California Archives

California Tag Archives

Merritt Community Capital Closes Fund XXII, its Biggest to Date

June 9, 2021 | Member News

Merritt Community Capital said it has closed the first round for Fund XXII, so far raising $102 million that will finance nine projects and create 452 affordable homes across California.

Hunt Closes on $8.5 Million Financing in California

June 9, 2021 | Member News

Hunt Capital Partners announced that it and developer D.L. Horn and Associates have closed on more than $8.5 million in federal Low Income Housing Tax Credit equity financing for the acquisition and rehabilitation of 163 units of affordable multifamily housing in Palm Desert.

CREA Closes California Fund for 444 Affordable Homes

June 8, 2021 | Member News

CREA LLC announced it successfully closed California Tax Credit Fund 84, LP (Fund 84) totaling $132 million of investor equity, which will finance eight affordable housing developments across the state of California. CREA said the impact made by the new and rehabilitated affordable housing properties represents the creation of 444 homes

California Assembly Passes Bill Creating State Appeals Committee for Affordable Housing

June 8, 2021 | General News

The California state assembly passed the Housing Accountability Act (AB 989), which would create a state Housing Accountability Committee to adjudicate violations of the Housing Accountability Act and give the committee the authority to overturn denials or conditions of approval that are not consistent with the Act. This provides a quicker, less expensive, less confrontational and more consistent alternative to enforcing state housing laws in court, resulting in more affordable homes built at lower cost.

California May Budget Revision

May 19, 2021 | General News

Gov. Gavin Newsom (D) issued his 2021 May Revision for the California budget with a number of provisions.

California Public Hearing – May 19

May 12, 2021 | Qualified Allocation Plans

The California Tax Credit Allocation Committee (TCAC) will hold a public hearing on its draft proposed regulation changes at 1:30 p.m. CT on May 19. Join the meeting by dialing (888) 557-8511, code: 5651115. Comments are due to Anthony Zeto by May 31.

California HCD Welcomes Ryan Seeley, Shaleen Schmutzer-Smith & Kyle Krause

May 5, 2021 | Qualified Allocation Plans

Ryan Seeley has been reappointed as the California Department of Housing & Community Development’s (HCD) general counsel and deputy director, where he has served in that role since 2017 and has served in several positions since 2010, including assistant chief counsel and attorney.

California Updates Attachment 40

May 5, 2021 | Qualified Allocation Plans

The California Tax Credit Allocation Committee (TCAC) and the California Debt Limit Allocation Committee (CDLAC) updated its joint application attachment 40.

California 2021 Disaster Credit Demand Survey

May 5, 2021 | Sustainable Development

The California Tax Credit Allocation Committee (TCAC) is preparing proposed regulation changes related to federal disaster credits established by the Consolidated Appropriations Act, 2021.