U.S. HUD is waiving for the San Francisco Housing Authority (SFHA), to a limited extent and subject to certain conditions, the 20 percent cap on project-basing and certain other provisions governing project-based assistance with respect to an identified portfolio that includes RAD funding. These waivers are in response to plans submitted by SFHA to address capital needs of the portfolio and preserve available affordable housing for the SFHA’s jurisdiction. Without this waiver, SFHA states that its plan for improving its affordable housing portfolio with RAD would not be workable, and the conversion of units under RAD would not be effective for its purpose.
The California Tax Credit Allocation Committee (TCAC) conducted its 2015 Application Workshop training in Oakland, Sacramento, San Diego, Los Angeles, and Pasadena in early February. Staff responded to questions during those sessions. The list of Q&As is posted to further assist the stakeholder community as they prepare their 2015 tax credit applications.
