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TCAC Issues Draft Regs, Hearing
Tuesday |
The California Tax Credit Allocation Committee
(TCAC) has issued draft
regulations that amend the state's Qualified
Allocation Plan (QAP). The amendments describe how
TCAC will disperse the $325 million of federal gap
financing and a similiar amount in tax credit exchanges
available through the federal stimulus
legislation. There is also a proposal for a new
tiebreaker.
Hearings
are scheduled throughout the state, including a
session in Los Angeles Tuesday beginning at 1 p.m.
SDHF will provide comments on the regulations at this
hearing. Please offer any suggestions for SDHF
comments to Tom Scott by mid-day Monday at tom@housingsandiego.org.
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HCD Issues
TOD, Infill Changes |
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The California Department of Housing and Community
Development (HCD) has announced changes to applications
for the next round of Transit Oriented Development(TOD)
and Infill Infrastructure grants (IIG). Both
programs will require that applications be from
jurisdictions with approved housing elements certified
by HCD by April 1 or June 3, 2009. Maximum grant/loan
limits were also clarified. For information, click here. |
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Update on Stalled State
Funds |
The Pooled Money Investment Board (PMIB) met in
Sacramento this week and SD affordable housing
developers were on hand making the case for putting
housing at the top of the priority list for state funds
as they become available. The State Treasurer
is planning a $4 billion bond issue next week and,
depending on the market's response, another issuance of
approximately $1.5 billion in late April. The PMIB
approved making $500 million available of the $4
billion for "high priority projects". These will
be recommended by the Department of Finance (DOF).
The PMIB will consider DOF's
priority recommendations at a special meeting
scheduled Friday, April 3.
Affordable housing will have plenty of competition
for these funds as there are other PMIB funding needs
around the state (transportation, highways, hospitals,
schools, universities, etc.). The Department of Housing
and Community Development (HCD) has compiled a list of
housing funding needs. They've reported that
approximately $320 million is needed from the PMIB to
meet project commitments for the three-month period of
March-May 2009 and an additional $250 million for the
three-month period of June-August 2009.
Letters are still needed to legislators asking them
to contact the PMIB (Director of Finance, State
Treasurer and Controller) requesting them to put housing
first in determining how the $500 million will be
allocated. Letters should also go directly to the
PMIB. For more information, contact doris@housingsandiego.org.
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Galante Going to
HUD |
BRIDGE Housing President and CEO Carol Galante
has been appointed as Deputy Assistant Secretary for
Multifamily Housing Programs at the U.S. Department of
Housing and Urban Development (HUD). As Deputy Assistant
Secretary, Galante will be responsible for HUD's
financing support for the development and preservation
of privately-owned rental housing (a current portfolio
of over $58 billion) and will be integral to several new
initiatives that promote sustainable
development.
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Supportive Housing Services Call
Tuesday |
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On Tuesday, March 24 from 11 a.m. to 2:30 p.m. PDT,
the National Alliance to End Homelessness and the
Corporation for Supportive Housing (CSH) will co-host a
free web-based conference call on the recent SAMHSA
request for applications. The Substance Abuse and Mental
Health Services Administration (SAMHSA) grants provide
an opportunity to fund services in supportive housing.
SAMHSA staff will make a brief presentation and be
available to answer questions on the call. SAMHSA
has recently released requests for applications for both
of these programs and this call will help clarify
SAMHSA's application procedures. To register and receive
details on how to join the audio conference, please
click here. |
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Section 8 Vouchers Available for
Vets |
Section 8 vouchers are available for homeless
veterans in San Diego. The catch is that a vet
must be referred by a VA case manager (do not call the
San Diego Housing Commission directly for these housing
vouchers). There are nearly 100 available with more
potentially on the way since this program has been
designated for most of the budgeted growth in the
Section 8 voucher program. A full description of
the current HUD Veterans Affairs Supportive Housing
Program (VASH) is available here. | |
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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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