For those 9% credit reservation-holders wishing to compete for ARRA funds, TCAC will accept applications on or before 4 p.m. on November 10. TCAC will not accept a November 10 postmark, since extremely short timelines require them to have the applications in-hand no later than the designated date.

 

  

We're coming down to the wire on proposals to reform the housing tax credit program. The President signed the homebuyer tax credit today and the A.C.T.I.O.N. Coalition (A Call to Invest in Our Neighborhoods) was unsuccessful in getting the industry proposals included in that bill. We must continue to work very hard to get the reform proposals on the broader annual tax extenders bill, the next likely legislative vehicle for the A.C.T.I.O.N. proposals. Your support is really needed if we are to be successful in extending the tax credit exchange program and including 4% credits, providing a carryback provision, and opening housing credit investment to a larger pool of investors.
 
New materials are available in the Affordable Rental Housing A.C.T.I.O.N. Advocacy Toolkit: 

Letters and personal contacts are still needed, particularly to San Diego Members of Congress, asking them to contact House Ways and Means Chair Rep. Charles Rangel to let him know of their support for this program.  If you can personally contact any of our members of Congress, please let Tom or Doris in the SDHF know. Sample letters and other advocacy materials are available here.

The San Diego Housing Commission is holding a stakeholders' meeting to get input on the future of the City's commercial linkage fee program.  A recent audit by the City Auditor noted that the fee, which is the only source of funding for the Housing Trust Fund, has not been changed since 1996 when it was reduced.  The ordinance requires that it be reviewed annually.  The Land Use & Housing Committee asked the Housing Commission to update the nexus study and bring recommendations back next summer.  The committee also asked that the Commission on Revenue and Competitiveness review the fee as well for its impact on the business community. 

 

The purpose of the stakeholders meeting is to identify issues that should be studied as part of the nexus study.  It is scheduled for Thursday, November 19 from 9-11 a.m. at the Housing Commission offices at 1122 Broadway, Fourth Floor Conference Room, San Diego, California 92101.  Anyone who wants to attend should RSVP to Angie Risotti-Rios (619.578.7532) or angier@sdhc.org.

 

The USD Center for Real Estate Development is sponsoring a seminar Tuesday, November 10 on the future of Sustainable Development in San Diego. The seminar is being offered at USD's Manchester Conference Center from 6 to 9 p.m. The fee is $99. Speakers will provide an overview of government responsibility and policy development and present the latest implementation of sustainable practices achieved in the Eastern Urban Center Project in Otay Ranch. For more information, contact Julia at 619-260-7699 or juliarose@sandiego.edu.

 

Mark your calendar now for the SDHF Annual Meeting and Holiday Party.  Luce Forward has again offered the use of their law offices for this event. It is scheduled from 5 - 7:30 p.m., with the Annual Meeting and election of Board members promptly at 5 p.m. All members and prospective members are invited. Please RSVP to Kelley@housingsandiego.org.