AB 1193

Dear members and friends:  Governor Brown signed AB 1193 on Friday last extending the property tax exemption to over income tenants earning up to 140% of AMI.  We will walk through the positive impact of this bill by sharing a couple of examples with our members at the San Diego conference on Nov. 10.  In addition to allowing over income families to remain in  affordable units and keeping projects financially stable, 1193 will provide long term comfort to lenders and equity investors involved in refinancing and/or re-syndicating older affordable projects. More Details....

SB 2 – September 15, 2017

Dear Members and Friends:  SB 2 (perm source), SB 3 ($ billion ballot measure for 2018) and SB 35 (By Right with Prevailing Wages) passed the Assembly late last night.  See attached article and allocation of funds chart for more details.  CCAH is especially pleased that Governor Brown supported our effort to include 15% of SB 2 funds as a direct allocation to CalHFA for mixed income affordable housing. More Details....

Call to Action: Housing Credit Expansion Kick-Off Event Today

AFFORDABLE HOUSING BUILDERS AND LENDERS DISAPPOINTED BY LACK OF COMMITMENT TO ADDRESSING STATE’S HOUSING CRISIS More Details....

Victorville sues State over redevelopment laws!

April 13, 2012: More Details....

ABx1 26 Information

January 2012 More Details....

Judge Rules State Can Take $2B from Local Funds

Click here for details ~ Judge Rules State Can Take $2B from Local Funds More Details....

Tax Credit Pipeline Survey

2/12/2010 ~ LIHTC 2010 California Pipeline Survey More Details....

5-Year Carryback Legislation Introduced

12/1/2009 ~ There is light at the end of the tax credit tunnel thanks to the work of Congressman Pascrell (D-NJ) who recently introduced HR-4109.  This bill would permit the carryback of LIHTC for 5 years effective for taxable years beginning after December 31, 2007. More Details....

Congress Begins to Move on Low Income Housing Tax Credit Proposals!

11/23/2009 ~ Congress begins to move on Low Income Housing Tax Credit Proposals! Click to view the California Housing Partnership Corporation’s news release. More Details....

Senator Wydon (D – Oregon)

Senator Wydon (D – Oregon) earlier this week proposed a draft bill to assist in the development of rental housing for middle income families earning up to 100% of median income.  David Gasson will provide more details on this proposed legislation at the CCAH conference in San Diego on November 10, 2016. More Details....