Legislative Updates

AHMA-PSW’s Weekly Affordable Housing News 06/08/18

  • 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
  • CTCAC has released the agenda for the June 13 meeting.  The agenda may be viewed at June 13, 2018 Meeting Agenda
  • HUD is hosting a RAD for PRACS listening session on June 7.  For more info and to register click https://attendee.gotowebinar.com/register/7364974576186618883
  • CTCAC has released the updated CA Utility Allowance Calculator (CUAC).  Click Here for more info
  • The IRS has published a revised Form 8609.  The new form now contains the income averaging option.  To view the new form click here.
  • CTCAC has issued guidance memos for parties planning to submit an application for the 2018 competitive round.   The links are 2018 Second Round Guidance and 2018 Guidance for First Round Applicants Re-Applying in Second Round. First round applicants requesting to have an application updated with 2018 rent limits please contact Connie Harina
  • 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/.