California

The California Department of Housing and Community Development (HCD) announces the release of an updated Supplemental Application (Rev. 12/13/18) for the 2018 Supportive Housing – Multifamily Housing Program (SHMHP) Notice of Funding Availability (NOFA) application forms. The revised SHMHP Supplemental Application now includes an additional section to the Supportive Service Plan worksheet. All applicants must use the 12/13/18 […]

The 2018 application can no longer be used for 4% submissions. The 2019 TCAC applications are expected to be available on the TCAC website on December 31.  Applicants must utilize the 2019 TCAC applications and the 2019 CDLAC-TCAC joint application Attachment 40 beginning with the January 18 deadline for the March 20 Committee meeting.  Please […]

Please save December 18 from 10-11:30 am for a TCAC webinar on certificated state credits.  The webinar will include an introduction to the concept and benefits of certificated state credits as well as insights from developers, investors, and attorneys who have worked with them.  There will be an opportunity for participants to ask any questions […]

The California Tax Credit Allocation Committee (TCAC) regulations provide site amenity points, a threshold basis limit increase, and beginning in 2019 a tiebreaker bonus for qualified projects located in a census tract designated on the TCAC/HCD Opportunity Area Map as Highest or High Resource. TCAC received public comment on the draft methodology and maps for […]

After reviewing public comments, I am pleased to issue the TCAC final proposed regulation changes with revisions to various items.  Also included is the comment matrix that lists and responds to public comments and explains the proposed revisions.  The TCAC Committee will consider the final proposed regulation changes at the December 12, 2018 meeting. Mark Stivers […]

The California Tax Credit Allocation Committee (TCAC) invites and highly encourages affordable housing developers and interested parties involved in projects reserved LIHTCs to attend the half-day workshops on Placed-in-Service submissions to the California LIHTC program. Workshop Details Overview of PIS Documents and Checklist Overview of Submission Requirements Tips and Common Pitfalls Locations and Dates: SACRAMENTO […]

Housing was on the ballot in many communities last week.  Below are links to some notable highlights from around the country: San Francisco voters approved a tax on big business to fund permanent housing, emergency shelters and mental health services for the city’s homeless people. Economists said it would raise $250 million to $300 million.  Portland-area […]

The California Department of Housing and Community Development (HCD) has just released the Housing for a Healthy California (HHC) program Draft Guidelines. In September of 2017, as part of a landmark housing package, Governor Jerry Brown signed AB 74 into law. The goal of the HHC program is to reduce the financial burden on local […]

The Revised Draft Investment Plan identifies future investment priorities and strategies to expand the scope and reach of the existing California Climate Investments programs, such as the Affordable Housing and Sustainable Communities (AHSC) program. To guide the investment of Cap-and-Trade auction proceeds, the Department of Finance, in consultation with the California Air Resources Board (CARB) […]

SB 2 Planning Grants Draft Guidelines Released Now Accepting Public Comments Last Day to Submit Comments is: Wednesday, November 7, 2018 On October 9, 2018, the California Department of Housing and Community Development (HCD) released the SB 2 Planning Grants Draft Guidelines. The SB 2 Planning Grants Program is part of the Governor’s 15 bill housing package […]

The July 2018 CTCAC round was the first opportunity for users to submit an application using the new CDLAC/TCAC joint online application.  The new application was well received with a combined total of 21 joint application projects receiving CDLAC allocation at the July and September rounds. In response to feedback received from users, we’ve made revisions to […]

California’s landmark housing package–packed with 15 game-changing new laws–was signed by Governor Brown one year ago. How is California a different place one year later? Homelessness relief funding from Senate Bill 2, our permanent source for affordable housing is exceeding projections. Developments are coming to market faster through streamlined approvals, thanks to Senate Bill 35. HCD is […]