The California Tax Credit Allocation Committee (CTCAC) released a memo that announced updates have been made to the California Utility Allowance Calculator (CUAC), has answered some frequently asked questions regarding using the calculator for newly constructed tax credit developments and has updated submission requirements. The new CUAC distribution calculation uses a series of weightings reflecting the relationship between affordable Low Income Housing Tax Credit (LIHTC) rents, by unit size, throughout the state of California. NH&RA presented case-studies involving CUAC at our 2011 Spring Developers Forum.
To view the memo and the frequently asked questions about using the calculator, click here.
To view an updated version of the CUAC, click here.
