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California Tax Credit Allocation Committee
About CTCAC
Program Areas
The California Tax Credit Allocation Committee (CTCAC) administers two Low-Income Housing Tax Credit Programs – a federal, or 9%, program and a state, or 4%, program. Both programs were created to encourage private investment in affordable rental housing for households meeting certain income requirements.
The CTCAC also administers a Farmworker Housing Assistance Program and a Commercial Revitalization Deduction Program.
Fast Facts
2008 Year-to-Date Totals*
Federal (9%) Credit Awards
Annual Federal Credits Awarded: $81,818,151
Total State Credits Awarded: $56,327,737
Projects Awarded: 74
Total Number of Units: 4,780
Total Number of Low Income Units: 4,694
Federal (4%) Plus State Credit Awards
Annual Federal Credits Awarded: $7,547,355
Total State Credits Awarded: $27,512,886
Projects Awarded: 10
Total Number of Units: 770
Total Number of Low Income Units: 759
Federal (4%) With Tax-Exempt Bond Financing Awards
Annual Federal Credits Awarded: $70,077,780
Projects Awarded: 102
Total Number of Units: 10,316
Total Number of Low Income Units: 9,915
*Year-to-date totals reflect original awards and do not account for returned credits or waiting list awards.