Sign Up For Novogradac Industry Alert Emails

California Agency Extends Authority to Waive LIHTC Deposit Forfeitures

Tuesday, April 4, 2017 - 10:45AM

The California Debt Limit Allocation Committee granted authority to its executive director to waive until Aug. 15 the forfeiture of performance deposits associated with extension requests prompted by the disruption in the equity and debt market for low-income housing tax credit (LIHTC) investments. The executive director also has the authority to waive until July 1 performance deposit forfeitures and negative points associated with a full reversion of a bond allocation, if the reversion was prompted by the market disruptions.

Learn more about Novogradac's expertise and many services