TCAC Defers Adoption of Revised 2005 LIHTC Program Regulations

Thursday, January 27, 2005 - 8:00am

In order to allow more time for review, the California Tax Credit Allocation Committee (TCAC) decided yesterday to defer adoption of the revised 2005 low-income housing tax credit (LIHTC) program regulations, now in the third draft version, until its meeting scheduled for February 16, 2005. TCAC will continue to accept public comments on the final draft until February 4. In a letter posted today, TCAC Executive Director Lynn Wehrli encourages interested parties to limit comments generally to the areas of the regulations already under discussion, primarily changes made in the third draft, and not to add new issues that would merit additional hearings or that would alter upcoming applications. Click here for more information.