California
California Awards $85.5 Million to Help People Experiencing Homelessness Who Frequently Use Healthcare Systems
The California Department of Housing and Community Development (HCD) awarded a total of $85.5 million to developers and counties throughout California in the first round of funding for the Housing for a Healthy California program. Funding for the program comes from both the Federal National Housing Trust Fund and California’s Building Homes and Jobs Trust Fund.
California TCAC Amends April 14 Meeting Agenda
The California Tax Credit Allocation Committee (TCAC) posted a revised agenda for its April 14 meeting. TCAC will consider 2020 applications and appeals for Federal four percent and State LIHTC for tax-exempt bond financed projects; Federal four percent LIHTC for tax-exempt bond financed projects and Federal four percent and State LIHTC for tax-exempt bond financed […]
California HCD Releases TOD Draft Guidelines
The California Department of Housing and Community Development (HCD) released the Transit-Oriented Development (TOD) Housing Program draft guidelines. Comments on the draft guidelines should be sent to [email protected] by 5:00 pm PT on April 3. HCD will hold two webinars on the draft guidelines:
California HCD Releases Veterans Housing and Homelessness Prevention Program FAQs
The California Department of Housing and Community Development (HCD) issued FAQs for Round 5 Veterans Housing and Homelessness Prevention (VHHP) program.
2020 First Round TCAC Competitive Tax Credit Applications Received
A list of California Tax Credit Allocation Committee (TCAC) first round applicants is available here.
California Roadmap HOME 2030
The California Housing Partnership and Housing California released California’s Roadmap HOME 2030, an initiative to develop a ten-year “Marshall Plan” that will set the course for creating a California with homes for all.
Report Finds California at Risk of Losing 31,821 Affordable Homes Over the Next Decade
The California Housing Partnership released the 2020 Affordable Homes at Risk report, which found that that California has already lost 15,004 affordable rental homes and that another 31,821 affordable rental homes are currently at risk of market rate conversion in the next decade.
California Legislators Introduce $2 Billion Measure to Address Homelessness
A group of California Assembly members introduced a bill that would inject $2 billion into addressing California’s homelessness crisis — an immediate effort to meet the governor’s request for permanent funding to tackle the problem.
California TCAC Updates 2020 Calendar of Dates
The California Tax Credit Allocation Committee (TCAC) posts its updated program schedule, which includes changes to upcoming four percent credit deadlines and award dates.
California TCAC, CDLAC Recall Message on Scoring of Joint Awards
The California Tax Credit Allocation Committee (TCAC) and the California Debt Limit Allocation Committee (CDLAC) recalled the January 28, 2020 messages with the subject line “4% Federal and State Tax Credits with Tax-Exempt Bonds: Message to Applicants.” The content of the message does no apply.
TCAC Posts 2020 Application Guidance, Q&A
The California Tax Credit Allocation Committee (TCAC) posted application guidance and questions and answers from the TCAC application workshops.
California to Use 2019 Operating Expense Minimums in 2020
For 2020 the California Tax Credit Allocation Committee (TCAC) will continue to use the 2019 Operating Expense Minimums. Please note, when the 2020 Operating Expense Minimums are completed later this year, they will be published on the TCAC website for reference. In 2021 TCAC staff expects to publish and require 2021 Operating Expense Minimums.