California

The California Department of Housing and Community Development announced that Director Ben Metcalf has resigned, effective September 6. Chief Deputy Director Doug McCauley, will serve as acting director until a new director is appointed.

California Governor Gavin Newsom announced a compromise on proposed legislation to cap rent increases statewide and ultimately address the housing crisis.

The California Tax Credit Allocation Committee (TCAC) will hold four public hearings on its proposed regulation changes on Sept. 4, Sept. 5, Sept. 6 and Sept. 10.

California State Treasurer Fiona Ma announced Judith Blackwell and Larry Flood as the executive directors of two key housing and economic development finance divisions that are under her direction.  Ms. Blackwell will head the California Tax Credit Allocation Committee (CTCAC) and Mr. Flood will lead the California Debt Limit Allocation Committee (CDLAC).      

The California Department of Housing and Community Development (HCD) announced awards totaling more than $2.3 million to local governments that are working to streamline housing approvals and accelerate housing production. These first awards went to nine local governments for planning documents and process improvements that increase the supply of affordable homes and apartments, while reducing costs and saving processing time.

The California Department of Housing and Community Development (HCD) announced that the city of Claremont now has a housing plan certified by HCD to comply with state housing law. Claremont is the seventh city to regain compliance this year, along with Clovis, Fillmore, Orange Cove, Paramount, Soledad and Jurupa Valley.

The California Tax Credit Allocation Committee (TCAC) released proposed regulation changes to its QAP. Comments should be submitted by 5:00 pm PDT on September 16, 2019 to judith.blackwell@treasurer.ca.gov and azeto@treasurer.ca.gov, preferably in a Microsoft Word document or in an electronic, rather than scanned pdf, format that allows for copying. While TCAC welcomes public comments, staff […]

The San Jose City Council is set to adopt a new Housing Payment Equity Ordinance that prohibits the discrimination of income sources. The ordinance will cover all rentals—including single-family homes, duplexes, multifamily units, co-living spaces, accessory dwelling units, guest houses and mobile homes—with one exception: rooms in single-family homes where the landlord lives in the house, too.

Last week the House Financial Service Committee (HFSC) held a field hearing titled “Examining the Homelessness Crisis in Los Angeles.” In her opening remarks, Chairwoman Maxine Waters called for a  bold and comprehensive response at the federal, state and local levels to address the homelessness crisis.

This Los Angeles Times article explores the role that California cities and counties play in perpetuating the state’s affordable housing crisis. The Residential Impact Fees in California Study from the Terner Center found that overly burdensome fee programs can limit growth by impeding or disincentivizing new residential development, facilitate exclusion and increase housing costs across the state.

The California Department of Housing and Community Development (HCD) has amended the Multifamily Housing Program (MHP) Notice of Funding Availability (NOFA) increasing the available funding from approximately $178 million to approximately $250 million.   In addition, the following errors were identified in the supplemental application: Loan limit calculation for Large Family New Construction Projects in a […]

The California Department of Housing and Community Development (HCD) has amended the Housing for a Healthy California (HHC) program and the No Place Like Home (NPLH) program Round 1 Guidelines. The amendments to the guidelines will: Create an alternative method of calculating the developer fee Make a conforming change to priority cash flow payments for projects […]