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
Introduces the basic fundamentals of the federal Low Income Housing Tax Credit (LIHTC) program. What is a tax credit? Federal eligibility and affordability requirements Differences between 9% and 4% credits Calculating LIHTC credits and equity Basic ownership structure of a limited partnership Training is 2 hours and held via Zoom. An interactive group activity using breakout rooms will be incorporated 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 held via Zoom. An interactive group activity using breakout rooms is incorporated within the training to provide a practice exercise on Read More
Introduces the basic fundamentals of the federal Low Income Housing Tax Credit (LIHTC) program. What is a tax credit? Federal eligibility and affordability requirements Differences between 9% and 4% credits Calculating LIHTC credits and equity Basic ownership structure of a limited partnership Training is held via Zoom. An interactive group activity using breakout rooms is incorporated within the training to Read More
State legislation, increased demand and competition for resources, and new funding requirements have led to a flurry of new changes to familiar state housing funding programs. Join us to learn more about these changes what’s in store in the year ahead for the Tax Credit Allocation Committee (TCAC), California Debt Limit Allocation Committee (CDLAC), and the California Department of Housing Read More
What is driving underwriting decisions right now and are you prepared for changes in criteria? Join us on December 3rd at 3:30 pm for a workshop featuring leaders in affordable housing finance and development who will discuss how developers can best navigate the underwriting process given the economic factors shaping development activity and steps for greater resiliency. Attendees will leave Read More