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Congress Adopts Budget Resolutions Including National Housing Trust FundSubmitted by Robert Dhondrup on 7 Apr 2009 - 3:08pm.
California Tax Credit Allocation Committee Public Hearing Schedule AnnouncedSubmitted by Robert Dhondrup on 12 March 2009 - 3:25pm.
Notice is hereby given that the California Tax Credit Allocation Committee ("TCAC") will hold public hearings on March 24, 2009, March 25, 2009, and March 26, 2009, on proposed amendments to the Low Income Housing Tax Credit Qualified Allocation Plan. » SB16 (Low Income Housing Tax Credits) Receives New Support From BanksSubmitted by Robert Dhondrup on 12 Mar 2009 - 3:16pm.(as reported by Housing CA)
The California Bankers Association came out in support of SB 16 (Lowenthal) recently, which should help convince moderate and conservative legislators of the bill's value. SB 16 makes Low Income Housing Tax Credits awarded between July 1, 2008, and December 30, 2010, refundable for either the investor or awardees. Changes and Updates to the Neighborhood Stabilization Program in the American Recovery and Reinvestment Act of 2009Submitted by Robert Dhondrup on 5 March 2009 - 1:16pm.11 Mar 2009 - 12:00pm 11 Mar 2009 - 6:00pm Wednesday, March 11, 2009 at 3:00 PM (Eastern) Description Attn: All Developers, Send Your Development Funding Needs to HCD Immediately!Submitted by Robert Dhondrup on 20 February 2009 - 1:16pm.Attn: All Developers, Send Your Development Funding Needs to HCD Immediately!
Yesterday, Housing CA. met with HCD's Lynn Jacobs and Chris Westlake. HCD is compiling a list of projects frozen in the Pooled Money Investment Board (PMIB) queue. They have asked for our assistance in collecting information regarding anticipated dates by which funds will be needed to close or proceed with the next stage of development. The department is currently looking at a 12-month time horizon starting in March 2009. We Made A Difference! Affordable Home Builders Testify To PMIB On Bond Freeze ImpactSubmitted by Robert Dhondrup on 19 Feb 2009 - 1:17pm.(as reported by Housing CA)
THIRTY AFFORDABLE-HOME BUILDERS TESTIFY AT POOLED MONEY INVESTMENT BOARD MEETING SCANPH Action Alert: Federal Stimulus Moves to Conference Commmittee, Affordable Housing Funds CutSubmitted by Robert Dhondrup on 10 Feb 2009 - 9:17am.February 10, 2009: SCANPH Action Alert: Federal Stimulus Moves to Conference Commmittee, Affordable Housing Funds Cut
SB 16 Passes State Senate Revenue and Taxation CommitteeSubmitted by Robert Dhondrup on 5 Feb 2009 - 3:28pm.
The Senate Revenue and Taxation Committee has passed SB 16 (Lowenthal), a bill supported by SCANPH and affordable home builders making Low Income Housing Tax Credits (LIHTC) awarded between 2008 and 2010 refundable for investors or developers, in order to counter the recent drastic drop in interest among investors. Ron Sims Nominated for HUD Deputy SecretarySubmitted by Robert Dhondrup on 2 Feb 2009 - 11:28am.
Include investments in affordable homes in the American Recovery and Reinvestment ActSubmitted by Robert Dhondrup on 21 Jan 2009 - 4:53pm. Federal Update: Include investments in affordable homes in the American Recovery and Reinvestment Act
Low-income families in California are facing unprecedented hardship and homelessness is increasing as job losses and foreclosures increase.  |
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