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California LIHTC, Bond Allocation Committees Adopt Regulations to Streamline Allocations

Monday, December 28, 2020 - 9:00AM

California Treasurer Fiona Ma announced last week that the California Debt Limit Allocation Committee (CDLAC) and the California Tax Credit Allocation Committee (CTCAC) adopted regulations to streamline the process to finance housing using low-income housing tax credits (LIHTCs) and tax-exempt bonds. New regulations include sections for geographic sectors for bond allocations; prioritization for policy objectives concerning people experiencing homelessness, extremely low-income and low-income households; a scoring model that prioritizes developments that affirmatively further fair housing; and prioritizing financing for affordable, shovel-ready new construction and preservation properties.

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