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California TCAC to Meet About Awarding 4 Percent LIHTCs to Bond Projects

Wednesday, April 21, 2004 - 1:45AM

The California Tax Credit Allocation Committee (TCAC) meets today to consider awarding 4 percent federal low-income housing tax credits (LIHTCs) to 15 projects that have been recommended reservations of tax-exempt housing bonds by the California Debt Limit Allocation Committee (CDLAC) in the first round of 2004. CDLAC also meets today to consider the final staff recommendations for bond allocation. Applications for CDLAC’s second round are due July 7, 2004; Novogradac & Company LLP will present two Tax-Exempt Private Activity Housing Bond Application Workshops, June 3 in San Diego and June 4 in San Francisco, to explore the challenges and rewards of successfully completing an application.

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