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California TCAC Seeks Deadlines Feedback from LIHTC Allocatees

Tuesday, November 22, 2016 - 12:45PM

The California Tax Credit Allocation Committee (TCAC) announced today that it welcomes feedback from 2016 low-income housing tax credit (LIHTC) first-round allocatees who are concerned about meeting the readiness deadline. The announcement said that the prospect of federal tax reform is causing uncertainty and disruption in the LIHTC market and acknowledged that imminent deadlines bring the risk of credit rescission or negative points. The announcement said that TCAC isn’t inclined to offer relief yet but is seeking information.

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