California Allocation Trends: A Conversation With Bill Pavo & - - PowerPoint PPT Presentation

▶

Aug 13, 2022 185 likes •272 views

California Allocation Trends: A Conversation With Bill Pavo & Sean Spear Moderator: Geoff Brown, President & CEO, USA Properties, Roseville, CA Bill Pavo, Executive Director California Tax Credit Allocation Committee,

SLIDE 1

California Allocation Trends: A Conversation With Bill Pavão & Sean Spear

Moderator: Geoff Brown, President & CEO,

USA Properties, Roseville, CA

Bill Pavão, Executive Director

California Tax Credit Allocation Committee, Sacramento, CA

Sean Spear, Executive Director

California Debt Limit Allocation Committee, Sacramento, CA

SLIDE 2

In Community Revitalization, remove ‘Empowerment Zone’ from

Distressed Community definition;

Revise new construction Sustainable Method Standard from 15% of

current Title 24 to 30% of 2008 Title 24;

In Site Amenities, allow all projects (not just senior) to be eligible to

receive Medical Service points. Medical clinics must accept Medi-Cal and Medicare payments, or Health Care for the Homeless;

In Service Amenities, for Rural projects, alternative off-site services must

be within 1 ½-mile (up from ½-mile);

For HUD Forward Commitments, Sponsor must submit their HUD

Application within 30 Days of CDLAC Letter; and

Minor Negative Points clarifications.

PROPOSED QRRP PROGRAM REGULATION CHANGES

SLIDE 3

NUMBER OF QRRP PROJECTS

110 158 137 137 139 123 156 84 69 145 109 90

20 40 60 80 100 120 140 160 180 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Number of Projects

SLIDE 4

NUMBER OF QRRP UNITS

13,630 17,664 12,522 11,307 13,506 12,166 14,152 6,855 6,542 12,173 10,335 7,975

2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 20,000 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Number of Units

SLIDE 5

QRRP SUB-POOL TYPE

8,956 13,247 9,661 9,121 11,181 9,853 12,543 5,344 4,943 9,907 9,021 7,547 4,028 3,287 1,547 952 1,243 946 444 486 1,414 977 1,063 166 646 1,130 1,314 1,234 1,082 1,367 1,165 1,025 185 1,289 251 262

2,000 4,000 6,000 8,000 10,000 12,000 14,000 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 General Units Mixed Income Units Rural Units

SLIDE 6

ACQ REHAB VS NEW CONSTRUCTION

79.74% 73.10% 45.98% 44.15% 49.21% 35.71% 37.08% 45.56% 69.63% 50.81% 47.35% 26.02%

20.26% 26.90% 54.02% 55.85% 50.79% 64.29% 62.92% 54.44% 30.37% 49.19% 52.65% 73.98% 0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00% 70.00% 80.00% 90.00% 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 % New Units % Acq Rehab Units

SLIDE 7

PROJECT TYPE PROJECT COUNTY MFH TYPE HOPE VI/ AT-RISK PTS AFFORD PTS RENT COMP PTS GROSS RENT PTS LRG FAM PTS LEVRG PTS CRA PTS SITE PTS SERV PTS NC PTS SUST BLDG MTHD PTS PNLT Y PTS TOTAL PTS EARNED General Pool – New Constr. San Francisco Family

35 10 10 55

Rural Pool - Acq./Rehab (At-Risk) Placer Senior

20 25 5 5 55