CALIFORNIA CONSIDERS LIHTC REGULATION CHANGES FOR 2013

Thursday, October 25, 2012 - 7:00AM

The California Tax Credit Allocation Committee (TCAC) is accepting comments on proposed low-income housing tax credit (LIHTC) regulation changes for 2013. The changes include a greater focus on high-scoring developments with larger LIHTC requests and the elimination of the requirement that at least 50 percent of a 9 percent applicant’s LIHTC request remain in a geographic apportionment. TCAC will conduct four public hearings in November to gather public comments on its proposals.

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