Feb 16, 2012
On February 13, 2012, President Obama introduced his 2013 budget, which proposes to extend the New Markets Tax Credit (“NMTC”) program until December 31, 2013. Under the President’s proposal there would be a NMTC allocation of $5 billion for 2012 and another $5...
Feb 10, 2012
On February 1, 2012, every California redevelopment agency was dissolved and its assets and functions transferred to a successor agency and a successor to the redevelopment agency’s housing functions. Please click here for a detailed list of actions and other...
Feb 3, 2012
HUD has published significant proposed regulations for the HOME Investment Partnerships Program (HOME) affecting both rental and homeownership projects. In addition, Congress has added a number of new statutory requirements that already apply to fiscal year 2012 HOME...
Jan 19, 2012
As of February 1, 2012, all California redevelopment agencies will dissolve and their assets and functions will transfer to a successor agency and a successor to the agency’s housing functions. Following is a list of actions and other consideration items to be...
Jan 18, 2012
This analysis summarizes the California Supreme Court’s (the “Court”) decision announced on December 29, 2011, in theCalifornia Redevelopment Association v. Matosantos case (Part A), outlines the key provisions of AB x1 26 (the “Dissolution Act) that the Court found...
Jan 10, 2012
In August 2011, each California redevelopment agency adopted an enforceable obligation payment schedule (the “EOPS”) listing all of the agency’s enforceable obligations (as defined in Section 34167(d) of the California Health and Safety Code) for payments required to...
