the Multifamily Affordable Solar Home (MASH) program.
Related Posts
Connecticut Posts HTCC FAQs
The Connecticut Housing Finance Authority posted frequently asked questions to its 2024 Housing Tax Credit Contribution (HTCC) program.
Nebraska Holds Nine Percent Application Workshops – April 24 & May 3
The Nebraska Investment Finance Authority will hold Q&A workshops on its 2025 nine percent application on April 24 and May 3 at 1 p.m. and 1:30 p.m. CT, respectively.
Kentucky Updates 2024 Multifamily Development Cost Containment Limits
The Kentucky Housing Corporation updated the cost containment limits for 2024.
Comments on North Dakota’s Action Plan Due May 13
The North Dakota Housing Finance Agency is accepting comments on its draft 2024 Annual Action Plan, which provides a summary of the actions, activities and specific federal and non-federal resources that will be used during the year to address priority needs and goals identified in the Consolidated Plan.