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Agencies Working Together to Streamline Application Process for Developers Requesting Funding Assistance

Monday, January 31, 2005 - 8:00AM

The California Housing Finance Agency (CHFA), the Department of Housing and Community Development (DHCD), the California Tax Credit Allocation Committee (TCAC) and the California Debt Limit Allocation Committee (CDLAC) announced last week that they are working together to streamline the application process for developers requesting loans, low-income housing tax credits (LIHTCs) and/or tax-exempt private activity bonds for affordable housing developments in California. The agencies' goal is to create a universal application that would contain project information related to the development team and contact information; each housing agency would also require a supplement to the universal application that would address individual underwriting or program requirements. The agencies are soliciting input from the public concerning how the universal application should be structured. Written comments will be accepted until February 11, 2005. Click here for additional information.
TCAC also released an updated LIHTC allocation schedule for 2005.

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