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CALIFORNIA TAX CREDIT ALLOCATION COMMITTEECTCACWednesday, April 28, 2021Upon adjournment of theCDLAC Meeting or 11:15 a.m.
CALIFORNIA TAX CREDIT ALLOCATION COMMITTEE915 Capitol Mall, Suite 485Sacramento, CA 95814p (916) 654-6340f (916) 654-6033www.treasurer.ca.gov/ctcacMEMBERSFIONA MA, CPA, CHAIRState TreasurerBETTY YEEState ControllerKEELY MARTIN BOSLERDirector of FinanceGUSTAVO VELASQUEZDirector of HCDDONALD CAVIERActing Executive Director of CalHFAMEETING NOTICEMEETING DATE:April 28, 2021TIME:Upon adjournment of the CDLAC Meetingor 11:15 a.m.LOCATION:State Treasurer's Office915 Capitol Mall, Room 110Sacramento, CA 95814EXECUTIVE DIRECTORNancee RoblesPublic Participation Call-In Number**(888) 557-8511Participant Code: 5651115AGENDA1. Roll CallAction Item:2. Approval of the Minutes of the March 8, 2021 Meeting3. Executive Director's ReportAction Item:4. Recommendation of 2021 Applications for Reservation of Federal Four Percent (4%) and State LowIncome Housing Tax Credits (LIHTCs) for Tax-Exempt Bond Financed ProjectsProject 1-453CA-21-456CA-21-465Project NamePark CrestBroadway 2Broadway 1Pasadena StudiosFinca SerenaPlymouth PlaceAnaheim & WalnutMaison's Village ISage at FolsomAllegheny Apartments(FKA Beaumont 2)Sunnyvale Block 15Brentwood CrossingsPismo TerraceProject ect NameSacramento Street ApartmentsThe Monarch Apartment HomesDepot WillowsCentertown ApartmentsOasis Senior VillasBarrett Terrace ApartmentsGoodman Street ApartmentsMojave View ApartmentsKristen Court Apartments IIIArroyo CrossingCA-21-491CA-21-492CA-21-494The Gardens at Quail Run IIEl DoradoPerris Sterling Villas III
California Tax Credit Allocation CommitteeApril 28, 2021Page 2Project 2Project NameThe Salvation Army Pasadena803 E 5th StWest Carson VillasVilla Jardin/Coral GablesColumba Apartments(fka Millenia II)Depot Community ApartmentsFair Oaks Senior ApartmentsVermont Manchester SeniorMutual Housing on the Blvd.Hecker Pass ApartmentsAquila Apts. f.k.a. 2CA-21-513Project 2Project NameJunction Crossing Apartments619 WestlakeThe Brine ResidentialMcDaniel HouseNoHo 5050 1-538Pointe on La BreaThe QuincyThe WilcoxWashington Arts CollectiveThatcher Yard HousingAction Item:5. Recommendation of a Resolution Authorizing the Executive Director of the California Tax CreditAllocation Committee to Sign Contracts and Interagency AgreementsAction Item:6. Recommendation of a Resolution Authorizing the Executive Director of the California Tax CreditAllocation Committee to sign an Interagency Agreement with the State Treasurer’s Office on behalf of theCommittee for reimbursement of annual building rent, security expenses, and other related costs incurredby State Treasurer’s Office for the California Tax Credit Allocation CommitteeAction Item:7. Recommendation to establish end date of COVID related extensions8. Discussion of Disaster Credits established by the Consolidated Appropriations Act, 20219. Public Comment10. AdjournmentThere will be an opportunity for public comment at the end of each item, prior to any action.Note: Agenda items may be taken out of order.FOR ADDITIONAL INFORMATIONNancee Robles, Executive Director, CTCAC915 Capitol Mall, Room 485, Sacramento, CA 95814(916) 654-6340This notice may also be found on the following Internet site:www.treasurer.ca.gov/ctcac** Interested members of the public may use this number to call in to listen to and/or comment on items before the California Tax Credit AllocationCommittee. Additional instructions will be provided to callers once they call the indicated number. This call-in number is provided as an option forpublic participation but the Committee is not responsible for unforeseen technical difficulties that may occur. The Committee is under no obligationto postpone or delay its meeting in the event such technical difficulties occur during or before the meeting.The California Tax Credit Allocation Committee (CTCAC) complies with the Americans with Disabilities Act (ADA) by ensuring that the facilitiesare accessible to persons with disabilities, and providing this notice and information given to the members of the CTCAC in appropriate alternativeformats when requested. If you need further assistance, including disability-related modifications or accommodations, you may contact SertanUsanmaz of the CTCAC no later than five calendar days before the meeting at (916) 654-6340 and Telecommunication Device for the Deaf (TDD) at(916) 654-9922.
