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State Funds
Frozen |
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The budget impasse remains in Sacramento with
far-reaching effects. The State's financial crisis
has resulted in a freeze on State funds and the issuance
of NOFAs for the Prop 1C programs such as TOD and Infill
Infrastructure Grants. Of greatest concern, are
developments already under construction that were
anticipating making draws in the near future or
accessing funds for project closings. If HCD
submitted a warrant for a draw to the State Controller
before December 17, 2008, the disbursement will be made.
All other disbursements are frozen indefinitely.
Developers who are uncertain about the status of their
disbursement should contact their program manager at
HCD. There isn't a single list to
check.
In order for disbursements to resume, the
Legislature must pass a new budget which the Governor
signs, and the State Treasurer must sell more bonds.
Letters and calls are needed to your Legislators and the
Governor to help them understand the direct impact of
this impasse on projects in their districts. SDHF's
letter to the Governor is here. |
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Next Roundtable Focuses on
Challenges |
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The first Affordable Housing Roundtable of 2009
took place yesterday and featured Rick Gentry, CEO of
the San Diego Housing Commission. Attendees heard a
presentation on Gentry's first 100 days then shared
their concerns and questions. It was an informative and
interactive session. Right on its heels
may be the most important roundtable to date on
Thursday, February 5, 2009. "Finance and Development
Strategies for A Challenging '09" features developers,
lenders, investors and others discussing the state of
the affordable housing industry and an assessment of
what's ahead 2009. This extended session (an extra hour)
is also interactive so attendees should come prepared
with questions for the panel members. The
Roundtable is sponsored by California Housing
Partnership Corporation. Space is limited so it may not
be possible to accommodate late registrations or
walk-ins after that date. The Roundtable begins with a
continental breakfast at 7:30 a.m. and
continues until 10:30 a.m. at the NTC Command
Center in Pt. Loma. For details and to register,
click here. |
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Ready for a Networking
Break? |
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Business Member SW Engineering has organized a
no-host Networking Happy Hour for affordable housing
professionals. The event will take place January 29,
2009 from 5 p.m. to 7:30 p.m. at Bondi Bar, 333 Fifth
Ave, in downtown San Diego. Please direct RSVPs to
Bree Wong at bree@sw-engr.net with number of people
attending or call 951-491-0433 with questions.
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Changes Proposed in Tax Credit
Regs |
Additional p roposed changes
from the California Tax Credit Allocation
Committee (TCAC) were issued on December 22 and are
available for public review. The initial proposed
changes and the rationale for making them
were available earlier in December and can be
viewed here.
Comments are due by 5 p.m. on Friday, January
30. There will be a public hearing on the
proposals Monday, January 26 beginning at 10 a.m. at 320
W. Fourth Street, Los Angeles in the Carmel
Auditorium.
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CSH Offers Training for Veterans
Housing, Services |
CSH and the National Coalition
for Homeless Veterans (NCHV) are hosting two-day
training sessions that will offer targeted technical
assistance for providers of permanent supportive housing
for homeless veterans. The allocation of 10,000 HUD-VASH
vouchers in 2008 (105 in San Diego) has increased
the momentum to develop supportive housing for homeless
veterans. To assist in building the capacity of
providers, CSH and NCHV have scheduled three training
sessions on a regional basis. The Western Region
training is in Los Angeles on January 14-15.
Registration is free and includes breakfast and lunch
both days as well as materials. To apply for the Los
Angeles training, click here.
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Updated Lobbying Sheets
Available |
The City of San Diego's Ethics Commission has
updated the Lobbying Ordinance fact sheets. The "Disclosure of
Fundraising Activities" fact sheet has been updated
to reflect an increase in the reporting threshold for
"fundraising activities." Prior to 2009, the threshold
was $1,000. Fundraising activities that take place after
January 1, 2009, however, must be reported only if they
reach a $2,000 threshold. In addition, the "Gifts From
Lobbyists" fact sheet has been updated to reflect a
change in the annual gift limits applicable to City
Officials. Although the $10 per calendar month limit on
gifts from lobbyists and lobbying entities has not
changed, the fact sheet's reference to gift limits for
City Officials (now $420) needed to be updated. The Ethics Commission has posted a
draft Lobbying
Manual on its website for public review. If you have
any comments on the Lobbying Manual, please provide the
Commission with your comments no later than January 30,
2009. If you have any questions regarding the
updated fact sheets or the draft manual, contact the
Ethics Commission at
619-533-3476. | |
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| February
Roundtable |
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Finance &
Development
Strategies for
A Challenging
2009
Thursday, February 5
7:30 a.m. to 10:30 a.m.
NTC Command Center
Pt. Loma
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