California
California Releases Applications for LIHTC Exchange, Gap Financing
The California Tax Credit Allocation Committee recently released its 2009 applications for 4% and 9% tax credit exchange and gap financing.
California Releases Final Proposed Regulation Changes for ARRA
The California Tax Credit Allocation Committee (TCAC) has released a revised set of proposed regulation changes to the American Recovery and Reinvestment Act programs and tax credit program tiebreaker.
California Releases 2010 Program Schedule
The California Tax Credit Allocation Committee has released its proposed schedule and deadlines for administering the 2010 tax credit program.
Obama Nominates Three More State Rural Housing Directors
The Obama Administration recently continued naming individuals who will serve as State Director for Rural Development at the USDA.
California Schedules Mandatory ARRA Funding Workshops
The California Tax Credit Allocation Committee recently announced that it will hold two loan workshops for recipients of American Recovery and Reinvestment Act (ARRA) funds.
California Issues Additional Guidance On TCAP Environmental Requirements
The California Tax Credit Allocation Committee has issued a notice entitled, “Tax Credit Assistance Program (TCAP) Environmental Requirements & Guidance.”
California Schedules Hearing for LIHTC and ARRA
The California Tax Credit Allocation Committee will hold a public hearing on September 17 in Sacramento.
California Issues Additional Guidance On TCAP Environmental Requirements
The California Tax Credit Allocation Committee has issued a notice entitled, “Tax Credit Assistance Program (TCAP) Environmental Requirements & Guidance.”
California Issues Reminder to LIHTC Applicants
In April of this year, the California Tax Credit Allocation Committee (TCAC) announced it would conduct a single competitive funding round for 9% and 4%-plus-state credit applications. In order to accommodate applicants who had planned to apply for second round consideration, TCAC regulations were adopted allowing applicants to provide specified information by August 17, 2009.
California Releases ARRA Program Applications for Projects with State Tax Credits
The California Tax Credit Allocation Committee has released applications for projects that received a previous allocation of low-income housing tax credits (LIHTC), with state tax credits, for tax credit assistance (TCAP) and exchange program funding provided by the American Recovery and Reinvestment Act (ARRA).
California Treasurer Sends Letter to Treasury & HUD On ARRA Guidance
In a letter dated May 11, 2009, California State Treasurer Bill Lockyer sent a letter to key staff at the Department of the Treasury, HUD and the IRS expressing concerns about the recent Application and Terms and Conditions guidance for the implementation of Section 1602 (the Exchange Program) of the American Recovery and Reinvestment Act (ARRA).
States’ ARRA Resource Page
NH&RA will continue to update the ARRA resource page below as information is made available.