This past Wednesday's PMIB hearing was a much better experience than the meeting a month earlier.  The state is planning a $4 billion bond issuance next week and depending on the market's response, another issuance of approximately $1.5 billion in late April.  At the PMIB meeting, the board approved staff's recommendation to make available $500 million of the $4 billion for "high priority projects" as to be recommended by the Department of Finance (DOF).  The PMIB board will consider DOF's recommendations at a special meeting scheduled for Friday, April 3.

CHC will be co-hosting these regional stakeholder meetings with the Department of Housing and Community Development.  The San Diego event will be held on June 2 at the SANDAG offices, more information is available here.  The Sunnyvale event will be held at the offices of Palm, Inc on June 10, more information available here and in the flyer attached below.

This afternoon the Department of Housing and Community Development (HCD) has released the $240MM Notice of Affordability for the Infill Set-Aside of PROP 1C.  You may download the Department’s explanatory memo, the Final Infill Guidelines, and the NOFA itself at:  http://www.hcd.ca.gov/fa/iig/ .

HCD will host workshops for those considering making an application by the April 4 deadline – March 5 (Los Angeles); March 7 (Sacramento); and March 11 (Fresno).

The California Department of Housing and Community Development (HCD) will be holding stakeholder meetings in October on the Infill Incentive Grant Program created through Prop 1C.  The Department will subsequently release guidelines with the intention of releasing a Notice of Funding Available by January 2008 The dates and locations for the meetings are as follows: