Sign Up For Novogradac Industry Alert Emails

TCAC PROPOSES 45-DAY EXTENSION TO THE READINESS TO PROCEED DEADLINE

Wednesday, October 23, 2013 - 7:00AM

The California Tax Credit Allocation Committee (TCAC) said yesterday that it is proposing to extend by 45 days the readiness to proceed deadline for some 2013 low-income housing tax credit (LIHTC) recipients. TCAC found that many developers were unable to meet the 180-day begin construction deadline because of the federal government shutdown. This change is designed to give developers the necessary time to meet the readiness to proceed point scoring. TCAC staff members will present this regulation change at their Nov. 13 committee meeting.

Learn more about Novogradac's expertise and many services