AGENDA ITEM 2Approval of the Minutes of theMarch 8, 2021 Meeting
CALIFORNIA TAX CREDIT ALLOCATION COMMITTEEMinutes of the March 8, 2021 Meeting1. Roll Call.State Treasurer Fiona Ma chaired the meeting of the California Tax Credit AllocationCommittee (CTCAC). Treasurer Ma called the meeting to order at 11:21 a.m. Also,present Anthony Sertich for State Controller Betty Yee; Gayle Miller for Department ofFinance (DOF) Director Keely Martin Bosler; California Department of Housing andCommunity Development (HCD) Director Gustavo Velasquez; Kate Ferguson forCalifornia Housing Finance Agency (CalHFA) Acting Executive Director Donald Cavier;City Representative Vivian Moreno and County Representative Terra Lawson-Remer.2. Approval of the Minutes of the February 17, 2021 Meeting.MOTION: Ms. Miller moved to approve the February 17, 2021 Meeting Minutes. Mr.Sertich seconded, and the motion passed unanimously via a roll call vote.3. Discussion and Consideration of a Resolution Appointing the Executive Director ofthe California Tax Credit Allocation Committee.Deputy Director, Anthony Zeto formally welcomed Nancee Robles to CTCAC as theagency’s new Executive Director. He requested Committee approval of the ResolutionAppointing Nancee Robles as the Executive Director of the California Tax CreditAllocation Committee.MOTION: Mr. Sertich moved to approve the Resolution. Mr. Velasquez seconded andthe motion passed unanimously via a roll call vote.CTCAC Executive Director, Nancee Robles thanked the Committee and the CTCAC staff.4. Discussion and Consideration of a Resolution Authorizing the Executive Director ofthe California Tax Credit Allocation Committee to sign an Interagency Agreementwith the State Treasurer’s Office on behalf of the Committee for AdministrativeSupport Services.Mr. Zeto stated the interagency agreement amount currently exceeds the amountauthorized to the Executive Director. He requested Committee approval of the Resolutionauthorizing the Executive Director of the California Tax Credit Allocation Committee tosign the interagency agreement with the State Treasurer’s Office on behalf of theCommittee.MOTION: Mr. Sertich moved to approve the Resolution. Ms. Miller seconded and themotion passed unanimously via a roll call vote.5. Public Comment.Treasurer Ma asked staff for an update of the timeline for the disaster credits.
Minutes of the March 8, 2021 MeetingPage 2Mr. Zeto stated staff is meeting with HCD to align the timing and stated staff has been incontact with CalFIRE for fire data on the impacted areas. He stated these disaster creditswould be available to 22 counties and discussion has commenced about possibly groupingcounties in to regions since the amount per county may be too small. Mr. Zeto anticipatesthe other regulatory changes will be similar to how the disaster credits were allocated lastyear with some minor changes. He noted the proposed regulations are anticipated to bereleased in the next couple of weeks and ultimately adopted in advance of the second 9%round.Mr. Zeto and Treasurer Ma briefly discussed the timetable of proposed regulation changesprocess.Treasurer Ma stated there will be 80 million in annual 9% federal disaster credits availablefor 22 counties for 2021 whereas last year there was 98 million available for 13 counties.She added that staff will come up with an equitable way to allocate these funds to theimpacted counties and directed any suggestions or comments to Mr. Zeto.6. Adjournment.Treasurer Ma adjourned the meeting at 11:28 a.m.
