All posts by Kaitlyn Snyder

Updates on CRA Reform: Senate Votes Down CRA Disapproval Bill, Fed’s Proposal Published in Federal Register

On Monday, the Senate voted down a motion to consider the House-passed resolution of disapproval (H.J. Res. 90) to nullify the Office of the Comptroller of the Currency’s new rule on Community Reinvestment Act (CRA). The Federal Reserve’s advanced notice of proposed rulemaking was officially published in the Federal Register. Comments are due by February 16, 2021; NH&RA will submit comments and encourages our members to do so as well.

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California Holds Owner and Management Training Classes

California Tax Credit Allocation Committee (TCAC) will conduct an Owner and Management Training Class for those owners who have received a reservation of tax credits but lack documented experience and are required to complete training prior to the project’s placing in service. The training is also for property management companies required to complete this training as indicated in the TCAC staff report.

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