California

The California Tax Credit Allocation Committee (TCAC) is preparing proposed regulation changes related to federal disaster credits established by the Consolidated Appropriations Act, 2021.

The California Tax Credit Allocation Committee (TCAC) updated its application with the 2021 rent and income limits.

California Tax Credit Allocation Committee projects awarded nine percent tax credits during the Second Round of 2020, including disaster credits, have a requirement to submit 180-day documents.

The California Department of Housing and Community Development (HCD) updated its Streamlined Ministerial Approval Process (SB 35) Guidelines.

The California Department of Housing and Community Development (HCD) released Surplus Land Act guidelines. Beginning Jan. 1, 2021, local agencies are required to send, and HCD is required to review, negotiation summaries for each surplus land transaction in the state.

The California Department of Housing and Community is updating its California Statewide Housing Plan and seeking public input via this Housing Plan survey by April 23.

The California Tax Credit Allocation Committee (TCAC) updated its nine percent excel application. The Points System sheet Lowest Income Table has been updated for the ten percent of Total Low-Income Units calculation. The link to the unit mix has been corrected. To correct applications in process, you may email the applications Sarah Gullikson and Connie […]

Judith Blackwell announced her resignation as executive director of the California Debt Limit Allocation Committee (CDLAC) and the California Tax Credit Allocation Committee (TCAC). Deputy director, Anthony Zeto, will serve as acting director of TCAC in her absence.

The California Tax Credit Allocation Committee (TCAC) updated its nine percent excel application. Changes and corrections include: updating the Basis and Credits sheet Permanent Financing cell to link correctly, and updating the notation in cell S103 of the Sources and Uses Budget.

The California Tax Credit Allocation Committee (TCAC) updated its Form B to include instructions. Placed in Service (PIS) packages submitted on March 1, 2021 and later must use the updated Form B. For PIS packages submitted before or on Feb. 28, 2021, you can use the existing Form B. However, if a critical update is required on the Form B TCAC may require a new Form B be filled out using the updated Form B.

The California Tax Credit Allocation Committee (TCAC) published the 2021 credit estimates, as well as a list of the four percent credit applications received as of February 4.

The California Tax Credit Allocation Committee (TCAC) will meet at 1 p.m. CT on February 17 to consider four percent LIHTC applications, the full agenda can be found here. Dial (888) 557-8511 and code: 5651115 to join the call.