TCAC Releases Memo for Second Round of LIHTC Allocation

Wednesday, July 6, 2005 - 7:45AM

California Tax Credit Allocation Committee (TCAC) executive director Lynn Wehrli released a memo last week to applicants for TCAC's second round of low-income housing tax credit (LIHTC) allocation regarding the Department of Industrial Relations recent confirmation that federal tax credits and tax-exempt bond financing are not subject to prevailing wage requirements. The memo outlines the implications of the DIR ruling and the options available to applicants for LIHTCs. Click here for a copy of the memo.

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