California Code of Regulations › Title 4 - Business Regulations › Division 9.5 - California Debt Limit Allocation Committee › Chapter 1 - General Provisions › Article 3 - State Ceiling Pools › Section 5020 - Determination of State Ceiling Pools

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
As soon as practicable after the beginning of each calendar
					 year, and before any Applications are considered, the Committee shall:
(a) Determine and announce what amount,
				  expressed both as a percentage and as a dollar amount of the State Ceiling,
				  shall be available for Allocation during the year and in each Allocation Round
				  to Qualified Residential Rental Projects from the Qualified Residential Rental
				  Project Pool.
(1) Subsequent to the
				  determination made pursuant to subdivision (a) of this section, determine and
				  announce whether a portion of the Qualified Residential Rental Project Pool,
				  expressed as a dollar amount and as a percentage of the Qualified Residential
				  Rental Project Pool shall be reserved in a New Construction Pool to be
				  available for allocation to New Construction Projects that are not Rural
				  Projects, and determine what amount, if any, shall be available in each
				  Allocation Round.
(A) Subsequent to the
				  determination made pursuant to paragraph (1) of this subdivision, determine and
				  announce whether a portion of the New Construction Pool, expressed as a dollar
				  amount and as a percentage of the Qualified Residential Rental Project Pool
				  shall be reserved in a Homeless Set-Aside to be available for allocation to New
				  Construction Projects in which at least 25% of the tax credit units are
				  designated for homeless households as defined in Section
				  10315(b)(1)-(4) of
				  the CTCAC regulations at affordable rents consistent with Section
				  10325(g)(3) of the
				  CTCAC regulations, and determine what amount, if any, shall be available in
				  each Allocation Round.
(B)
				  Subsequent to the determination made pursuant to paragraph (1) of this
				  subdivision, determine and announce whether a portion of the New Construction
				  Pool, expressed as a dollar amount and as a percentage of the Qualified
				  Residential Rental Project Pool shall be reserved in an Extremely Low/Very Low
				  Income Set Aside to be available for allocation to New Construction Projects
				  that have for Allocation Rounds in 2021, an average AMI of 50% or below or have
				  received either of the following, and determine what amount, if any, shall be
				  available in each Allocation Round:
(i) an
				  award of funding from the Department of Housing and Community Development
				  (HCD). For purposes of this Set Aside, an award of funding from HCD shall
				  include awards made directly by the department pursuant to the Multifamily
				  Housing Program, the Affordable Housing and Sustainable Communities Program,
				  the Transit Oriented Development Program, the Joe Serna Jr. Farmworker Housing
				  Grant Program, the No Place Like Home Program, Housing for a Healthy California
				  and the Veterans Housing and Homelessness Prevention Program. The income
				  restrictions shall be at least as restrictive as those for which the applicant
				  received an award from HCD. Awards made directly by the department do not
				  include Alternative County Process awards.
(ii) an award of public funds as defined in
				  Section 10325(c)(9)(A)(i)
				  of the CTCAC regulations equivalent to 15% or more of the Project's total
				  development cost, provided that the project meets the following criteria, as
				  applicable:
(aa) If the project receives
				  points as a Large Family project pursuant to Section
				  5230(g) and is
				  located in a High Segregation and Poverty Area as specified on CTCAC/HCD
				  Opportunity Area Map, the project shall have income restrictions with a range
				  of at least 30% AMI between the highest and lowest 10% of income-restricted
				  units.
(bb) If the project receives
				  points as a Large Family project pursuant to Section
				  5230(g) and is
				  located in a High or Highest Resource Area as specified on CTCAC/HCD
				  Opportunity Area Map, the project shall have income restrictions that meet the
				  requirements of Section
				  5230(j)(1)(A).
(cc) If the project does not receive points
				  as a Large Family project pursuant to Section
				  5230(g) or is
				  located in a Moderate, or Low Resource Area as specified on CTCAC/HCD
				  Opportunity Area Map, the project receives maximum points for exceeding minimum
				  income restrictions pursuant to Section
				  5230(d).
(C) Subsequent to the determination made
				  pursuant to paragraph (1) of this subdivision, determine and announce whether a
				  portion of the New Construction Pool, expressed as a dollar amount and as a
				  percentage of the Qualified Residential Rental Project Pool shall be reserved
				  in a Mixed Income Set-Aside to be available for allocation to New Construction
				  Projects that are Mixed Income Projects, and determine what amount, if any,
				  shall be available in each Allocation Round.