CHC Participated in the National Housing Conference Taskforce Outlining the “Ten Key Principles” for Repairing the U.S. Mortgage Market and Addressing Soaring Home Foreclosure Rates

Statement by Conrad Egan,President and CEO of the National Housing Conference (NHC)

On April 7, CHC submitted its comments on the proposed regulation changes to Director William Pavao. Please download the attachment to read the Committee's comments.

CHC has changed its position from "Oppose" to "Neutral" on Senate Bill 16 (SB16).

Please download the attachment to read the position letter.

Yesterday in Sacramento, the Pooled Money Investment Board (PMIB) comprised of State Treasurer Bill Lockyer, State Controller John Chiang, and Director of Finance Michael Genest met to discuss the State’s Cash Management Requirements; approve staff’s recommendations to continue the freeze on AB 55 loan disbursements except for the previously authorized $650 million approved on January 16, 2009; postpone consideration of three new loan requests from the California Resources Board, California High Speed Rail Authority; and the California Housing Finance Agency; and agree to conven

On behalf of its TCAC Advisory Committee, CHC today submitted its comments to William Pavao, director of the California Tax Credit Allocation Committee. Please download the attachment to read the Committee's comments in full.

This week, CHC strongly voiced its opposition to SB16. While this urgency measure responds to the recent meltdown in the national financial market by making the State’s Low Income Housing Tax Credit refundable, it opens up a Pandora’s box of litigation over the payment of prevailing wages.  CHC has previously opposed measures that require the payment of prevailing wages.

Please donwload the attachment to read the full text of the letter opposing SB16.

As you know, the affordable housing industry has been providing its input into the crafting of the upcoming Economic Stimulus Bill to ensure that it includes provisions that will aid the continued use of Low Income Housing Tax Credits.  Attached is a letter that CHC sent to key legislators in both the House and Senate.  You may want to use it as a template to craft your own letter to send to your representatives.

Today, the California Housing Consortium urged Governor Schwarzenegger and other members of Congress to solve the budget stalemate and restore funding to thousands of housing and infrastructure projects statewide. Please download the attachment to read CHC's letter in its entirety. We urge all of our members to contact the Governor about this important issue.

The California Housing Consortium has contacted Senators Diane Feinstein, Barbara Boxer, and other California Congressional leaders regarding stimulus proposals for low-income housing. Please review CHC's policy letter by downloading the attachment.

CHC's TCAC Advisory Committee has submitted its recommendations to Willam Pavao, Director of the California Tax Credit Allocation Committee's (TCAC).

Please download the attachment to read these recommendations.