It has come to TCAC’s attention that the prospect of federal tax reform is currently causing uncertainty and disruption in the LIHTC market. TCAC further realizes that first round 2016 awardees of competitive tax credits face imminent closing deadlines and the risk of credit rescission or negative points for failure to close within the deadline. TCAC is interested in hearing from any 2016 awardees who have concerns about being able to meet the readiness deadline. Please email mark.stivers@treasurer.ca.gov with the project name and number and the specific reasons for your concern. TCAC is not yet inclined to offer any relief but is interested in further informing themselves of the situation.
For more information visit the website: California Tax Credit Allocation Committee
