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 […]