California
California TCAC 2019 Credit Estimates
The California Tax Credit Allocation Committee (TCAC) published the 2019 Credit Estimates. TCAC estimates over $109 million in new credits minus $165,757 in forward committed 2019 credits leaving $108.8 million credits. TCAC estimates the following credits will be available for each geographic region in Round 1:
San Francisco Mayor Calls for As-of-Right Development for Affordable & Teacher Housing
In London Breed’s first State of the City address as San Francisco’s mayor she announced plans for a charter amendment to make affordable and teacher housing development as-of-right in San Francisco. The charter amendment proposed for the November 2019 election, would allow 100 percent affordable and teacher housing proposals that comply with existing zoning laws to bypass the usual bureaucratic and appeals process that can result in long and costly delays.
Partnership for the Bay’s Future to Invest Over $500 Million in Affordable Housing
The Partnership for the Bay’s Future aims to advance the region’s future by solving its interconnected challenges of housing, transportation and economic opportunity.
It will begin with two funds—the Investment Fund and Policy Fund—to expand and protect the homes of up to 175,000 households over the next five years and preserve and produce more than 8,000 homes over the next five to 10 years in San Francisco, San Mateo, Santa Clara, Alameda, and Contra Costa counties.
California 4% and 9% Excel Applications Now Available
The California Tax Credit Allocation Committee released the 9% competitive and 4% competitive Excel applications. For general application questions contact the appropriate regional analyst: http://www.treasurer.ca.gov/ctcac/assignments.asp For technical questions or issues related to the Excel application please contact Diane SooHoo at: [email protected]
HCD Releases Housing for a Healthy California Program Final Guidelines
The California Department of Housing and Community Development (HCD) released the Final Housing for a Healthy California (HHC) Program Guidelines. The Guidelines incorporate feedback from participants through public comment letters, and additional conversations and research during the public outreach period.
Governor Newson Sues Huntington Beach for Willfully Violating State Housing Law
California Governor Gavin Newsom (D) announced that the state is taking first-of-its-kind legal action the City of Huntington Beach for willfully refusing to comply with state housing law, even after extensive attempts to offer partnership and support from the California Department of Housing and Community Development.
CalHFA MIP NOFA opens Feb. 5
The California Housing Finance Agency (CalHFA) Mixed-Income Program (MIP) is funded by the Building Homes and Jobs Act signed into law in 2017. Beginning in 2019, and continuing on an annual basis, CalHFA will receive 15 percent of the Building Homes and Jobs Act Fund, expected to be $30 – $45 million, to provide residential […]
California AHSC Program Round 4 NOFA Applications due Feb. 11
Applications for the Affordable Housing and Sustainable Communities (AHSC) Notice of Funding Availability (NOFA) are due on Feb. 11. The AHSC program seeks to reduce greenhouse gas emissions through projects that implement land-use, housing, transportation, and agricultural land preservation practices to support infill and compact development. For the fourth round, $395 million in funding is available.
TCAC 2019 Application Updates
The California Tac Credit Allocation Committee (TCAC) updated attachments 4(A), 4(B), 4(C), 4(D), and 24 to fix form field errors. TCAC also released the presentation materials from its 2019 Low Income Housing Tax Credit (LIHTC) Application Workshops.
Enterprise Partners with Kaiser Permanente to Bridge Health and Housing
NH&RA member Enterprise Community Partners announced two ventures that elevate homes as essential to health and well-being with Kaiser Permanente. Kaiser Permanente invested $15 million in the Enterprise-managed Housing for Health Fund, which will preserve affordable homes in the Bay Area, and match up to $35 million in additional funds raised by Enterprise. This equity […]
New Q&A Published for AHSC Round 4 NOFA – Applications Due Feb. 11
The California Department of Housing and Community Development and the Strategic Growth Council have published and updated Questions and Answers document for the Affordable Housing Sustainable Communities (AHSC) Round 4 Notice of Funding Availability (NOFA) application period. Applications to the NOFA are due on Feb. 11, 2019.
Reminder: California TCAC 4% Applications due Jan. 18
Applications for the March 20, 2019 California Tax Credit Allocation Committee (TCAC) meeting are due Jan. 18, 2019.