Housing & Community Development
Weekly
Brief
Friday, July 29,
2005
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CTCAC Round 2 for San Diego County Oversubscribed
The California Tax Credit Allocation Committee published the applicants for the second round of 9% tax credit allocations for 2005. Five projects from San Diego County requested a total of $7,594,143 of credits. The regional allocation for San Diego County for this round is $3,079,953, less than half of the amount requested.
| Project | City | Fed Credits Requested | Total Units | Type |
| Plaza Apartments | National City | 1,196,496 | 80 | Senior |
| Community Road | Poway | 1,083,296 | 56 | Large Family |
| City Heights Senior | City Heights | 1,999,198 | 151 | Senior |
| Auburn Park | City Heights | 1,358,894 | 69 | Large Family |
| Spring Garden | Spring Valley | 1,956,259 | 91 | Large Family |
Depending on scoring and tie-breakers, up to three projects could possible be funded. See http://www.treasurer.ca.gov/ctcac/2005/2nd_rd_applist.pdf for details of all applicants.
Senate Banking Committee Acts On GSE
Reform
No Affordable Housing Fund
The Senate Banking Committee met yesterday to consider reforms of Fannie Mae and Freddie Mac. The Housing of Representatives has included a requirement in their version that these two organizations establish an "Affordable Housing Fund" with 5% of their profits (see July 2005 Housing & Community Development News for details). The Senate Banking Committee passed out a version of the bill that does not include this provision. The vote was 11-9 along straight party lines. Senators from both parties spoke in favor of the Fund and there is some hope that it can be amended on the Senate floor or in conference committee. For more information see: http://www.nhtf.org.
Energy Efficiency In Multifamily
Housing
Date: Tuesday, August 16,
2005 Time: 8:30 a.m. to 12:30 p.m.
Place: San Diego Workforce Partnership Metro Community Room
3910
University Ave., San Diego, CA 92105, 619-228-2900
Cost: Free
Registration, Free Parking
This is an opportunity for Multifamily Owners, Developers and Managers of Affordable Housing developments to learn about various energy programs, financing models, low income programs, construction and rehab incentives, and 2005 Energy Code and related TCAC changes. You will also be invited to tour Metro Villas, an energy efficient housing development. Jointly Sponsored by SDG&E and the San Diego HUD Office.
Click
Here for Registration Form and Detailed Program
Agenda
Celebrating 15 Years of Support and Advocacy for Affordable Housing
Website: http://www.housingsandiego.org
Email: sdhf@housingsandiego.org
