California
CTCAC is Implementing a Moratorium on Subordinating Existing Regulatory Agreements to Acquisition or Refinancing Debt
Effective immediately, CTCAC is implementing a moratorium on subordinating existing regulatory agreements to acquisition or refinancing debt. Please visit CTCAC’s website to view the memo outlining the policy changes.
CTCAC Posted 2014 Workshop Presentation Slides
California Tax Credit Allocation Committee posted the 2014 Development Application Workshop presentation slides on the TCAC website.
CTCAC Board Approved 2014 California QAP
The California Tax Credit Allocation Committee (CTCAC) Board Approved the 2014 California QAP. Additionally, CTCAC announced the 5 dates for the 2014 LIHTC Workshops.
2014 California QAP: Final Version Available
Last week, California Tax Credit Allocation Committee (TCAC) released the final proposed changes to the 2014 California Qualified Allocation Plan (QAP).
IRS Sets State Credit Ceilings for 2014
The Internal Revenue Service (IRS) announced in Revenue Procedure 2013-35 that it has set the inflation-adjusted State credit ceiling for the Low-Income Housing Tax Credit (LIHTC) program and private activity bond caps for calendar year 2014.
IRS Announces 2013 Carryover Allocations Totaling $2.46 Million
The Internal Revenue Service (IRS) recently published Revenue Procedure 2013-31, which details the amounts of unused Low-Income Housing Tax Credit (LIHTC) carryovers allocated for calendar year 2013.
UPDATE: Two California Assembly Committees Approve Bill to Establish Housing Trust Fund
Two Committees within the California State Assembly, the Committee on Housing and Community Development and the Labor and Employment Committee, recently approved the California Homes and Jobs Act of 2013 (SB 391).
NHC and CHP Publish Veterans Housing Guide
The National Housing Conference and California Housing Partnership have published a new guide titled “Veterans Permanent Supportive Housing: Policy and Practice”.
California Releases Final Regulation Changes to Cost Certification and Market Study Requirements
The California Tax Credit Allocation Committee (CTCAC) has released the final proposed regulation changes to the CPA Final Cost Certification Requirements and Market Study Requirements for the current 2013 program year.
CTCAC Releases CUAC FAQ
The California Tax Credit Allocation Committee CTCAC has released a Frequently Asked Questions (FAQ) document for California Utility Allowance Calculator (CUAC) submissions to the agency.
CalHFA Expands the Multifamily Preservation Loan Program
The California Housing Finance Agency (CalHFA) recently announced the expansion of its Preservation Loan Program, a financing program to maintain affordability of multifamily housing across the state.
California Posts 2013 Tax Credit Applications and Attachements
The California Tax Credit Allocation Committee has posted its 2013 applications for its 2013 9% Competitive Tax Credit Application, 2013 4% Competitive Tax-Exempt Bond Application Combining Federal and State Tax Credits and 2013 4% Tax-Exempt Bond Application. The committee has also posted numerous attachments including…