California
TCAC Requests Public Comment on Draft 2019 Opportunity Maps
The California Tax Credit Allocation Committee (TCAC) regulations provide site amenity points, a threshold basis limit increase, and beginning in 2019 a tiebreaker bonus for qualified projects located in a census tract designated on the TCAC/HCD Opportunity Area Map as Highest or High Resource. TCAC seeks public comment on the draft TCAC/HCD Opportunity Maps for […]
CA Date Extended: Round 4 Affordable Housing and Sustainable Communities Program Draft Guidelines
Affordable Housing and Sustainable Communities Program Round 4 Draft Guidelines Date Extended: Public Comment Period ends September 24 The Strategic Growth Council (SGC) just released the Round 4 Draft Affordable Housing and Sustainable Communities (AHSC) Program Guidelines. The draft guidelines are open for public comment and will close at 11:59 pm on September 24, 2018. Please send comments […]
CA Governor Signs SB 1477: Incentives for New Low-Emissions Affordable Homes
During the Global Climate Summit last week, the Governor Jerry Brown signed SB 1477 (Stern), which will incentivize low-emissions technologies for affordable housing.
TCAC Publishes Notice of Public Hearings and Fall 2018 Proposed Regulation Changes
TCAC’s proposed regulation changes and notice of public hearings are available on the TCAC website and can be viewed by clicking on the following links: Notice of Public Hearings Fall 2018 Proposed Regulation Changes For more information visit our website: California Tax Credit Allocation Committee
California Legislature Passes Affordable Student Housing Legislation
On August 28, the California Legislature has passed a measure (SB 1227) that would require cities and counties to grant a 35 percent density bonus when an applicant for a housing development of five or more units seeks and agrees to construct a project that will contain at least 20 percent of the total units for […]
California Strategic Growth Council Releases Affordable Housing and Sustainable Communities Program Draft Guidelines
The Strategic Growth Council (SGC) just released the Round 4 Draft Affordable Housing and Sustainable Communities (AHSC) Program Guidelines. The draft guidelines are open for public comment and will close at 5:00 pm on September 23, 2018. Associated documents that are also posted include the Narrative Scoring Rubric and Community Engagement Tracker. The draft revised AHSC […]
California Extends NHTF and HOME Application Deadlines
Due to last week’s release of the Developer fee worksheet and its applicability to current open Notices of Funding Availability (NOFA), the California Department of Housing and Community Development is extending the deadlines for National Housing Trust Fund Program (NHTF) and HOME Investment Partnerships Program (HOME) application deadlines as follows: For NHTF Applicants: New application […]
California Clarifies Developer Fee Calculations
The California Department of Housing and Community Development (HCD) issued Administrative Notice 18-02 clarifying developer fee calculations under Section 8312 of the 2017 Uniform Multifamily Regulations (UMR). You can also access HCD’s new 2017 UMR Developer Fee Calculator worksheet and the Supportive Services Cost form.
South San Francisco Approves Linkage Fees to Fund Affordable Housing
The requirement would charge from $2.50 up to $15 per square foot depending on the type of development.
California Begins Implementing Local Housing Enforcement
The California Department of Housing and Community Development (HCD) has announced its process to hold cities and counties accountable to provide housing opportunities for more Californians by powers granted it under Assembly Bill 72.
California Issues Guidance Regarding Project Reserve Accounts
For reservations of tax credits received in or after 1997, unexpended reserve accounts must remain with the property for the benefit of the property or residents save for one exception, regardless of what a limited partnership agreement says.
California State Budget Expands Funding for Housing the Homeless
On June 27, California Governor Jerry Brown signed the 2018-2019 State Budget, which included new measures geared towards reducing homelessness. One such measure is the creation of a $500 million fund dedicated to supporting local efforts to combat chronic homelessness.