California

The California Tax Credit Allocation Committee (CTCAC) recently issued a memo providing additional clarifying guidance for prospective second round applicants.

California Senate President Pro Tempore Darrell Steinberg (D-Sacramento) and Senator Mark DeSaulnier (D-Concord) recently introduced legislation in the California State Senate that would create a permanent funding source for California’s Housing Trust Fund, which has not had a permanent funding source since the fund’s passage in 1985.

HUD’s Economic and Market Analysis Division regularly publishes Comprehensive Housing Market Analysis reports for regions across the country.

The California Tax Credit Allocation Committee (TCAC) has releases the 2012 Proposed Program Schedule, including a revised first-round award meeting date and new second round application deadline for the Low-Income Housing Tax Credit program.

NH&RA is pleased to announce that eight member firms have been selected to participate in the Federal Housing Administration’s (FHA) Multifamily Low-Income Housing Tax Credit Pilot program.

Join NH&RA May 21-22 for our 2012 Spring Developers Forum at the Ritz-Carlton Marina del Rey in California. Register by this Friday, April 27 to save up to $100 off your conference registration fee!

The Federal Housing Administration (FHA) has announced it is planning to launch the first phase of its Multifamily Low-Income Housing Tax Credit Pilot program, which will test an accelerated approval process for the purchase or refinancing of LIHTC properties.

The California Tax Credit Allocation Committee (TCAC) has announced that it will hold forums throughout the state to discuss its proposal to update the underlying data and corresponding percentages of the competitive nine percent geographic apportionments, effective in 2013.

The California State Senate is set to vote on AB 1585, which would transfer balances in California’s recently dissolved redevelopment authority (RDA) low- and moderate-income housing funds to local housing agencies to be spent specifically for affordable housing.

The California Tax Credit Allocation Committee (CTCAC) has made available detailed guidance for sustainable building method software, submission, documentation, and qualification requirements.

The California State Assembly recently passed AB 1585, which would transfer balances in low- and moderate-income housing funds to local housing agencies to be spent for affordable housing.

Congressman Joe Baca (D-Rialto) introduced legislation in the House of Representatives that would give non-profit agencies and Community Development Corporations (CDCs) access to funds for affordable housing projects made available through the State Small Business Credit Initiative.