Minutes of the February 17, 2021 MeetingPage 2MOTION: Ms. Miller moved to approve the project. Mr. Sertich seconded and the motionpassed unanimously via a roll call vote.5. Public Comment.None.6. Adjournment.Treasurer Ma adjourned the meeting at 1:07 p.m.
AGENDA ITEM 3Executive Director's Report
AGENDA ITEM 4Discussion and Consideration of a2021 Application for Reservation ofFederal Four Percent (4%) LowIncome Housing Tax Credits(LIHTCs) for Tax-Exempt BondFinanced Projects
Conflict SummaryApril 28, 2021CTCAC Committee MeetingAgenda Item 4ApplicationNumberCA-21-400CA-21-424Project NameAddressCity, State Zip CodeCountyPark Crest Apartments4531 Logan AvenueSan Diego, CA 92113San Diego CountyApplicant/OwnerApplicant/Owner Contact(s)Fairfield Park Crest LPTim WrayBroadway 2849 N 3rd StEl Cajon, CA 92021San Diego CountyBroadway 2 Preservation LPBryon GongawareBroadway 11562 E Main StEl Cajon, CA 92021San Diego CountyBroadway 1 Preservation LPBryon GongawarePasadena Studios274 & 282 N. Oakland Ave.Pasadena, CA 91101Los Angeles CountyMaria SeagerCA-21-431Finca Serena358 South E StreetPorterville, CA 95203Tulare 9CA-21-443CA-21-452CA-21-453CA-21-456General Partner(s)General Partner(s) Contact(s)FRH Park Crest, LLCTim WrayRCC MGP LLCKen RobertsonBroadway 2 PreservationGP LLCBrian FulbrightDeveloper(s)Seller(s)Developer(s) Contact(s)Signatory of Seller(s)Fairfield Affordable Housing Fund TrancheInvestmentV, LLC Property AdvisorsPaul KudirkaLarry GoughBond irst Lender is Primary ConstructionLender)CitibankFairfield Affordable Housing TrustSecurity PropertiesBryon GongawareThe Broadway ApartmentsTom SellersCSCDAN/APNCSecurity Properties/Las PalmasHousingBryon GongawareThe Broadway ApartmentsTom SellersCSCDAN/APNCCommunity Builders Group, LLCJoseph SeagerJosefina Torres Miller TrustGrete Karen Miller CrawfordCSCDAN/ACiti CommunityUPH Porterville, LPKiel Lopez-SchmidtPasadena Studios, LLCMaria SeagerFinca Serena SHE, LLCBetsy McGovern-GarciaUP Holdings California, LLCKiel Lopez-SchmidtSilvas Investments LLCJohn SilvasCMFAN/APlymouth Place1320 N. Monroe StreetStockton, CA 95203San Joaquin CountyAnaheim & Walnut1500 East Anaheim St.Long Beach, CA 90813Los Angeles CountyMaison's Village ISE Corner of Palmdale BlvdEast & 52nd Street EastPalmdale CA, 93552Los Angeles CountyPlymouth Place RHF PartnersKevin GilchristUPH Porterville, LLCKiel Lopez-SchmidtPlymouth Place, IncDeborah StouffUS BankHCD NPLHHCD HOMERetirement Housing FoundationAnders PlettPlymouth Place, Inc.Laverne R JosephCMFAN/ABBVAAnaheim & Walnut Housing LPJeff WilliamsAnaheim & Walnut GP LLCJeff WilliamsBRIDGE Housing CorporationJeff WilliamsCity of Long BeachTom ModicaCMFAN/ARavello MODs Palmdale Blvd 170,LLCMatt AvitalRavello MODs Palmdale Blvd 170LLCPhil RamRavello Holdings, Inc.Phil RamRavello Holdings, Inc.Phil RamCMFAN/AUS BankLong Beach Community InvestmentLos Angeles County