San Diego Houisng Federation Weekly Brief

 Friday, May 29, 2009

In This Issue
Fr. Joe Carroll Selected for Industry Achievement Award
Watch for Changes to TCAC Regs Next Week
Affordable Housing Funding Roundtable Thursday, June 4 -- Register NOW!

Fr. Joe Receives Industry Achievement Award

 
Awards Logo
The Federation is pleased to announce that Father Joe Carroll has been selected to receive the Lifetime Achievement Award at our 14th Annual Awards event, "Honoring Commitment to Community" on June 11, 2009. The rest of the finalists have been announced, but the winners will not be announced until the night of the event. Watch for the complete listing in the June issue of Housing and Community Development News.
 
Registration is currently open, and the Early Bird registration prices are valid through Thursday, June 4 so make sure you signup now to attend! (Buying a table is the best deal so think about who in your organization should be there!) You can find all the information, including a list of finalists and the registration here.
 
The preliminary Silent Auction catalog will be online by the end of the day, Monday, June 1 so you can start bidding or viewing the items. The bidding will continue through the night of the event.

Changes to TCAC Regs Coming Next Week


Watch for proposed changes to the California Tax Credit Allocation Committee regulations next week to incorporate a commitment of $100 million from the Tax Credit Assistance Program (TCAP) to deal with the state's PMIB problems affecting affordable housing deals with commitments from HCD. The provisions will apply to deals not yet under construction that are having difficulty securing financing because of the uncertainty in the state's financial position.  There will also be some other "tweeks" to the regulations, according to Bill Pavao, TCAC Director.
 
If you are applying for 9% tax credits, click here to see the answers to frequently asked questions from the CTCAC application workshops in early May.  These refer to the 2009 9% applications and ARRA funding applications (for tax credit exchange).

Register NOW for Funding Roundtable

 
Registrations are due Monday, June 1 for the next Affordable Housing Roundtable on Thursday, June 4. The topic is "Show Me the Money:  Up-to-Date Information on Funding Affordable Homes". It will be held at NTC Command Center beginning with a continental breakfast at 7:30 a.m.
 
Plan to hear the latest on tax credits, new state Prop 1C program allocations, funding for the state Multifamily Housing Program, and other glimmers of hope for creative financing for below market-rate developments. Speakers are: Johanna Gullick, Union Bank; Evan Beker, RED Capital; Paul Marra, Keyser Marston; and Tricia Tast Levien, Corporation for Supportive Housing. It is sponsored by CSH.  Registration for members is $14.
June Roundtable
Show Me the Money Update
Affordable Housing Roundtable 
 
 
Thursday, June 4
7:30 - 9:30 a.m.
 
NTC Command Center
 Pt. Loma
Click Here for Details 
Awards Event
SAVE THE DATE
 
June 11, 2009
 
Affordable Housing & Community Development Awards
 
Handlery Hotel
Mission Valley
 
5 p.m. 
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