Great news! We’re happy to announce that all funding we temporarily paused last November to better align with two top affordable housing funders in the state — the California Tax Credit Allocation Committee (TCAC) and California Debt Limit Allocation Committee (CDLAC) — is now moving again.
What we accomplished during the pause
We laid the groundwork to change the way we do business. We are aligning policies across partner agencies and departments, and holding more frequent, focused conversations with you, to both speed up delivery of affordable homes and affirmatively further fair housing. This will be an ongoing effort over the next year as we look to simplify some of our own state-funded multifamily programs into one application consistent with the requirements of AB 434 signed by Governor Newsom last fall. Watch for opportunities to engage coming soon!