California

ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.

Key findings from the California Housing Partnership’s annual Affordable Housing Needs Report include:  

The California Tax Credit Allocation Committee posted the list of four percent applications received as of March 16.

The California Department of Housing and Community Development (HCD) released the Notice of Funding Availability (NOFA) for approximately $285 million in Portfolio Reinvestment Program (PRP) funds.

The California Tax Credit Allocation Committee will hold a meeting on March 29 at 11 a.m. PT.

The California Tax Credit Allocation Committee updates its 2022 Credit Estimates. Specifically, the State Tax Credits for New Construction four percent Projects on page three have been updated to reflect the amounts available for the General Allocation and for California Housing Finance Agency (CalHF — Mixed Income Program (MIP) projects.

The California Department of Housing and Community Development (HCD) released the Tier Two Project Solicitation for approximately $800 million in California Housing Accelerator funds. 

The California Department of Housing and Community Development (HCD) will soon announce $131 million in HOME-American Rescue Plan (ARP) funding to assist individuals or households who are homeless, at risk of homelessness and other vulnerable populations, by providing funding for housing, rental assistance, supportive services and non-congregate shelters.  

The California Department of Housing and Community Development (HCD) released a new Statewide Housing Plan, which sets a bold path forward to meet California’s required goal of adding at least 2.5 million homes over roughly eight years, with no less than one million of those homes targeted for lower-income households.

As deadlines for the first rounds of nine and four percent projects approach, the California Tax Credit Allocation shared the following reminders: 

The California Department of Housing and Community Development (HCD) released a revised Competitive Application (Excel Workbook, Rev. 2/11/22) for the Housing for a Healthy California Program, Article I Notice of Funding Availability (NOFA). 

The California Department of Housing and Community Development (HCD) has released its 2022 Notice of Funding Availability (NOFA) calendar.

The California Tax Credit Allocation Committee (CTCAC) updated attachment 40 in its nine percent LIHTC e-application, as well as its CTCAC excel application with California Debt Limit Allocation Committee (CDLAC) scoring.