California

The California Department of Housing and Community Development (HCD) announced the hire of Mark Stivers as the acting Deputy Director for the Division of Financial Assistance. The Division of Financial Assistance administers the HCD’s loan and grant programs.

The Los Angeles City Council has voted unanimously to set aside $120 million, 10 percent of the Proposition HHH supportive housing bond, for a pilot program that seeks strategies for expediting and containing the cost of permanent supportive housing development.

The California Tax Credit Allocation Committee (TCAC) published the 2019 Credit Estimates. TCAC estimates over $109 million in new credits minus $165,757 in forward committed 2019 credits leaving $108.8 million credits. TCAC estimates the following credits will be available for each geographic region in Round 1:

In London Breed’s first State of the City address as San Francisco’s mayor she announced plans for a charter amendment to make affordable and teacher housing development as-of-right in San Francisco. The charter amendment proposed for the November 2019 election, would allow 100 percent affordable and teacher housing proposals that comply with existing zoning laws to bypass the usual bureaucratic and appeals process that can result in long and costly delays.

The Partnership for the Bay’s Future aims to advance the region’s future by solving its interconnected challenges of housing, transportation and economic opportunity.

It will begin with two funds—the Investment Fund and Policy Fund—to expand and protect the homes of up to 175,000 households over the next five years and preserve and produce more than 8,000 homes over the next five to 10 years in San Francisco, San Mateo, Santa Clara, Alameda, and Contra Costa counties.

The California Tax Credit Allocation Committee released the 9% competitive and 4% competitive Excel applications. For general application questions contact the appropriate regional analyst:  http://www.treasurer.ca.gov/ctcac/assignments.asp For technical questions or issues related to the Excel application please contact Diane SooHoo at:  diane.soohoo@treasurer.ca.gov

The California Department of Housing and Community Development (HCD) released the Final Housing for a Healthy California (HHC) Program Guidelines. The Guidelines incorporate feedback from participants through public comment letters, and additional conversations and research during the public outreach period.

California Governor Gavin Newsom (D) announced that the state is taking first-of-its-kind legal action the City of Huntington Beach for willfully refusing to comply with state housing law, even after extensive attempts to offer partnership and support from the California Department of Housing and Community Development. 

The California Housing Finance Agency (CalHFA) Mixed-Income Program (MIP) is funded by the Building Homes and Jobs Act signed into law in 2017. Beginning in 2019, and continuing on an annual basis, CalHFA will receive 15 percent of the Building Homes and Jobs Act Fund, expected to be $30 – $45 million, to provide residential […]

Applications for the Affordable Housing and Sustainable Communities (AHSC) Notice of Funding Availability (NOFA) are due on Feb. 11. The AHSC program seeks to reduce greenhouse gas emissions through projects that implement land-use, housing, transportation, and agricultural land preservation practices to support infill and compact development. For the fourth round, $395 million in funding is available.

The California Tac Credit Allocation Committee (TCAC) updated attachments 4(A), 4(B), 4(C), 4(D), and 24 to fix form field errors. TCAC also released the presentation materials from its 2019 Low Income Housing Tax Credit (LIHTC) Application Workshops.

NH&RA member Enterprise Community Partners announced two ventures that elevate homes as essential to health and well-being with Kaiser Permanente. Kaiser Permanente invested $15 million in the Enterprise-managed Housing for Health Fund, which will preserve affordable homes in the Bay Area, and match up to $35 million in additional funds raised by Enterprise. This equity […]