DevelopmentHCD- MHPMerchants CapitalSage at Folsom89 Scholar WayFolsom, CA 95630Sacramento CountyUSA Properties Fund, Inc.Geoffrey C. BrownAHA High Desert MGP, LLCHilda JusufUSA Folsom 670, Inc.Geoffrey C. BrownUSA Multi-Family DevelopmentGeoffrey C. BrownThe Church of LDSTerry RuddCMFAN/ACitibankCity of FolsomAllegheny Apartments (FKABeaumont 2)Allegheny Street North of6th AveBeaumont, CA 92223Riverside CountySunnyvale Block 15365 South Mathilda Avenue,402 & 388 Charles Street,365 & 377-9 S. Mathilda Ave.,396 Charles Street,397 & 403 S. Mathilda Avenue,406 Charles Street,407 S. Mathilda AvenueSunnyvale, CA 94086Santa Clara CountyBrentwood Crossings7350 Willis AvenueBakersfield, CA 93006Kern CountyLINC-Beaumont 2 APTS, LLCJordan JohnsonRiverside Charitable Corp.Kenneth S. RobertsonLINC-Beaumont 2 APTS, LLCJordan JohnsonLinc Housing CorporationJordan JohnsonVincent Leo DaniseCMFAN/ABBVAHCD - MHPRelated Irvine DevelopmentCompany, LLCAnn SilverbergCity of SunnyvaleTeri SilvaCMFAN/AUS BankCity of SunnyvaleCounty of Santa ClaraDDS/ San Andreas Regional CenterDanco CommunitiesChris DartBakersfield Brentwood DevelopmentTravis CampbellCMFAN/APacific Western BankUSDALas Palmas Housing andDevelopment CorporationNoami PinesBroadway 2 Preservation GP LLCBrian FulbrightLas Palmas Housing andDevelopment CorporationNoami PinesCentral Valley Coalition forAffordable housingChristina AlleyRiverside Community HousingMike WalshSunnyvale Block 15 HousingPartners LPAnn SilverbergRelated/Sunnyvale Development CoLLCAnn SilverbergAHA Norcal MHP, LLCBill SalamandrakisBakersfield Brentwood LPChris DartJohnson & Johnson Investments, LLCChris DartValley Initiative for AffordableHousingEmily Haden
Conflict SummaryApril 28, 2021CTCAC Committee MeetingAgenda Item 4ApplicationNumberCA-21-465Project NameAddressCity, State Zip CodeCountyPismo Terrace855 N 4th StreetPismo Beach, CA 93449San Luis Obispo CountyApplicant/OwnerApplicant/Owner Contact(s)Peoples' Self-Help HousingCorporationMichael HopkinsGeneral Partner(s)General Partner(s) Contact(s)Pismo Terrace, LLCMichael HopkinsDeveloper(s)Developer(s) Contact(s)Peoples' Self-Help HousingCorporationMichael HopkinsSeller(s)Signatory of Seller(s)Cal Bay Investments LLCParimal NaranBond rst Lender is Primary ConstructionLender)JP Morgan Chase BankSan Luis Obispo Housing TrustCity of Pismo BeachSan Luis Obispo CountyHCD-NPLHChaseCity of Vallejo- HOME and LMIHAFCommunity Action PartnershipSolano CountySolano Joint Powers AuthorityWells FargoCity of Palm SpringsRiverside County - HOMECA-21-468Sacramento Street Apartments2118 Sacramento StreetVallejo, CA 94590Solano CountyEden Housing, Inc.Andrea OsgoodEden Development, Inc.Andrea OsgoodEden Housing, Inc.Max HeningerCity of VallejoGreg NyhoffCMFAN/ACA-21-474The Monarch ApartmentHomes3130 N Indian Canyon DrivePalm Springs, CA 92262Riverside CountyDepot Willows17145 Depot Street