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California Allocation Trends: A Conversation With Bill Pavo & - PowerPoint PPT Presentation

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California Allocation Trends: A Conversation With Bill Pavo & Sean Spear Moderator: Geoff Brown, President & CEO, USA Properties, Roseville, CA Bill Pavo, Executive Director California Tax Credit Allocation Committee,

  1. California Allocation Trends: A Conversation With Bill Pavão & Sean Spear Moderator: Geoff Brown, President & CEO, • USA Properties, Roseville, CA Bill Pavão, Executive Director • California Tax Credit Allocation Committee, Sacramento, CA Sean Spear, Executive Director • California Debt Limit Allocation Committee, Sacramento, CA

  2. PROPOSED QRRP PROGRAM REGULATION CHANGES In Community Revitalization, remove ‘Empowerment Zone’ from • Distressed Community definition; Revise new construction Sustainable Method Standard from 15% of • current Title 24 to 30% of 2008 Title 24; In Site Amenities, allow all projects (not just senior) to be eligible to • receive Medical Service points. Medical clinics must accept Medi-Cal and Medicare payments, or Health Care for the Homeless; In Service Amenities, for Rural projects, alternative off-site services must • be within 1 ½-mile (up from ½-mile); For HUD Forward Commitments, Sponsor must submit their HUD • Application within 30 Days of CDLAC Letter; and Minor Negative Points clarifications. •

  3. NUMBER OF QRRP PROJECTS 180 158 156 160 145 139 137 137 140 123 120 110 109 100 90 84 Number of Projects 80 69 60 40 20 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

  4. NUMBER OF QRRP UNITS Number of Units 20,000 17,664 18,000 16,000 14,152 13,630 13,506 14,000 12,522 12,166 12,173 11,307 12,000 10,335 10,000 Number of Units 7,975 8,000 6,855 6,542 6,000 4,000 2,000 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

  5. QRRP SUB-POOL TYPE 14,000 13,247 12,543 12,000 11,181 9,907 9,853 9,661 10,000 9,121 9,021 8,956 7,547 8,000 General Units Mixed Income Units 6,000 5,344 Rural Units 4,943 4,000 4,028 3,287 2,000 1,414 1,234 1,367 1,547 1,243 1,165 1,289 1,130 1,025 1,063 646 946 1,314 1,082 444 185 251 977 486 952 262 166 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

  6. ACQ REHAB VS NEW CONSTRUCTION 90.00% 79.74% 80.00% 73.98% 73.10% 69.63% 70.00% 64.29% 62.92% 60.00% 55.85% 54.44% 54.02% 49.19% 52.65% 50.81% 50.79% 49.21% % New Units 50.00% 45.98% 44.15% 45.56% 47.35% % Acq Rehab Units 35.71% 37.08% 40.00% 30.37% 26.90% 30.00% 26.02% 20.26% 20.00% 10.00% 0.00% 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

  7. MINIMUM SCORES SUST HOPE VI/ RENT GROSS LRG BLDG TOTAL PROJECT MFH AT-RISK AFFORD COMP RENT FAM LEVRG CRA SITE SERV NC MTHD PNLT PTS PROJECT TYPE COUNTY TYPE PTS PTS PTS PTS PTS PTS PTS PTS PTS PTS PTS Y PTS EARNED General Pool – San Francisco Family 0 35 10 0 0 0 0 0 0 10 0 0 55 New Constr. Rural Pool - Placer Senior 20 25 0 5 0 0 0 5 0 0 0 0 55 Acq./Rehab (At-Risk)

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