The Tax Credit Allocation Committee (TCAC) has announced the availability of $75 million of an anticipated $100 million in ARRA funds for projects that currently have a 4% Tax Exempt Bond Reservation and have been unable to secure an equity investor or have a committed equity partner yet still have a funding gap. This application is for 2007, 2008 and 2009 4% Tax Exempt Bond Reservation holders, including those that have submitted an application scheduled for approval (and ultimately approved) at the July 8, 2009, TCAC meeting. Please refer to TCAC Regulation Section 10323(c) for award amounts. One exception to this rule is that projects with a pending 4% application already determined to be complete by TCAC, and with committed HCD or MHSA funding may apply for ARRA funds at this time. Applications must be submitted by 4 p.m. on July 9.  A memo and application are here.

Don't get caught in the holiday rush. Registrations are due Monday, July 6 for the next Affordable Housing Roundtable on Thursday, July 9. The topic is "Section 8/ Project-Based Vouchers Update". It will be held at NTC Command Center and is a lunch session starting at 11:30a.m. 

The staff of the San Diego Housing Commission(SDHC) will give an update on the launch of their Project-Based Voucher program set for this summer. It will include plans for 2010 and a question and answer session.  SDHC Speakers are Jeff Davis, VP Rental Assistance Program; Cissy Fisher, AVP Development & Finance;  and Lynda Brophy, Program Administrator.  The Roundtable is sponsored by San Diego National Bank. Registration for members is $20.