California

California

California Announces 2009 LIHTC Round

California Tax Credit Allocation Committee has issued a memo regarding its single 2009 funding round for 9% tax credits. CTCAC staff has proposed a regulatory scheme that would allow competitive Credit Ceiling (9%) reservation recipients 45 days following preliminary reservation to obtain an equity partner Letter of Intent. If applicants were unsuccessful in obtaining an equity partner, they could return their 9% credits and compete for cash in lieu of credits.

Arizona

L.A. Housing Department General Manager to Deliver Keynote At NH&RA California Event

We are pleased to announce that Mercedes Márquez, General Manager, Los Angeles Housing Department will be delivering the Luncheon Address for the 2009 Spring Developers Forum, May 11-12 at the Hyatt Regency Century Plaza, Los Angeles, California.

California

California Schedules Hearing on ARRA Changes

The California Tax Credit Allocation Committee will hold public hearings on March 24 (Los Angeles), March 25 (Sacrament) and March 26 (Oakland) to discuss proposed amendments to the Low Income Housing Tax Credit Qualified Allocation Plan.

California

California Publishes 2009 Joint Market Study Guidelines

The California Tax Credit Allocation Committee (TCAC) and the California Debt Limit Allocation Committee (DLAC) have published joint market study guidelines for their 2009 low-income housing tax credit and tax-exempt bond allocation programs.

California

California Reschedules Application Workshops

The California Tax Credit Allocation Committee (TCAC) has rescheduled its application workshops for its 2009 low-income housing tax credit program in order to draft changes to modify its qualified allocation plan in responses to provisions of the American Recovery and Reinvestment Act.

California

California Postpones 2009 LIHTC First-Round Application Deadline

The California Tax Credit Allocation Committee (CTCAC) has postponed from April 6 its first-round application deadline for its low-income housing tax credit program, as well as associated application workshops.

California

California Responds to Comments on Proposed 2009 Regulation Changes

The California Tax Credit Allocation Committee (TCAC) has issued a memo in response to public comments received with regards to proposed regulation changes to the 2009 low-income housing tax credit program. Pursuant to comments received, TCAC will offer a set of revised recommendations to Committee for consideration and adoption on February 25, 2009.

California

California Publishes 2009 Threshold Basis Limits

The California Tax Credit Allocation Committee has issued a notice that defines 2009 threshold basis limits for 9% and 4% tax credit applications.

California

HUD Publishes Market Reports for Albuquerque, Ventura County, Shreveport-Bossier City

The U.S. Department of Housing and Urban Development has published three new comprehensive housing market analysis reports for Albuquerque, NM, Ventura County, CA, and Shreveport-Bossier City, LA.

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