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TCAC Approves New
Regs |
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The California Tax Credit Allocation
Committee (TCAC) approved new regulations for the
state's low income housing tax credit program QAP
Thursday. The only change made at Committee
now permits prior-year 4% reservation recipients
to compete for a federal cash-in-lieu of credit
award without reapplying for a bond allocation. So
long as the project had a bond allocation at one time,
and since returned it to CDLAC, the project sponsor need
not apply for a bond allocation again. The final version
will be posted here early
next week.
TCAC Application Workshops begin this week. The
schedule is:
- May 4, 2009 Sacramento Holiday Inn Capitol
Plaza 1:00 pm to 4:30 pm
- May 5, 2009 Los Angeles Millennium Biltmore
1:00 pm to 4:30 pm FULL
- May 6, 2009 Los Angeles Millennium Biltmore
9:00 am to 12:30 pm FULL
- May 8, 2009 Oakland Elihu Harris Building
1:00 pm to 4:30 pm
If you wish to register for Sacramento or Oakland
workshops, or if you did not receive a confirmation
notice of your new registration date, contact Diana
Hester at 916-654-6340.
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Register Now for Roundtable
Thursday |
SDHF's Affordable Housing Roundtable on
"Understanding Tax Cedit Partnership Agreements" is
Thursday morning at the NTC Command Center. It
begins with registration and a continental breakfast at
7:30 a.m. The seminar, sponsored by Hitzke Development
Corporation, is from 8 a.m. until 9:30 a.m.
Speakers are Amy DeVaudreuil, Goldfarb & Lipman
LLP, and Andrea Caruso Townsend, Squire, Sanders &
Dempsey, LLP. Register here.
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Award Nominations Due May
11 |
Nominations
for the this year's San Diego Housing Federation
Affordable Housing Awards are due Monday, May 11.
The Awards will be presented Thursday, June 11 at
the Handlery Hotel. Nomination
forms, including all of the category descriptions and
requirements, are available here.
Sponsorships for the Awards Event are
encouraged and due by May 11 to ensure pre-event
placement. All sponsor levels include complimentary
registrations to the event. The Federation has a list of
all
sponsorship
opportunities available
for the year if you prefer to make one contribution for
both the Awards Event and the Fall Conference.
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HCD Seeks Innovation Fund
Input |
The Department of Housing and Community Development
(HCD) is in the process of developing two new loan funds
to be used for the acquisition of real property for the
development or preservation of affordable housing. They
are the Loan Fund and the Practitioner Fund.
A draft proposal for the form the Practioner fund
will take will be discussed on May 13. As described in
the authorizing statute, the Department will select one
or more Practitioners to access the Practitioner Fund.
In order to be selected, a Practitioner must be a
non-profit housing developer with extensive affordable
housing development experience, an organization with
significant production capacity and assets of $200
million or more.
The development of the Loan Fund requires HCD to
select a Fund Manager. This Fund will be discussed
on May 12. Eligible applicants for Fund Manager
are well capitalized California non-profit affordable
housing lenders. The Fund Manager will administer the
fund and make loans to affordable housing developers.
The goal of this meeting is to review the Department's
Loan Fund program proposal and to hear ideas on how to
develop a successful working program. Potential
applicants for Fund Manager and other interested parties
are invited to attend this meeting.
Details on the meetings and draft proposals are here. |
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USD Finance Course
Offered |
The University of San Diego Burnham Moore's
School of Real Estate is sponsoring a four-week
course on real estate finance begiinning May 6. It will
be offered from 6 p.m. to 9 p.m. Daniel Phelan,
President & CEO of Pacific Southwest Realty
Services, is the instructor. For more information
contact Julia at juliarose@sandiego.edu. |
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Consolidated Plan to SD City
Council Tuesday |
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The Five-Year Consolidated Plan describing how the
City of San Diego plans to use $26 million
in federal funds for housing and community
development programs including HOME, CDBG,
Emergency Shelter Grants, HOPWA grants for housing those
with HIV/AIDS, and the Comprehensive Housing and
Affordability Strategy (CHAS) will be presented to
the City Council Tuesday, May 5 at the session that
begins at 2 p.m.
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| May Roundtable |
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Understanding Tax Credit Partnership
Agreements
Affordable Housing Roundtable
Thursday, May 7
7:30 - 9:30 a.m.
NTC Command Center
Pt. Loma
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| Awards Event |
SAVE THE DATE
June 11, 2009
Affordable Housing & Community
Development Awards
Handlery Hotel
Mission Valley
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