California

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

Download Our Brochure For The 2009 Spring Developers Forum, May 11-12 in Los Angeles. Click here to download our conference brochure. 

The California Tax Credit Allocation Committee (TCAC) yesterday (April 16) issued a memo in response to public comments received on its proposed regulation changes related to the American Recovery and Reinvestment Act (ARRA). TCAC has considered all the comments and has finalized its recommendations to the Committee for adoption on April 30, 2009.

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.

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.

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.

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.

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.

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.

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.

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

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.