TCAC ADDRESSES LIHTC PRICING UNCERTAINTY
In a memorandum this week the California Tax Credit Allocation Committee (TCAC) acknowledges pricing uncertainty in the low-income housing tax credit (LIHTC) market and describes how TCAC staff will view syndication letters when underwriting first round applications in light of this uncertainty. The first round of applications for LIHTCs in California is April 9.
To learn how other states' housing finance agencies are responding to current LIHTC market conditions, tune in to the April 1 and March 25 installments of the Novogradac Report on Tax Credits, a weekly podcast presented on Tax Credit Tuesdays.
A detailed examination of state housing agency responses to the LIHTC market will also be published in the May issue of the Journal of Tax Credit Housing.