California
CTCAC Has Updated the California Utility Allowance Calculator
The California Tax Credit Allocation Committee has updated the California Utility Allowance Calculator (CUAC) webpage. Changes include updated submission instructions and frequently asked questions (FAQs).
Six Multifamily Housing Authorities and Owners Join Better Buildings Challenge
President Obama’s Better Buildings Challenge welcomed six new multifamily housing authority and owners. AHEAD, Inc (Littleton, NH), Gragg Cardona Partners (Washington, DC), Housing Authority of the Birmingham District (Birmingham, AL), Newark Housing Authority (Newark, NJ), The DeBruler Co. (Libertyville, IL), and Windsor Locks Housing Authority (Windsor Locks, CT) all announced they are joining the Challenge.
HUD and California Expand Financing for Energy Efficiency in Multifamily Housing
U.S. Department of Housing Urban Development Secretary Julián Castro and California Governor Jerry Brown announced a plan to expand financing for energy efficiency and solar energy in multifamily housing. Their plan includes unlocking property-assessed clean energy (PACE) financing for multifamily housing in California, establishing the California Master-Metered Multifamily Finance Pilot Project, and engaging philanthropy and the financial sector in supporting renewable energy in affordable housing.
California Treasurer Appoints New Executive Directors to Support Major Housing Effort
California State Treasurer John Chiang appointed two new executive directors to key state housing programs as he launches a larger effort to address the state’s growing affordable housing crisis.
CTCAC Will Hold 2015 Development Application Workshops
California Tax Credit Allocation Committee will hold 2015 Development Application Workshops.
CTCAC Has Released the Final Proposed 2015 Regulation Changes
The California Tax Credit Allocation Committee has released the Final Proposed 2015 Regulation Changes with Responses to Comments Received.
Deadline for the January 21, 2015 Committee Meeting Was Previously Published Incorrectly
The non-competitive 4% tax exempt bond application submission deadline for the January 21, 2015 Committee Meeting was previously published incorrectly showing a deadline of December 21, 2014. The deadline has been corrected to November 21, 2014 and can be found on the California Tax Credit Allocation Committee website. If you did not submit your application […]
TCAC Staff is Suspending its Regulation Promulgation Process
At the request of Treasurer Lockyer, California Tax Credit Allocation Committee (TCAC) staff is suspending its regulation promulgation process at this time. This decision will afford the new Treasurer and new State Controller an opportunity to participate in the rulemaking process for the 2015 program year. TCAC staff will advise the public of any future […]
NH&RA Member Firm Celebrates Grand Opening of California Property
NH&RA member firm California Commercial Investment Group, Inc. (CCI), a California-based national affordable housing preservation and development firm, recently celebrated the Grand Opening of Fickett Towers Senior Apartments in Van Nuys, CA
CTCAC and Other Agencies Release CA Affordable Housing Cost Study
This week the California Tax Credit Allocation Committee (TCAC) and Other Agencies released the state’s long awaited California Affordable Housing Cost Study. Data was collected and analyzed from hundreds of multifamily projects completed between 2001-2011.
State News Week of September 29: California Governor Jerry Brown Vetoes NMTC and HTC Legislation
On September 29, California Governor Jerry Brown vetoed A.B. 1399, a bill to create a state new markets tax credit (NMTC), and A.B. 1999, to create a state historic rehabilitation tax credit (HTC).
CTCAC Will Host 5 Public Hearings Between September 29-October 2
CTCAC will host 5 public hearings between September 29-October 2 to discuss the proposed changes for the 2015 QAP.