California Releases Proposed LIHTC Changes

The California Tax Credit Allocation Committee is proposing several significant rule changes to the state’s low-income housing tax credit program, including updating the geographic apportionments to create a new city of Los Angeles region and eliminating what is known as the “50 percent rule.”

Officials have scheduled a series of hearings around the state to solicit comments on the possible changes.  The hearings will be Nov. 7 in Los Angeles, Nov. 8 in San Diego, Nov. 13 in Oakland, and Nov. 14 in Sacramento.

–  HousingFinance.com

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