The California Tax Credit Allocation Committee is requiring developers who have received a preliminary reservation of American Recovery and Reinvestment Act (ARRA) funds to attend a workshop that will provide an overview of the loan process, disbursement procedures, reporting requirements, and other key information.
Two additional workshops have been scheduled—Sept. 29 in Sacramento and Oct.1 in Los Angeles.
Applicants who have received a preliminary ARRA reservation must attend one of the committee’s workshops. Two earlier sessions have taken place.