Claire Parisa’s Post

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LIHTC Originations | Affordable Housing Finance | Enterprise Community Partners

❗❗ Action alert!! ❗❗ Governor Newsom's proposed budget would drastically cut affordable housing funding in #california by $1.2 billion: 🚫 Elimination of the enhanced State Low Income Housing Tax Credit program for 2024-2025 #lihtc 🐾 Clawback of funds from the Multifamily Housing Program (MHP), Infill Infrastructure Grant Program (IIG), Veterans Housing and Homelessness Prevention Program (VHHP) totaling $500MM 📉 Dramatic reductions and cuts across the board in other rental, homeownership, and homelessness programs Voters agree - housing is one of our state's most pressing challenges. With so many housing developments ready to break ground and relieve the housing crisis, now is not the time to cut these vital programs. ➡➡ It's not over yet - join our coalition of #affordablehousing and #homelessness advocates to push for the restoration of housing funding in the revised budget! https://lnkd.in/gAVnb4iH

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Sidney Stone

Vice President of Real Estate Development - Habitat For Humanity

9mo

You posted this much more consisely than I did…it’s what I saw immediately. 23/24 clawbacks will delay so many projects and make the housing crisis even worse 😱🤦🏼♂️

Jean Dahlquist, MRED, MURP

Originations National Equity Fund

9mo

Oh my gawd. Not good!!!!!!

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Joe Kas-tri-na-kis

Veteran/Builder/ Agent. Creative Housing Solutions and Community Development in the Fort Leonard Wood Area.

9mo

What you’re doing and discussing is incredible.. thank you!

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