Certificated State Tax Credit Bill Will Increase Equity Pricing
On June 27th, 2016, Governor Brown signed into law important changes to the State Low Income Housing Tax Credit (LIHTC) program that will substantially increase equity pricing for nonprofit developers of LIHTC-financed properties by allowing them to certificate state housing credits and sell them separately from federal LIHTCs. The California Housing Partnership and State Treasurer John Chiang co-sponsored and helped draft this Read More