California
California Updates 2021 Second Round Nine Percent Preliminary Recommendations
The California Tax Credit Allocation Committee (TCAC) updated the 2021 Second Round Nine Percent Preliminary Recommendations for the Federal Consolidated Appropriations Act (FAA) (Disaster Area) Projects.
$1.75 Billion Available in California’s Housing Accelerator
California announced a $1.75 Housing Accelerator, which will provide funding to shovel ready projects in lieu of tax credit equity.
California Releases 1.45 Billion in Homekey Funds
The California Department of Housing and Community Development announced the release of $1.45 billion in Homekey grant funds made available through the California Comeback Plan.
California Updates 2021 State Tax Credit Dashboard
The California Tax Credit Allocation Committee updated its four percent LIHTC dashboard for the 2021 state tax credit.
California Updates Four Percent 2021 State Tax Credit Dashboard
The California Tax Credit Allocation Committee (CTCAC) updated its four percent LIHTC dashboard for the 2021 state tax credit.
CalHFA Names Tiena Johnson-Hall Executive Director
Gov. Gavin Newsome (D) appointed Tiena Johnson-Hall as executive director of the California Housing Finance Agency (CalHFA).
California Seeks Universal Spreadsheet Standards Beta Testers
The California Tax Credit Allocation Committee (CTCAC), California Debt Limit Allocation Committee (CDLAC), California Housing Finance Agency (CalHFA) and California Department of Housing and Community Development (HCD) are working together to develop Universal Spreadsheet Standards (USS), which will streamline the process of seeking project financing.
California Opens MHP Application
The California Department of Housing and Community Development (HCD) released the Round Four Multifamily Housing Program (MHP) Application, which accompanies the July 2021 Notice of Funding Availability (NOFA) for approximately $220 million. Applications are due by September 20 at 5 p.m. PT.
California TCAC, CDLAC Meetings – Aug. 11
The California Debt Limit Allocation Committee (CDLAC) will hold a meeting on August 11 at 11 a.m. PT followed by a California Tax Credit Allocation Committee (TCAC) meeting at 11:15 a.m. PT or upon adjournment of the CDLAC meeting.
California Releases $220 Million Multifamily NOFA
The California Department of Housing and Community Development (HCD) released the Round 4 Multifamily Housing Program (MHP) July 2021 Notice of Funding Availability (NOFA) for approximately $220 million. Applications are due by September 20 at 5 p.m. PT. HCD will hold virtual NOFA workshops, which offer participants the opportunity to hear an overview of the NOFA and any updates that have developed since the third round in July 2020.
California Posts Infill Infrastructure Grant Program Application Log
The California Department of Housing and Community Development (HCD) posted the Infill Infrastructure Grant (IIG) program Round 7 Applications received and self-scores list. The information was provided by applicants and has not yet been verified by HCD.
Newsom Names Tiena Johnson Hall CalHFA Executive Director
California Gov. Gavin Newsom (D) announced the appointment of Tiena Johnson Hall as the new executive director of the California Housing Finance Agency (CalHFA).
Johnson Hall, a member of CalHFA’s Board of Directors since November 2014, has served as a senior vice president and manager of community development finance for BBVA Compass Bancshares Inc. since October 2014. Prior to that, she held various housing positions in both the private and public sectors.