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California Tax Credit Allocation Committee
About CTCAC
- CTCAC Overview
- Authority Members
- American Recovery & Reinvestment Act (ARRA) Information
- TCAC Staff Regional Assignments
Program Areas
The California Tax Credit Allocation Committee (CTCAC) administers the federal and state Low-Income Housing Tax Credit Programs. 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 Totals*
Federal (9%) Credit Awards
Annual Federal Credits Awarded: $81,738,210
Total State Credits Awarded: $68,570,707
Projects Awarded: 72
Total Number of Units: 4,724
Total Number of Low Income Units: 4,640
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: $74,912,085
Projects Awarded: 108
Total Number of Units: 11,214
Total Number of Low Income Units: 10,317
*Year-to-date totals as of December 30, 2008