California

The California Tax Credit Allocation Committee (TCAC) posted application guidance and questions and answers from the TCAC application workshops.

For 2020 the California Tax Credit Allocation Committee (TCAC) will continue to use the 2019 Operating Expense Minimums. Please note, when the 2020 Operating Expense Minimums are completed later this year, they will be published on the TCAC website for reference. In 2021 TCAC staff expects to publish and require 2021 Operating Expense Minimums.

The California Tax Credit Allocation Committee (TCAC) posted the 2020 Credit Estimates. An estimated $29,995,828 total is available to be allocated across the 12 regions in round one.

The California Tax Credit Allocation Committee (TCAC) and California Department of Housing and Community Development (HCD) posted the drafts of the 2020 Opportunity Maps, Summary of Map Changes with Statement of Reasons, Opportunity Mapping Methodology and Statewide Summary Table. Comments are due by 5:00 pm PT on February 12 to judith.blackwell@treasurer.ca.gov, azeto@treasurer.ca.gov (TCAC) and megan.kirkeby@hcd.ca.gov […]

California Treasurer Fiona Ma announced that California Tax Credit Allocation Committee (TCAC) executive director Judith Blackwell will also serve as executive director of the California Debt Limit Allocation Committee (CDLAC) on an interim basis.

The California Tax Credit Allocation Committee (TCAC) and California Debt Limit Allocation Committee (CDLAC) have focused on the process for determining which applicants to recommend to their respective boards to receive both State Tax Credits and bond allocation in rounds where State Tax Credits are oversubscribed and bonds are competitive. While in the first instance […]

The California Tax Credit Allocation Committee (TCAC) posted the slides from its 2020 LIHTC Application Workshops.

HUD released its 2019 Annual Homeless Assessment Report to Congress, which found that 567,715 persons experienced homelessness on a single night in 2019, a three percent increase over 2018. Homelessness among veterans and families with children continued to fall, declining 2.1 percent and 4.8 percent, respectively, in 2019.

Governor Gavin Newsom (D) issued an executive order on January 8 to expedite the state’s response to the homelessness crisis in advance of 2020-21 budget negotiations.

The California Tax Credit Allocation Committee (TCAC) will host four application training workshops on 2020 submissions to the California LIHTC Program.

The California Tax Credit Allocation Committee will hold a meeting on January 15 at 11:15 am PT. On the agenda is consideration of a resolution to establish a Waiting List of pending applications for federal four percent and State LIHTCs.

The California Tax Credit Allocation Committee (TCAC) released the 2020 Threshold Basis Limits. The basis limits have been incorporated into the TCAC Application (Attachment 40). TCAC staff will utilize the 2020 basis limits for all application submissions going forward. If you would like the updated limits inserted into an application for the January 17, 2020 deadline, please email your TCAC application to Connie Harina.