Updated 11/20/20. Within the next 30 days, HCIDLA will release updated “Draft Multifamily Regulations” for public comment. HCIDLA will accept public comments for a minimum of 14 days from the date of release.
In early 2021, HCIDLA will issue a Notice of Funding Availability (NOFA). The purpose and timing of this NOFA will be to allocate $72 million in City subsidy (subject to funding availability) and to support projects proposing to apply for Low Income Housing Tax Credits (LIHTC) in 2021 Round 2 and 2022 Round 1. Depending on funding availability, admittance into the pipeline may be extended to projects proposing 4% LIHTC.
Please note, HCIDLA’s support for California Tax Credit Allocation Committee 2021 Round 1 is limited to projects already in HCIDLA’s pipeline.