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California TCAC Publishes Memo About Prevailing Wage Requirements, LIHTCs

Tuesday, December 6, 2005 - 1:45AM

The applicability of state prevailing wage requirements to low-income housing tax credit (LIHTC) projects has caused a great deal of uncertainty among applicants for LIHTCs in California during 2005. To ease some of that uncertainty, the California Tax Credit Allocation Committee (TCAC) yesterday published a memo providing additional guidance regarding prevailing wage estimates included in eligible basis. Click here for a copy of the memo.

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