This is a session on Day 1 of the San Joaquin Valley Affordable Housing Summit, September 21-23. The Low-Income Housing Tax Credit remains the most important, yet one of the most complex, financing tools for the creation and preservation of affordable developments in California. This webinar covers the nuts and bolts of the tax credit program. Both beginner and intermediate Read More
MHP, HHC, AHSC, VHHP, NPLH, UMRs – drowning in the acronym soup? Join us for a primer on the California Department of Housing and Community Development’s (HCD) underwriting, loan programs, and closing process. We will discuss the building blocks of the HCD Universal Multifamily Regulations (UMRs); review general, supportive, and transit-oriented HCD programs; and explore case studies. This session will Read More
This session from the Partnership will provide participants an introduction to the basics of using tax-exempt bond financing in affordable housing developments, as well as an overview of California’s competitive allocation process. Topics covered include: What is a tax-exempt bond and why are they used? Deal structure and participants Technical requirements: 50% Test, Good costs vs. Bad costs Process of Read More
A 2-hour learning lab on Day 3 of Housing California’s 2021 (Un)Conference: Homes, Health, and Wealth for All Californians, June 22-24 The groundbreakings and grand openings get all the press and photo-ops, but this Learning Lab shines a light on what happens behind the scenes from before the shovel goes in to after the ribbon gets cut. We’ll introduce you Read More
A 2-hour learning lab on Day 3 of Housing California’s 2021 (Un)Conference: Homes, Health, and Wealth for All Californians, June 22-24 Tax-exempt bonds are a complex financing tool commonly used by affordable housing developers. Accessing this resource has been made even more complex in 2021 with the shift to a competitive allocation process. This Learning Lab will teach you basic Read More
A 2-hour learning lab on Day 3 of Housing California’s 2021 (Un)Conference: Homes, Health, and Wealth for All Californians, June 22-24 The Low-Income Housing Tax Credit remains the most important, yet one of the most complex, financing tools for the creation and preservation of affordable developments in California. This Institute combines lessons from Financial Consultants and presentations from TCAC staff Read More
The scale of housing insecurity, lack of affordability, and homelessness in California, exacerbated by the economic fall-out from COVID-19, calls for bold, innovative solutions. There are major federal and state proposals being developed that would significantly increase the resources available for multifamily affordable housing in California, placing unprecedented challenges and demands on the private financing sector. This workshop brings together Read More
The development of new affordable housing in the U.S. relies on a complex and fragmented financing system. The Low-Income Housing Tax Credit (LIHTC) program has been the primary source of new affordable housing in the past few decades. But the growing gaps between what a typical LIHTC project can raise in equity and its total development costs—along with policy decisions Read More
Acquisition-rehab (acq-rehab) has gained significant momentum in the past few years to create affordable housing and to stabilize communities in California. Local pilot programs have inspired policy campaigns across the state and significant public investment both at the local and state level. The acquisition of occupied, unsubsidized properties (often referred to as “NOAH”) and preserving these homes as permanent affordable Read More
Builds on the LIHTC 101 training to provide an overlay of specific requirements for developments in California. California state tax credits State eligibility and affordability requirements Threshold Basis Limits TCAC underwriting requirements Competitive 9% LIHTC allocation system Training is 2.5 hours and held via Zoom. An interactive group activity using breakout rooms will be incorporated to run through a scenario exercise. Read More