SCANPH Responds To TCAC Proposals for Regulation Changes for 2009

The Southern California Association of Non-Profit Housing has convened a working group of developers and consultants with extensive experience developing below market-rate housing to consider the Tax Credit Allocation Committee's proposals to revise its regulations. After reviewing the posted revisions, our discussions focused on the proposed changes to Leveraging scoring and the Third Tie Breaker. SCANPH has adopted the unanimous consensus of the working group that 1) we strongly oppose the proposed changes to scoring Leveraging, and 2) the proposed changes to the Third Tie Breaker are a significant improvement to the current process.

To view the entire SCANPH letter on the TCAC proposals, please download it here.

ANNOUNCEMENT OF TCAC MEETING IN LOS ANGELES ON JANUARY 26, 2009

The California Tax Credit Allocation Committee (TCAC) staff has proposed regulation changes for 2009. The summary memorandum highlights what TCAC staff proposes to present to the Committee for their adoption in February, 2009.

TCAC staff will conduct public hearings to discuss and solicit comments in Los Angeles on Monday, January 26, 2009.

Monday, January 26, 2009
Junipero Serra State Building
320 W. Fourth Street, Los Angeles
7th Floor Conference Room
10:00 a.m. to 1:00 p.m.

TCAC staff is likely to propose additional changes in December, pending consideration of proposals by the stakeholder community. Those changes will be made available and will be posted on the SCANPH website.

Attachment	Size
SCANPH QAP Comments.pdf	25.08 KB
ProposedCTCACChanges_0108.pdf	183.85 KB