Board meetings, strategic plans, and buyer signals from Joe Stephenshaw’s organization
Sep 1, 2026·BoardMeeting
Board
California Tax Credit Allocation Committee Committee Meeting Minutes
The committee discussed the upcoming regulatory process and the importance of close collaboration between CTCAC, CDLAC, and the new Housing Development and Finance Committee (HDFC) as they develop parallel regulation packages. Members approved the staff recommendation for the reservation of 2026 second round federal 4% and state Low-Income Housing Tax Credits (LIHTCs). Additionally, the committee received public comments regarding the need for clarity and integration in HDFC programs and heard correspondence concerning a formal complaint regarding an applicant's legal status questionnaire.
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California Tax Credit Allocation Committee Committee Meeting Minutes
The committee meeting addressed several administrative updates, including the announcement of a revised meeting schedule and the introduction of new staff members. A primary focus of the meeting was the discussion and consideration of an appeal filed by Watts Dream Homes regarding the denial of points for service amenities in their 2026 tax credit application. The committee heard testimony from the applicant, as well as arguments from Euclid Avenue Housing, LP, regarding the importance of maintaining consistent application of regulations in the competitive allocation process. Ultimately, the committee took no action on the appeal, allowing the staff's initial decision to stand.
Jun 22, 2026·BoardMeeting
Board
California Tax Credit Allocation Committee Committee Meeting Minutes
The committee reviewed and approved recommendations for the reservation of federal and state low-income housing tax credits, including 4% and 9% federal credits, as well as state farmworker credits. Discussions included updates on the Executive Director's report regarding staff efficiency and process improvements to handle increased workloads. The committee also addressed the impact of delayed appeals on current reservations and discussed the distinction between housing type goals and limitations within the rural set-aside program during public commentary.
May 12, 2026·BoardMeeting
Board
California Tax Credit Allocation Committee Committee Meeting Minutes
The committee discussed personnel promotions within the organization, including new appointments to the compliance and development teams. A new interagency portal, the California Affordable Housing Management System (CAHMS), was introduced to streamline monitoring for projects assisted by multiple state agencies. The committee approved the reservation of 2026 first-round federal 4% and state Low-Income Housing Tax Credits for 66 projects. Additionally, they adopted a resolution permitting the Executive Director to grant extensions for Readiness to Proceed deadlines due to federal service and funding disruptions, and authorized an interagency agreement with the State Treasurer's Office for executive and support services. Public comment addressed concerns regarding rural project preservation and allegations of labor violations on a specific residential project.
Extracted from official board minutes, strategic plans, and video transcripts.
