California

The California Tax Credit Allocation Committee (TCAC) updated its 2020 program schedule. The TCAC meeting and award date for the second round of competitive applications has been changed from September 30 to October 14.

The California Department of Housing and Community Development (HCD) released a technical assistance document on Equity and Accessibility Requirements and Strategies for the Homekey Notice of Funding Availability (NOFA).

The California Department of Housing and Community Development (HCD) released frequently asked questions for the Homekey Notice of Funding Availability (NOFA) for $600 million. The Governor’s Office has been working with philanthropic partners to create an additional $45 million in funding to support critical operations for Homekey projects.

The California Tax Credit Allocation Committee (TCAC) announced that the 180-day readiness deadline to begin construction on August 17, 2020 for projects awarded state tax credits on February 18, 2020 will remain,  unless an extension has been granted. All required documents are received by TCAC no later than 5:00 pm PT on the deadline.

The California Department of Housing and Community Development (HCD) posted the list of applications received and self-scores for the Local Housing Trust Fund program (LHTF) NOFA. Applications are currently under review by HCD and awards are estimated to be announced in October 2020. HCD also posed the 47 applications and self-scores submitted for the Transit-Oriented […]

Related California was recently named Developer of the Year by the San Francisco Business Times. ​Related California continues to build best-in-class affordable and mixed-income developments throughout California via the strength of public-private partnerships.

Ann Silverberg, CEO of Related California’s Northern California Affordable division, was named one of the Bay Area’s Most Influential Women by the San Francisco Business Times for the second year in a row, and recognized as one of the most dynamic women in commercial real estate by BISNOW.

The California Department of Housing and Community Development (HCD) is pleased to announce the release of the final Questions and Answers V.3 to accompany the Transit-Oriented Development Housing Program (TOD) Notice of Funding Availability (NOFA) released on April 30, 2020. This is the final batch of Questions and Answers compiled from the TOD email inbox through July 22, 2020.

The California Department of Housing and Community Development (CalHCD) released a NOFA for $600 million in Homekey funds. Building on the success of Project Roomkey, Homekey is the next phase in the state’s response to protecting Californians experiencing homelessness who are at high risk for serious illness and are impacted by COVID-19.

The California Department of Housing and Community Development (HCD) announced new supporting documents to accompany the Round 4 Transit-Oriented Development (TOD) Housing Program Notice of Funding Availability for approx. $141 million, which was released on April 30, 2020. The NOFA webinar presentation from June 25, 2020 and New Questions and Answers are now available.

The California Tax Credit Allocation Committee released the 2020 Second Round Applicant List as of July 15 and a list of applicants requesting nine percent and Tax-Exempt Bond Financed four percent requesting federal and state credits.

HUD’s Multifamily West Region is extending the audited financial reporting deadlines until September 30, 2020. This waiver is limited to entities, which are required to submit the referenced annual financial information on or before June 30, 2020.