and50 W. Edmunson AvenueMorgan Hill, CA 95037Santa Clara CountyCentertown Apartments855 C St.San Rafael, CA 94901Marin CountyCommunity Housing OpportunitiesSCHOC I LLCPeter LundbergCommunity Housing OpportunitiesCorporationVincent NicholasCity of Palm SpringsDavid ReadyCMFAN/AEden Housing, Inc.Andrea OsgoodDepot Willows LLCAndrea OsgoodEden Housing, Inc.Teddy NewmyerEdmundson AssociatesAndre H MadeiraCMFAN/ACentertown II, LLCSarah WhiteCentertown II, LLCSarah WhiteBRIDGE Housing CorporationSarah WhiteDepot Commons LLCAndre H MadeiraCentertown Associates, Ltd.Susan JohnsonCMFAN/AOasis Senior Villas2340 14th StreetRiverside, CA 92507Riverside CountyBarrett Terrace Apartments700 Barrett AvenueRichmond, CA 94801Contra Costa CountyMojave View Apartments600 N. Norma StreetRidgecrest, CA 93555Kern CountyRiverside Supportive Housing, L.P.Dora Leong GalloEAH IncMarianne LimSupportive Housing LLCDora Leong GalloA Community of FriendsMee Heh RisdonUrbanform, LLCMark VagheiCMFAN/ABarrett Terrace Housing, L.P.Donald GilmoreCHDC Barrett Terrace, LLCDonald GilmoreCHDC of North RichmondJoanna GriffithBarrett Terrace Housing CorpDonald GilmoreCMFAN/ACentral Valley Coalition forAffordable Housing, a CaliforniaNonprofit Public BenefitCorporationChristina AlleyTPC Holdings IX, LLCCaleb RoopePacific West Communities, Inc.Caleb RoopeCity of RidgecrestRonald StrandCMFAN/ACalifornia Bank & TrustHCD/SGC- AHSCCentral Valley Coalition forAffordable HousingChristina AlleyTPC Holdings IX, LLCCaleb RoopePacific West Communities, Inc.Caleb RoopeCMFAN/ACaliforna Bank & TrustHCD- MHPSutter Community AffordableHousingBrynda StranixTPC Holdings IX, LLCCaleb RoopeAMG & Associates RetirementTrustAlexis GevorgianPacific West Communities, Inc.Caleb RoopeCMFAN/ACentral Valley Coalition forAffordable HousingChristina AlleyTPC Holdings IX, LLCCaleb RoopeUnited State Department of JusticeAsset Forfeiture DivisionWesley NewboldCitibankCochella Valley Association ofGovermentsPacific West Communities, Inc.Caleb RoopeCircle K Ranch LLCNorman Alfred KuhnCMFAN/ACal Bank & TrustBonnevilleKelley Ventures, LLCMike KelleyTPC Holdings IX, LLCCaleb RoopePacific West Communities, Inc.Caleb RoopeAMG & Associates, LLCAlexis GevorgianCMFAN/ACalifornia Bank & TrustHCD-Joe Serna LoanCentral Valley Coalition forAffordable HousingChristina AlleyAmerican Covenant Senior HousingFoundation, IncGerald FrittsAmerican Covenant SeniorHousing FoundationGerald FrittsPerris Sterling Villas III, LLCRichard A-21-479CA-21-484CA-21-488CorporationVincent NicholasKristen Court Apartments III9027 N StreetLive Oak, CA 95953Sutter CountySutter Community AffordableHousingBrynda StranixArroyo Crossing47555 Jefferson StreetIndio, CA 92201Riverside CountyCentral Valley Coalition forAffordable HousingChristina AlleyCA-21-491The Gardens at Quail Run IIElk Grove, CA 95757Sacramento CountyElk Grove Pacific Associates