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CDLAC Votes to Hold Third Round of LIHTC Funding

Thursday, September 27, 2001 - 7:00AM

After nearly $150 million was left on the table at the California Debt Limit Allocation Committee (CDLAC) meeting in August, the Committee voted this month to hold a third round to allocate the remaining funds. The timing of the third round was structured so that those 9 percent projects that were unsuccessful in the California Tax Credit Allocation Committee’s round awarded September 17 could apply for CDLAC funding yet this year. The deadline for third-round applications is October 4, with the Allocation Meeting scheduled for December 13.

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