Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Tax Credit Allocation Committee warns state credit pause would slow affordable production; asks for staff to manage rising compliance workload
Summary
TCAC said recent enhanced state credits and bond allocations significantly increased affordable housing production and urged continued state LIHTC funding; it also requested two managers and one development associate to handle expanded compliance duties resulting from new laws and more projects under oversight.
The Tax Credit Allocation Committee (TCAC) updated the subcommittee on the state's low‑income housing tax credit activity and requested three staff positions to support increased compliance workload.
TCAC Executive Director Marina White described the federal 9% and 4% LIHTC programs and the state's supplemental credit program. She said the demand for enhanced state…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
