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CALIFORNIA RELEASES SECOND ROUND GUIDANCE

Monday, June 4, 2012 - 7:00AM

The California Tax Credit Allocation Committee (CTCAC) today released guidance for first round applicants reapplying in the second low-income housing tax credit round and additional guidance for all second round applicants. Applications for the second round are due by July 25, 2012. The memo said that first round applicants who are reapplying in the second round must submit a complete application, but CTCAC said that it will accept time-sensitive documents submitted during the first round, with a few exceptions. The memo also suggests that applicants review their applications for common errors. A second memo clarifies application requirements for all second round applicants.

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