Home ->>CTCAC

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: $81,738,210
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