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Monday, September 21, 2009 - 8:00AM

The California Tax Credit Allocation Committee (TCAC) announced Friday that it added two additional American Recovery and Reinvestment Act loan workshops for developers with a preliminary reservation of Tax Credit Assistance Program (TCAP) and Section 1602 low-income housing tax credit (LIHTC) exchange program funds. Developers with reservations of funds are required to attend one of the four loan workshops. The dates of the new workshops are September 29 in Sacramento and October 1 in Los Angeles. The previously announced workshops are September 21 in Sacramento and September 24 in Los Angeles. The TCAC workshops will offer an overview of the loan process and provide a greater understanding of the disbursement procedures, reporting requirements and federal requirements, including environmental review, Davis-Bacon prevailing wages and Section 504 compliance.

For even more information on the exchange program and TCAP, please join us in San Francisco for the 16th Annual Affordable Housing Conference. California State Treasurer Bill Lockyer will provide the Keynote address at Thursday’s luncheon and Bill Pavao, executive director of TCAC, will serve on a panel of state housing agency representatives who will address the state agencies’ new role.  For more details on the 16th Annual Affordable Housing Conference held October 1-2 at the InterContinental Hotel, click here.

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