Legislative Updates

AHMA-PSW’s Weekly Affordable Housing News

  • HCD Announcements:  As of January 23, 2018, the Division of Financial Assistance (DFA) will begin the process to consolidate its contract and grant management functions. This implementation will become fully effective March 1, 2018. The objectives of this consolidation are to improve program outcomes and customer service in alignment with legislative and on-going CDBG program redesign activities.  The consolidation will primarily impact DFA’s grants management activities in both federal programs (CDBG, HOME, ESG) and state programs (CalHOME). These sections oversee grants after the contract is executed until it is fully disbursed and closed out, but does not oversee multifamily rental project development and loan closing.  For more info, including staff assignments control click Here
  • More HCD Announcements:  Implementation of California’s historic 15-bill housing package has begun. HCD launched a webpage dedicated to the 2017 Housing Package last December, and today released frequently asked questions and projected milestones and activities for each new law.  Also now Available — Senate Bill 35 Maps and Summary.  Wanted: Your Input! Help Shape the 2017 Housing Package Implementation.  For the full announcement and links visit the HCD website.
  • The agenda for the CTCAC Committee meeting on February 14 has been posted at Agenda
  • The 2018 Rural Methodology and the 2018 Market Study Guidelines are now available on the CTCAC Website.  To view follow the links:  2018 Methodology for Determining Rural Status of Project site: http://www.treasurer.ca.gov/ctcac/2018/methodology.pdf.  2018 Market Study Guidelines:  http://www.treasurer.ca.gov/ctcac/mktstudy/2018.pdf
  • The 2018 TCAC Low-Income Housing Tax Credit (LIHTC) Application Workshops‘ Questions and Answers (Q&As) are now available on the CTCAC Application Information website.  To view the Q&A please follow the link: http://www.treasurer.ca.gov/ctcac/workshop/2018/questions.pdf