California Tax Credit Allocation Committee AgendaPacket 2026-06-22
Tax credit and bond reservation for Green Manor Apartments
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Description
CTCAC staff recommends reserving $3.28 million in annual federal LIHTCs and $19.3 million in bond authority to Green Manor Preservation, LP for the 149‑unit Green Manor Apartments rehabilitation in San Diego. The owner will operate the property under a 55‑year affordability covenant for low‑income seniors.
Contract Details
Contract Amount
$3,280,956 annual federal LIHTCs; $19,300,000 tax-exempt bond allocation
Vendor
GREEN MANOR PRESERVATION LP
Agency
California Tax Credit Allocation Committee, CA
Contract Type
FINANCIAL_SERVICES
Document Date
June 22, 2026
Contract Term
55-year affordability/use restriction period
Renewal Date
2082-12-31
Renewal Info
Standard LIHTC 55-year regulatory agreement governing long-term affordability; final tax credit allocation subject to placed-in-service cost certification and CTCAC feasibility review.
Issuing Agency
California Tax Credit Allocation Committee
State Housing Authority
Sacramento, CA
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