Weekly Update for July 16, 2021
This week in affordable housing news…: State update: The Senate and Assembly on Thursday overwhelmingly approved the final trailer bill outlining how billions of dollars for affordable housing in this year’s budget can be spent—including $1.75 billion for backlogged projects awaiting tax credit allocations and $2.7 billion over the next two years for Project Homekey. […]
2021-2022 California Budget Update
The Legislature and Governor released a final trailer bill this week outlining how billions of dollars in this year’s budget for affordable housing can be spent—including $1.75 billion for backlogged affordable housing projects awaiting tax credit allocations and $2.7 billion over the next two years for Project Homekey. Of particular note: No major new labor […]
Member Update for June 25, 2021
Member Update – State Budget Gov. Newsom and the Legislature today announced an extension of the state’s eviction moratorium through September 30 and have agreed to use more than $5 billion in federal renter relief funds to reimburse 100% of unpaid back rent for tenants earning 80% or less of their area median income. The […]
Member Update for June 18, 2021
This week in affordable housing news…: State update: In a major story this week, CalMatters asks the big question hanging over this legislative session: Are union labor requirements in the way of easing California’s affordable housing crisis? With the state facing a widespread construction labor shortage and a daunting shortfall of at least 1.2 million […]
Federal Update for June 2021 from David Gasson
If you hear a subtle roar in the background and a not so familiar smell beginning to waft in the air, you are sensing the initial commencement of sausage making within the beltway of Washington, DC. After years of sharing a mythical existence in the company of Big Foot and the Loch Ness monster, “infrastructure” negotiations […]
Member Update for May 28, 2021
This week in affordable housing news…: State update: Jason Elliott, Governor Newsom’s senior advisor on housing and homelessness, provided a detailed update on the Administration’s affordable housing views this week in a panel discussion hosted by Capitol Weekly—highlighting, once again, that the state continues to be millions of units short of the housing Californians need. […]
Weekly Update for May 21, 2021
This week in affordable housing news…: State update: The Appropriation deadline passed this week, tripping up several major housing proposals, which will not advance this year. They include AB 1135 (Grayson), an effort to create a one-shop to streamline the state’s affordable housing financing system and AB 1188 (Wicks), a bill seeking to create a […]
Federal Update for May 2021 from David Gasson
While this will be news to no one reading this update, the Affordable Housing Credit Improvement Act (AHCIA) of 2021 has been introduced. While not the first housing bill out of the blocks it is the most comprehensive and if enacted as proposed, could result in the financing of an additional 2 million units of affordable […]
Weekly Update for April 30, 2021
This week in affordable housing news…: State update: One of CHC’s sponsored bills, AB 115 (Bloom), was pulled this week from consideration by the Assembly Committee on Local Government and will not advance this session. The bill, which sought to allow affordable housing development on some commercial property, was supported by a large coalition of […]
Member Update for April 23, 2021
This week in affordable housing news…: State update: The Wall Street Journal published a detailed story this week on ongoing discussions in California’s state Legislature about applying new labor standards to affordable housing projects. The story highlights efforts by the Building Trades to apply stringent hiring rules to all new housing legislation—and features affordable housing […]