California

The California Tax Credit Allocation Committee (CTCAC) has proposed regulation changes to the state’s QAP in order to assist projects affected by the pending redevelopment litigation before the California State Supreme Court.

California Tax Credit Allocation Committee (TCAC) announced a proposed readjustment of its geographic regional apportionments for federal and state low-income housing tax credits (LIHTCs). The geographic boundaries used for appropriations were last updated in 2004 but the updated methodology proposes using new 2010 Census data for calculating apportionments and the addition of an 11th region: the City of Los Angeles.

The California Tax Credit Allocation Committee (TCAC) yesterday released a summary of the comments that it received from stakeholders about costs associated with building affordable housing.

The California Supreme Court has issued a partial stay that halts the dismantling of the state’s redevelopment agencies. The stay is in response to a lawsuit that challenges the validity of eliminating the redevelopment agencies.

The California Tax Credit Allocation Committee (TCAC) will be holding forums throughout the state to discuss the issue of cost containment associated with developing affordable housing.

California’s Tax Credit Allocation Committee (TCAC) has issued a memorandum that provides guidance for second round applicants regarding final tiebreaker scoring.

The U.S. Department of Housing and Urban Development (HUD) today released revised fiscal year (FY) 2011 income limits for certain areas.

The California Tax Credit Allocation Committee recently released new guidance for first round applicants who are re-applying in the second round for 2011 low-income housing tax credits, as well as additional guidance for all second round applicants.

The California Tax Credit Allocation Committee (TCAC) maintains an operating cost database to help derive operating cost averages for its portfolio of low-income housing tax credit projects.

The California Tax Credit Allocation Committee (CTCAC) has issued a new memorandum a new scheduled Committee meeting date (June 22) to announce awards, and provides additional clarifying guidance for prospective second round applicants.

Governor Jerry Brown has appointed Claudia Cappio as Executive Director of the California HFA. Ms. Cappio comes to the Agency with a background in land use planning, project development and administration, including affordable housing.

California Tax Credit Allocation Committee has published its 2011 Application Workshop Questions and Answers on its website.