California
California Releases Draft 2022 -2023 Annual Action Plan, Comments Due May 11
The California Department of Housing and Community Development (HCD) released the 2022-2023 Annual Action Plan (AAP).
California HCD Releases 2022 Multifamily Finance Final Guidelines and Super NOFA
The California Department of Housing and Community Development (HCD) published the Multifamily Finance Final Guidelines and Notice of Funding Availability (Super NOFA).
California HCD Pilots Advance Payments for Microenterprise and Business Assistance CDBG-CV Grantees
The California Department of Housing and Community Development (HCD) released a Community Development Block Grant (CDBG) Management Memo, which documents the process and requirements that CDBG-CV Microenterprise and Business Assistance Grantees must use to obtain advance funding under CDBG-CV programs.
CHP Releases 2022 California Affordable Housing Needs Report
Key findings from the California Housing Partnership’s annual Affordable Housing Needs Report include:
California Posts Four Percent Applications Received
The California Tax Credit Allocation Committee posted the list of four percent applications received as of March 16.
California Portfolio Reinvestment Program NOFA
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.
California TCAC Meeting – March 29
The California Tax Credit Allocation Committee will hold a meeting on March 29 at 11 a.m. PT.
California Updates 2022 Credit Estimates
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.
California Housing Accelerator: $800 Million Available to Shovel-Ready 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.
California to Release $131 Million in HOME-ARP
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.
California HCD Statewide Housing Plan Calls for 2.5 Million Homes
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.
California Application Updates
As deadlines for the first rounds of nine and four percent projects approach, the California Tax Credit Allocation shared the following reminders: