Panelists Say California PUC Should Reclassify LIHTC Properties As Residential

Tuesday, May 22, 2001 - 1:45AM

To counter the crippling effect of the energy crisis, the California Public Utility Commission (PUC) should reclassify low-income housing tax credit (LIHC) properties with regulatory agreements as residential so that sponsors are eligible for baseline reductions, panelists told the 22nd Annual Housing California Conference on May 21. Currently, baseline exemptions do not apply to LIHC properties because rental housing is classified as commercial. This change would encourage conservation and reduce the burden of electricity hikes to affordable housing sponsors.

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