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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
2007 Cumulative Totals

Federal (9%) Credit Awards

Annual Federal Credits Awarded: $76,997,954
Total State Credits Awarded: $71,062,246
Projects Awarded: 70
Total Number of Units: 4,504
Total Number of Low Income Units: 4,424

Total Number of New Construction Projects: 58
Total Number of Acquisition/Rehabilitation Projects: 12

Federal (4%) With Tax-Exempt Bond Financing Awards

Annual Federal Credits Awarded: $86,611,325
Projects Awarded: 110
Total Number of Units: 12,696
Total Number of Low Income Units: 11,792

Federal (4%) Plus State Credit Awards

Annual Federal Credits Awarded: $6,561,793
Total State Credits Awarded: $23,395,641
Projects Awarded: 9
Total Number of Units: 1,021
Total Number of Low Income Units: 1,003

Total Number of Federal (4%) New Construction Projects: 53
Total Number of Federal (4%) Acquisition/Rehabilitation Projects: 66

Farmworker Housing Assistance Program State Credit Awards

State Credits Awarded: $2,000,000
Projects Awarded: 1
Total Number of Units: 80
Total Number of Low Income Units: 79