The Latest
- September 18, 2013 Schedule of Critical Dates
Posted 5/20/13 - Emergency Rulemaking 5-Day Pre-Notice
Posted 5/16/13 - Inducement-Reimbursement Resolution Reminder
Posted 4/25/13 - July 17, 2013 Schedule of Critical Dates
Posted 4/15/13 - 15-Day Notice of Public Rulemaking
Posted 3/22/13 - Update to the CDLAC March 11, 2011 Memorandum on Existing and Future Redevelopment Agency-Financed Projects
Updated 3/19/13 - Sean Spear’s Presentation – 2012 CDLAC Results to Date
Posted 3/8/13 - March 13, 2013 Meeting Agenda and Exhibit A
Posted 3/1/13 - Final Recommendations for March 13, 2013
Posted 3/1/13 - Qualified Energy Conservation Bond (QECB)
Allocation Available for Reallocation on May 15, 2013
Posted 2/13/13 - Community Revitalization Area Points Reminder for Dissolved Redevelopment Project Areas and Existing Enterprise Zones
Posted 2/7/13 - March 1st Compliance Reminder Memo
Posted 2/4/13 - Schedule of Critical Dates for May 15th Meeting
Posted 12/10/12 - 2012 Summary of Public Benefits Analysis
Posted 2/1/13 - List of Awards for December 12, 2012 Meeting
Posted 12/13/12 - Schedule of Critical Dates for March 13th Meeting
Posted 12/10/12 - Annual Issuer Self Certification
Posted 11/2/12 - 2013 Meeting Dates
Posted 9/27/12 - 2012 Affordable Housing Cost Study Public Participation and Information Page
Posted 6/18/12
Qualified Residential Rental Projects Program
Qualified Residential Rental Project (QRRP) Description
State and local governmental agencies and joint powers
authorities can issue tax-exempt housing revenue bonds. These
bonds assist developers of multifamily rental housing units to
acquire land and construct new units or purchase and
rehabilitate existing units. The tax-exempt bonds lower the
interest rate paid by the developers. The developers in turn
produce market rate and affordable rental housing for low and
very low-income households by reducing rental rates to these
individuals and families. Projects that receive an award of
bond authority have the right to apply for non-competitive 4%
tax credits.
Bond authority for Rental Projects is awarded to three sub-pools: the General Pool (Projects having more than 50% of total units designated as Restricted Rental Units); the Mixed Income Pool (Projects having 50% or fewer of total units designated as Restricted Rental Units); and the Rural Project Pool (Projects located in a rural area as defined by California Health and Safety Code Section 50199.21 but shall not include a Mixed Income Project).
Current minimum point thresholds are as follows: 60 points in the General Pool and Rural Pool and 50 points in the Mixed Income Pool.
- Standard Qualified Residential Rental Application
- Universal Qualified Residential Rental Application
- Performance Deposit Certification Form
- Report of Action Taken Form
- Applications Q&A
- Annual Certificate of Compliance Form
- Annual Applicant Public Benefits and Ongoing Compliance Self-Certification Form
- Directions for Finding Information for Distressed Community Criteria
- Methodology for Determining Rural-Status Projects
- Waiver of Rent per Square Foot Requirement
- Market Study Guidelines
- Sustainable Building Guidelines
- Software and Documentation Requirements
- Professional Qualifications and Tasks
These requirements are effective as of the May 16, 2012 allocation round. All QRRP projects that receive an allocation after May 15th, 2012 are subject to these requirements. The required items are due to CDLAC no later than two years after the issuance of bonds.
- CDLAC Forward Commitment for Federal Housing Administration Financed Projects