California
California Awards $130.7 Million to Help 18 Communities House People Living in Encampments
Governor Gavin Newsom today announced nearly $130.7 million in Encampment Resolution Funding (ERF) program grants to help 18 cities, counties, and Continuums of Care (CoCs) resolve critical encampment concerns, address the housing and health and safety needs of 3,364 people living in encampments, and permanently house 1,565 people.
California Enacts Law to Limit Rent Increases on all LIHTC Properties
California Gov. Gavin Newsom recently signed into law a bill that expands the existing California Tax Credit Allocation Committee (CTCAC) limit on rent increases for tenants in properties financed by low-income housing tax credits (LIHTCs) or private activity bonds (PABs).
California Awards Nine Homekey Projects to Create 533 New Permanent Supportive Homes
California Governor Gavin Newsom announced $130.6 million in Homekey grant awards for nine new projects that will create 533 permanently supportive homes for Californians at risk of or experiencing homelessness.
The California Department of Housing and Community Development Releases Prohousing Incentive Program – Notice of Funding Availability
The California Department of Housing and Community Development (HCD) is pleased to release the Prohousing Incentive Program (PIP) Round 3 Notice of Funding Availability, Program Guidelines and application.
California Budget Approved with Key Tax Implications
The California legislature passed budget legislation that included multiple changes to the Revenue and Taxation Code.
California Publishes Final Proposed Regulation Changes to be Considered at April 3 Meeting
The California Tax Credit Allocation Committee (TCAC) published the final proposed regulation changes following its Feb. 26, 2024 proposed regulation changes.
California Updates Placed-in-Service (PIS) Application Submission Deadline Memo
Effective June 1, 2024, project owners are expected to submit the required PIS documents by the required deadline in accordance with the CTCAC regulations.
California Updates PIS Process
The California Tax Credit Allocation Committee (CTCAC) updated its Placed in Service (PIS) process.
California Announces NOFA for $172 Million
The California Department of Housing and Community Development (HCD) released the final National Housing Trust Fund (NHTF) guidelines and Notice of Funding Availability (NOFA) of approximately $172 million.
California Publishes Opportunity Maps
The California Tax Credit Allocation Committee/Housing Community Development (CTCAC/HCD) published the 2024 Draft Opportunity Maps.
Governor Newsom Signs Package to Streamline Housing and Expand Tenant Protections in California
Governor Gavin Newsom (D) announced that he signed 56 bills into law that incentivize and reduce barriers to housing and support the development of more affordable homes throughout California.
California Invests $736 Million to Fund Homekey Projects
Governor Gavin Newsom announced the first grant awards from round three of Homekey, the administration’s initiative to help jurisdictions rapidly expand the availability of permanent or interim housing for individuals and families experiencing or at risk of, homelessness.