Legislation to improve access to rental housing for California’s low-income pet owners passed out of the Senate Housing Committee today with a 6-0 vote. SB 971, authored by Senator Josh Newman (D-Fullerton), will expand pet-inclusive policies for housing financed through the Department of Housing and Community Development (HCD) and the …continue reading
California State Treasurer Fiona Ma praised Governor Gavin Newsom for once again earmarking $500 million in state low-income housing tax credits to the California Tax Credit Allocation Committee (CTAC), which she chairs, and for doubling a program that offers critical tax incentives to California manufacturers. “Two thumbs up to Governor …continue reading
State Treasurer Fiona Ma announced that two committees she chairs, the California Debt Limit Allocation Committee (CDLAC) and the California Tax Credit Allocation Committee, have each adopted regulations to streamline the process for financing low-income housing and create greater alignment with the Newsom Administration’s housing goals in the process for …continue reading
California State Treasurer Fiona Ma announced that low-income housing production by California’s 4 percent tax credit program has exceeded last year’s production levels by more than 60 percent. This includes a 42 percent increase in production of housing for those in the Extremely Low Income category (defined by HUD as …continue reading