CA Treasurer John Chiang issued a press release regarding the joint CTCAC/CDLAC application process which is intended to streamline the process of using tax exempt bonds and 4% tax credits for development. For the press release click Here
HUD has released designations for Annual Base City High Cost Percentages and High Cost Areas for maximum mortgage amounts for the FHA Multifamily Housing Programs. In addition, the Multifamily Accelerated Processing (MAP) Guide adjusted the base amount per unit to define substantial rehabilitation for FHA insured loan programs. Not surprisingly all three states in our region are listed. In addition the MAP Guide has updated per unit cost factor for substantial rehab. To view the attached notice online, please click here.
The AZ Dept of Housing has opened the comment period for the 2019 Qualified Allocation Plan. For more information visit Information Bulletin.
CA HCD has released the HOME and National Trust Fund NOFAs for the current funding round. They are also hosting several workshops during June. For more information visit http://www.hcd.ca.gov/.