Industry Insight — January 2024
This month’s edition of Industry Insight includes:
-A Note from our Executive Director Ray Pearl
-2024 Policy Forum
-ICYMI
-AH News of the Month
-Project Destined & HPN’s
Affordable Housing Bridge Program
-Federal Update from David Gasson
-New Year New Faces
Weekly Update for January 26, 2024
This week in affordable housing news…: State Update: Does California need a new state agency to successfully respond to the affordable housing crisis? A new report from SPUR says emphatically yes, arguing that to achieve the state’s climate, transportation, and housing goals, major reforms are needed to integrate fragmented systems of land use planning, housing needs assessment, […]
Weekly Update for January 19, 2024
This week in affordable housing news…: State Update: A lawsuit brought by the City of Millbrae could pose an “existential threat” to the state’s Homekey program, according to a story published this week in Politico, with a superior court judge in San Mateo County expected to rule next week on an initial injunction sought by the city […]
CHC’s Marina Wiant Appointed Executive Director of TCAC and CDLAC
CHC issued the press release below this morning, following the announcement by State Treasurer Fiona Ma that Marina Wiant, formerly VP of Government Affairs at CHC, has been appointed Executive Director of TCAC and CDLAC. Treasurer Ma’s release is here. Press Release – California Housing Consortium January 11, 2024Press Contact: Mike Roth916-444-7170, mike@paschalroth.com California Housing […]
Governor Unveils January Budget Proposal for FY 2024 – 2025
Governor Newsom released his January budget proposal today, forecasting a $37.9 billion budget shortfall and proposing $8.5 billion in “belt tightening” measures that include cuts to key affordable housing programs—including the “enhanced” $500 million Low Income Housing Tax Creditthe state has supported every year since it was created in 2019. The Governor has proposed maintaining the existing $120 million LIHTC program. In addition to scaling back housing […]
Industry Insight — December 2023
This month’s edition of Industry Insight includes:
-A Note from our Executive Director Ray Pearl
-Special Note from Marina Wiant
-ICYMI
-AH News of the Month
-Federal Update from David Gasson
-Member Spotlight
Weekly Update for December 8, 2023
This week in affordable housing news…: State Update: California is facing a $68 budget deficit next year—the largest in state history—after revenues came in far lower than expected this fall, according to a new report from the state Legislative Analyst’s Office. Due to delayed tax filing dates, the state did not have a complete revenue picture […]
Weekly Update for December 1, 2023
This week in affordable housing news…: State Update: Assembly Speaker Robert Rivas announced a wave of leadership changes in the Assembly just before Thanksgiving, elevating affordable housing champions to several key positions: Cecilia Aguiar-Curry (D-Winters), author of ACA 1, was named Majority Leader, Asm. Buffy Wicks (D-Oakland), the former housing committee chair, was tapped to lead the Appropriations […]
Weekly Update for November 17, 2023
This week in affordable housing news…: ICYMI – Top news stories: Editorial: L.A.’s ‘mansion tax’ is a lifeline to ease homelessness, but it remains in limboLos Angeles TimesIf any city needs a financial lifeline to help homeless people get permanent housing and prevent people from losing their housing, it is Los Angeles—where 36% of renter households pay […]
Federal Update for November 2023 from David Gasson
What a difference a month makes. Since my last update, Speaker McCarthy advanced a standalone continuing resolution (CR) through November 17th, which led to a motion to vacate the chair, which resulted in McCarthy becoming the former Speaker. Three tumultuous weeks later the House finally elected relative newcomer Mike Johnson of Louisiana, Speaker of the […]