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TCAC Hearings
Postponed |
Hearings have been postponed one week on proposed
TCAC regulations to implement the Tax Credit Assistance
Program (TCAP) and tax credit exchange program.
TCAP provides $325 million in HOME gap financing to
California through provisions of the American Recovery
and Reinvestment Act of 2009 . Approximately
$287 in cash will be available for the
exchange. The proposed regulations will modify the
state's Qualified Allocation Plan (QAP). The "first
draft" regulations are expected to be released on
Tuesday and will be posted here. The
regulations are tentatively set to be adopted April
30.
The new Southern California hearing date is
Tuesday, March 24 beginning at 1 p.m. in Los
Angeles. For information, click here.
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Letters Needed on Stalled State
Funds |
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Our message is simple: "Release housing funds
first!". Please be sure you send this message to
the State's Director of Finance Michael Genest, State
Treasurer William Lockyer, Controller John Chiang,
and San Diego County legislators. Genest,
Lockyer and Chiang are members of the California Pooled
Money Investment Board which is responsible for
allocating funds collected from state revenue
sources. Because most payments from the fund have
been frozen, affordable housing developments across the
state are stalled. Some cannot begin construction
and risk the loss of other leveraged funds. Other
projects are underway or have completed construction and
are ready to convert to permanent financing.
State Treasurer Bill Lockyer today announced
California's nine-month absence from the general
obligation (GO) bond market will end later this month
with a $4 billion deal. This offering will not be
sufficient, however, to fund the hundreds of state
highway and transportation projects, K-12 education,
universities and other construction-related developments
that have been frozen awaiting California's ability to
return to the bond market. Please send letters in
support of funding housing ahead of these other
important state programs. Key messages and addresses can
be found here.
The Pooled Money Investment Board is meeting in
Sacramento on Wednesday morning so it is important that
your letters get to PMIB members before
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Mayors Discuss Keeping Cities
Great |
Chicago Mayor Richard Daley and former Mayor of
Bogotá Enrique Peñalosa will lead a discussion on "The
Upside of Down: How to Keep Our Cities Great" at
7:30 a.m. Friday, March 20 at the Forum Auditorium
on the Scripps Institution of Oceanography campus of the
University of California, San Diego. The event is free
but you must register in advance by contacting Robin
Wittman of UC San Diego Extension by emailing rwittman@ucsd.edu. Free parking is
available at the Birch Aquarium at SIO with shuttles to
the Forum Auditorium.
The moderated discussion will cover the views of
two mayors who have catapulted their cities to
international acclaim. Just two weeks before making his
presentation to the International Olympic Committee,
Chicago Mayor Richard Daley will share how his city has
moved from "second city" status to global city status
for the Olympics and beyond. Enrique Peñalosa will
share the bold moves he made to position Bogotá,
Colombia as a model of enlightened planning for the
world. |
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Save June 11 for Awards
Event
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SDHF's 14th Annual Affordable Housing &
Community Development Recognition Awards event will take
place on Thursday, June 11, at the Handlery Hotel
& Resort in Mission Valley. The theme of the event
is "Honoring Commitment to Community" and will recognize
the outstanding people and projects in affordable
housing from 2008. The event includes a cocktail
networking hour, silent auction and awards program and
runs from 5 p.m. to 7:30p.m. The nominations will open
in early April, and will be announced here when they are
open. In addition, information about donating to the
silent auction and sponsorship opportunities will be
coming very soon. Please be sure to watch Awards Event
on the Federation's web site for the latest
information. |
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Federation Sponsorships
Available |
The San Diego Housing Federation needs your
help now more than ever. You can do that by signing up
to be a sponsor at our two major events, the Awards
event (June 11) or the Fall Conference (October 16).
Sponsorships are available in all categories. Click here to
view the opportunites and to access the
commitment form.
Feel free to pass this along to your nonmember
partners. And, encourage them to join the Federation.
They can learn about SDHF membership (including an
online version of the Membership Brochure) and download
an application by clicking here. Make
sure to have them tell us who referred them!
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| May Roundtable |
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Understanding Tax Credit Partnership
Agreements
Affordable Housing Roundtable
Thursday, May 7
7:30 - 9:30 a.m.
NTC Command Center
Pt. Loma
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| Quick Links |
SAVE THE DATE
June 11, 2009
Affordable Housing & Community
Development Awards
Handlery Hotel
Mission Valley
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