California
California TCAC notice to 4% applicants
The California Tax Credit Allocation Committee (TCAC) sent an email to remind 4% non-competitive applicants that those applications no longer require a Local Reviewing Agency (LRA) evaluation. The TCAC application fee is now $1,000. TCAC asks applications to not send TCAC applications to the LRA.
California Governor’s proposed budget summary includes $7.7 billion for housing
Governor Gavin Newsom (D-CA) published his 2019-2020 proposed budget summary. In total, the Budget includes $7.7 billion across multiple departments and programs to address housing and homelessness throughout the state.
$53 Million Awarded to Help Address Homelessness in California
The California Department of Housing and Community Development announced $53.3 million in awards for the first round of the California Emergency Solutions and Housing Program (CESH). CESH is a state program providing funds for a variety of activities to assist people experiencing or at risk of homelessness.
California HCD releases Multifamily Housing Program Draft Guidelines for comment
The California Department of Housing and Community Development (HCD) released its draft Multifamily Housing Program (MHP) Guidelines. Recent legislation authorized the issuance of $1.5 billion in bonds through the MHP for new construction, rehabilitation and preservation of veterans and affordable housing.
Leadership vacancy at TCAC
Mark Stivers left his post as executive director of the California Tax Credit Allocation Committee (TCAC) on Sunday, Jan. 6. Stivers was appointed by California State Treasurer John Chiang in 2015. In an email to TCAC stakeholders, Stivers wrote “I intend to remain in public service working on housing issues.”
TCAC 2019 Application Workshops Across CA on Jan. 17, 18, 22, 23 & 24
2019 TCAC Application Workshops SACRAMENTO Jan. 17, 2019, 9:30am – 12:30pm State Treasurer’s Office 915 Capitol Mall Room 587 Sacramento, CA 95814 OAKLAND Jan. 18, 2019, 1:00pm – 4:00pm Elihu Harris State Building Room 2 1515 Clay Street Oakland, CA 94612 SAN DIEGO Jan. 22, 2019, 10:00am – 1:00pm San Diego Housing Commission 4th Floor […]
TCAC Announces Leadership Change
Dear TCAC stakeholders, Sunday (1/6/2019) will be my last day as TCAC Executive Director. I want to thank Treasurer Chiang for the amazing opportunity to serve in this position for the last four years. It has been both an honor and a source of personal growth for me, and it has allowed me to make […]
California 2019 4% Tax Credit Application with Tax-Exempt Bond Financing
The TCAC 2019 Excel application for 4% non-competitive projects is available on the TCAC website: http://www.treasurer.ca.gov/ctcac/2019/application/index.asp This Excel document can be used either for a joint CDLAC-TCAC application as Attachment 40 or for a 4% application with a separate CDLAC application. This Excel document is not yet available within the CDLAC online application but will be shortly; a separate notice will be sent when that […]
CA Tax Credit Allocation Committee Announces 2019 Application Workshops
TCAC staff will be conducting application workshops in January (locations, dates and times below). We are migrating to an online registration process which unfortunately will not be available until January. As soon as the online registration is open, TCAC will send a listserv email and also put registration information on the TCAC website. There will […]
California Updates List of Jurisdictions Subject to Streamlined Ministerial Approval Process
The California Department of Housing and Community Development released an updated list of California cities and counties subject to streamlined ministerial approval process. Under SB 35, which was signed into law in 2017, cities and counties that are not meeting their housing needs must expedite approvals for certain new housing projects in jurisdictions.
CA Housing Posts Application Update for Supportive Housing Multifamily Housing Program Notice of Funding Availability
The California Department of Housing and Community Development (HCD) announces the release of an updated Supplemental Application (Rev. 12/13/18) for the 2018 Supportive Housing – Multifamily Housing Program (SHMHP) Notice of Funding Availability (NOFA) application forms. The revised SHMHP Supplemental Application now includes an additional section to the Supportive Service Plan worksheet. All applicants must use the 12/13/18 […]
TCAC Announces 2018 Application Can No Longer Be Used For 4% Submissions
The 2018 application can no longer be used for 4% submissions. The 2019 TCAC applications are expected to be available on the TCAC website on December 31. Applicants must utilize the 2019 TCAC applications and the 2019 CDLAC-TCAC joint application Attachment 40 beginning with the January 18 deadline for the March 20 Committee meeting. Please […]