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TCAC TO CONSIDER PROPOSED 2008 REGULATIONS NEXT WEEK

Tuesday, January 15, 2008 - 7:45AM

The California Tax Credit Allocation Committee (TCAC) yesterday released an update on the proposed regulations for its 2008 low-income housing tax credit (LIHTC) program. On November 21, TCAC released proposed regulation changes for program year 2008 and TCAC staff subsequently held four public hearings and accepted written public comments. Fifty-three individuals and organizations formally commented on the initial proposed changes and TCAC staff yesterday released a summary of those comments and the final recommendations it will submit for committee consideration and adoption on January 23, 2008.

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