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CALIFORNIA RELEASES REVISED LIHTC REGULATIONS, NEW APPLICATION PROTOCOL, 2007 SET-ASIDE ESTIMATES

Wednesday, February 14, 2007 - 7:45AM

The California Tax Credit Allocation Committee (TCAC) yesterday published a summary of comments received and final proposed changes to California’s qualified allocation plan (QAP) and program regulations for its low-income housing tax credit (LIHTC) in 2007. The proposed regulation changes, as revised, will be recommended for action at TCAC’s February 21, 2007 meeting. TCAC also announced new application submittal protocols and released preliminary estimates of the LIHTC amounts to be available under various set-aside categories in 2007.

TCAC is offering two one-day application training workshops; one in Anaheim on February 23 and another in Sacramento on February 27.

Novogradac & Company LLP is also offering a California Tax Credit Application Workshop on Friday, March 2 in Los Angeles.

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