The California Tax Credit Allocation Committee released yesterday a proposal for significant changes to the regulations. These proposed regulation changes are available online.

In anticipation of the release of the proposal, members of CHC's Board of Directors and Board of Governors met with TCAC and CDLAC Executive Directors on July 15 to express concerns. CHC will draft a comment letter and make it available prior to the August 31 comment period deadline.

Public workshops will also be held over the next few week:

SAN DIEGO

Wednesday, July 29th

San Diego Housing Commission

1122 Broadway, Conference Room 106

San Diego, CA 92101

12:30 p.m.

LOS ANGELES

Thursday,  July 30th

Junipero Serra Building

320 W. 4th Street, 1st Floor (Carmel Room)

Los Angeles, CA 90013

9:00 a.m.

SACRAMENTO

Monday, August 3rd

Employment Development Department

722 Capitol Mall, Auditorium

Sacramento, CA 95814

1:00 p.m.

OAKLAND

Wednesday, August 5th

Elihu M. Harris State Building

1515 Clay Street, Auditorium

Oakland, CA 94612

We hope you participate in these workshops and provide comments on these significant program changes. 

This year, Congress has proposed to essentially eliminate the HOME Program, one of the few remaining federal housing production programs. 

The House bill does nothing to restore cuts HOME has suffered in recent years and only provides $767 million in appropriated funds, down from $900 million in FY 2015 and 58% less than in FY 2010. The bill also contains a highly objectionable transfer that would essentially eliminate a new housing resource---the National Housing Trust Fund---in an attempt by the Appropriations Committee to fund HOME at its record low $900 million level.

The Senate bill's severe cuts in HOME funding amount to a shocking 93% decrease, which would essentially eliminate the program altogether.

The HOME Coalition has drafted a letter to members of Congress. Please sign on to this letter and share this link with local organizations, government officials, and advocates. The deadline to sign on is July 24. 

The passage of AB 1299 has made funds available for broadband installation in affordable housing projects as wells as providing funds for training for residents. Background information on the grants and application/deadline information is available on our website. 

For more information, please contact Raquel Cinat, California Emerging Technology Fund Associate VP, at raquel.cinat at cetfund.org or 310.406.6221. 

Get out on the green with the Orange County Business Council! 

Support a good cause! Please join OCBC and top executives from Orange County's leading businesses at the 2015 Executive Invitational Golf Tournament, presented by  Kaiser Permanente, on Thursday, July 30 at Oak Creek Golf Club. Funds raised in the tournament support OCBC's workforce development programs - such as the Latino Educational Attainment (LEA) Initiative - which empowers immigrant parents to be advocates for their children's education. CLICK HERE to learn more about LEA. Check-in is at 11:00 a.m., along with a variety of contests and lunch. The tournament will officially kick-off at 12:30 p.m. with a shotgun start, followed by a reception and awards dinner at 5:30 p.m. For more information  CLICK HERE or contact Sabra Ritter, Director of Events, at sritter@ocbc.org or 949.794.7221.

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HOUSE L.A. 2015-Tackling Los Angeles' Housing Crisis 

Join the BIA of Southern CA for an invigorating exploration on how Los Angeles can increase housing production and reduce the cost to provide new homes. The event will be held August 27 from 8am-1pm at the Autry National Center in Los Angeles. Speakers include Los Angeles Mayor Eric Garcetti, LA Councilmember Gil Cedillo, CHC Executive Director Ray Pearl and more. CHC members receive $25 off registration using the code CHC25. CLICK HERE for more info and to register.