Case Challenges California’s InclusionaryHousing Laws
Affordable housing advocates in California are keeping a close eye on local housing laws this year after a developer won a major victory in his challenge of a Los Angeles plan.
Exchange Program Could Spur 155 CaliforniaProjects
Nearly 13,000 affordable housing units could begin construction in California this year, generating more than 16,000 jobs, if equity investments are combined with the exchange of otherwise unusable 4 percent and 9 percent low-income housing tax credits (L
Sustainable Development Report Available
New California-based nonprofit Partnership for Sustainable Communities (PSC) is offering developers, planners, and architects a free 30-page report on the state of the art in sustainable community planning and development.
PATH Set to Break Ground on Latest Project
INGLEWOOD, CALIF.—PATH Ventures recently hosted a groundbreaking ceremony for a 20-unit affordable housing development.
Citi Pilots California Bond Program
California officials and representatives of Citi have come up with an innovative plan to restart construction lending for affordable housing projects in the state.
Bank of America Reports on Community DevelopmentActivity
Bank of America reported providing $168.2 billion in community development lending and investing, including $147 billion in affordable housing, during the first year of a 10-year community development goal.
Construction Begins on Big Bear Project
Urban Housing Communities, LLC (UHC), has begun construction on The Crossings at Big Bear Lake, a 42-unit affordable housing development that will be the California resort community’s first affordable project targeted toward families.
CTCAC Offers Reminder for Sec. 1602 Deals
The California Tax Credit Allocation Committee (CTCAC) issued an important notice to developers who have received Sec. 1602 tax credit exchange funds.
Boston Capital Invests in Two Projects
Boston Capital recently invested in two affordable housing developments—Toberman Village, a to-be-built 49-unit development in Los Angeles, and Windsor Crescent, a to-be-built 112-unit affordable development in Jackson, N.J.
CTCAC Announces Third Round
The California Tax Credit Allocation Committee has announced a third funding round for 4 percent low-income housing tax credits with state tax credits.