VCaleb RoopeCA-21-492El Dorado Family Apartments IISouth East Corner 8thStreet & Bradshaw AvenueEl Centro, CA 92243Imperial CountyCentral Valley Coalition forAffordable HousingChristina AlleyPerris Sterling Villas IIINuevo Rd at Murrieta RdPerris, CA 92571Riverside CountySRE Perris Sterling, LLCRichard SchindlerCA-21-489CA-21-494Schindler Real Estate ServicesRichard SchindlerBBVAHCD- RHCPHCD- FHDPSanta Clara County- HomeSanta Clara County- CDBGUmpqua BankHCD RHCPCounty of Marin - HOMECounty of Marin - CDBGCity of San RafaelCiti BankCity of RiversideHCD - VHHPHCD - NPLHCitibank
Conflict SummaryApril 28, 2021CTCAC Committee MeetingAgenda Item 4ApplicationNumberCA-21-495Project NameAddressCity, State Zip CodeCountyThe Salvation Army PasadenaHope Center Apartments1000 E. Walnut StreetPasadena, CA91106Los Angeles County803 E 5th St801-813 E 5th StLos Angeles, CA 90013Los Angeles CountyApplicant/OwnerApplicant/Owner Contact(s)The Salvation Army WestwoodVillageJ KoebelGeneral Partner(s)General Partner(s) Contact(s)The Salvation Army WestwoodVillageJ KoebelDeveloper(s)Developer(s) Contact(s)The Salvation Army, a CaliforniaCorporationJ KoebelSeller(s)Signatory of Seller(s)The Salvation Army CaliforniaCorporationKelly IgleheartCRCD 5th Street LPAlejandro MartinezCRCD LLCAlejandro MartinezWest Carson Villas22801-22905 South VermontAvenueTorrance, CA 90502Los Angeles CountyVilla Jardin/Coral Gables63 Coral Gables CourtSacramento, CA 95822Sacramento CountyWCV MGP, LLCLois StarrLBC Development, LLCAllen W. SandsWCV MGP, LLCLois StarrCoalition for ResponsibleCommunity DevelopmentAlejandro MartinezVilla Jardin/Coral Gables, L.P.Jack D. GardnerColumba Apartments(fka Millenia II)Transit Guideway betweenOrian Avenue & SolsticeAvenueChula Vista, CA 91915San Diego CountyDepot Community Apartments2595 Depot RoadHayward, CA 94545Alameda CountyFair Oaks Senior Apartment12057 Fair Oaks BoulevardFair Oaks, CA 95628Sacramento CountyPacific Southwest CommunityDevelopment Corp.Robert W. -519CreditEnhancementProviderLender(s)(First Lender is Primary ConstructionLender)Bank of AmericaLACDACity of PasadenaAHPBond IssuerLACDAN/ALJ 801, LLCJung Hwa KimCity of Los AngelesN/ACitibankLACDA-NPLHHCIDLA-HHHPATH VenturesLois StarrEldon Griffis, Jr & Vicki ThompsonThompsonLos AngelesCounty DevelopmentAuthoryN/AChase BankLACDA - NPLHHCD - MHPJSCo Villa Jardin/Coral GablesJack D. GardnerVilla Jardin/Coral Gables, L.P.Jack D. GardnerVilla Jardin Housing, Inc.Mae McNeilN/APacH Lancaster Holdings LLCMark A. WieseCIC Millenia II, LLCCheri HoffmanHousing Authorityof City ofSacramentoUS BankSHRA - HOMEHCD - MHPChelsea Investment CorporationCheri
Apr 28, 2021 · City Representative Vivian Moreno and County Representative Terra Lawson-Remer. 2. Approval of the Minutes of the February 17, 2021 Meeting. MOTION: Ms. Miller moved to approve the February 17, 2021 Meeting Minutes. Mr. Se
