On September 1, 2021, the United States Department of Treasury’s Community Development Financial Institutions Fund (“CDFI Fund”) announced the awardees of New Markets Tax Credits (“NMTC”) for the 2020 round of the NMTC program. The...SB 1157, which adds section 1954.06 to the California Civil Code, goes into effect July 1, 2021 and continues until July 1, 2025. Click here to read more.In anticipation of a heightened housing crisis in the wake of COVID-19, Senate Bill 1079 went into effect on January 1, 2021, with the stated goal of promoting owner-occupied homeownership, protecting tenants from displacement, and preventing corporate speculators...California law has established a property tax exemption for property that is owned by a community land trust and that is being—or will be—developed or rehabilitated as rental housing, limited equity cooperative housing, or owner-occupied housing (SB 196, as amended by...On January 29, 2021 Governor Newsom signed into law Senate Bill 91 (SB 91), extending residential eviction protections and implementing the State’s rental assistance program to address the impacts of the COVID-19 pandemic in rental housing. Click here to read...“We must marshal all available resources to address the housing and homeless crisis,” said Assembly Member Phil Ting in his call-to-arms for AB 3182. Click here to read more.