The California Debt Allocation Committee (CDLAC) and Tax Credit Allocation Committee (CTCAC) boards will consider proposed regulation changes on October 21, 2015. According to a notice from CDLAC, the regulations will not apply to any 2015 deals awarded bonds or tax credits in 2015, which includes the December Round. Applications for the December Round of funding are due October 16.
CDLAC anticipates making application materials available in the second week of November 2015 for CDLAC Applicants that wish to preserve a project’s 2015 Difficult Development Area (DDA) status. These particular applications must be submitted to CDLAC no later than December 15, 2015.
