Attached is the just released survey by Ernst & Young concerning Low Income Housing Tax Credit Investment. The survey was commissioned by Enterprise Community Partners, Inc. and Local Initiatives Support Corporation in order to better understand the Low Income Housing Tax Credit (LIHTC) investment market and to analyze investor responses to certain legislative proposals. 

Specific information on jobs and amount of investment that would be generated at  www.rentalhousingaction.org .

On April 7, CHC submitted its comments on the proposed regulation changes to Director William Pavao. Please download the attachment to read the Committee's comments.

The Board of Directors of CHC is extremely pleased to introduce the new Executive Director of CHC and the CHC Institute, Raymond C. Pearl.

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.

The Pooled Money Investment Board (PMIB) will be meeting in Sacramento on Wednesday, February 18, 2009 from 10:00 a.m. to 2:00 pm at 1500 11th Street, 1st Floor Auditorium.  At about 9:30 am, the affordable housing contingency will gather outside the auditorium to coordinate.

The House and Senate are currently conferencing on the American Recovery and Reinvestment Act of 2009.  California Housing Consortium has signed onto the attached letter promoted by the Affordable Housing Tax Credit Coalition and other national and local affordable housing organizations urging Congress to include $2-$5 billion in capital and other tax credit provisions all aimed at promoting the production of much needed affordable housing.

The California Housing Consortium  annual CHC Policy Forum and Housing Hall of Fame Luncheon was a great success.  See pictures and a summary of the event by Clicking Here!

CHC is looking for a skilled and passionate multi-tasker to fill the position of Program and Administrative Assistant.  The full job description and application instructions are attached.  Feel free to pass on information about this position to any qualified applicants.

The full application for the TOD NOFA is now available on the HCD website at: http://www.hcd.ca.gov/fa/tod/app.html

Additionally, HCD is holding four application workshops around the state begining in late January and through February for both the Transit-Oriented Development and Infill Programs.  See links below or attached documents for more information and to RSVP for one of the workshops:

http://www.hcd.ca.gov/fa/Bond_Program_Workshops.pdf

http://www.hcd.ca.gov/fa/tod/TOD_Workshop_Notice.doc

With the mortgage and credit crisis becoming an issue across the nation, many organizations are putting together programs to address the threat for foreclosure to low-income families.