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California Agencies Release Ideas on High-Cost Developments

Wednesday, August 17, 2016 - 12:00PM

Two California affordable housing agencies released a list of ideas this week to address high-cost developments in the state. The suggestions came after task force meetings and include two that Mark Stivers of the California Tax Credit Allocation Committee and Jeree Glasser-Hedrick of the California Debt Limit Allocation Committee said will be pursued administratively and six that may be proposed as regulation changes. The proposed changes include limiting bond allocation on a per-unit basis, providing a developer fee incentive to minimize costs for 9 percent low-income housing tax credit (LIHTC) developments and reducing minimum-unit size requirements.

For more information, tune in to the Aug. 23 episode of the Tax Credit Tuesday podcast.

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