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TCAC Publishes Second Draft of LIHTC Regulations

Thursday, January 23, 2003 - 1:45AM

The California Tax Credit Allocation Committee (TCAC) this week published a second draft of its regulations for the low-income housing tax credit (LIHTC) program in 2003. TCAC recently held two public meetings and accepted comments on the revised guidelines. Changes include eliminating extra points for proposals in areas without recent tax credit development; establishing greater differentiation in distances, times and types of amenities in the site amenities category; and reconfiguring the geographic regions using new census data and various indices of “need.” Click here for the latest draft regulations.

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