California Tax Credit Allocation Committee

About CTCAC

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.

 

Fast Facts 2014 Totals as of 8/25/14

Federal (9%) Credit Awards

Annual Federal Credits Awarded: $44,207,123
Total State Credits Awarded: $56,311,490
Projects Awarded: 42
Total Number of Units: 2,358
Total Number of Low Income Units: 2,318

Federal (4%) Plus State Credit Awards

Annual Federal Credits Awarded: $3,181,122
Total State Credits Awarded: $10,257,521
Projects Awarded: 5
Total Number of Units: 369
Total Number of Low Income Units: 363

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

Annual Federal Credits Awarded: $47,808,416
Projects Awarded: 66
Total Number of Units: 5,726
Total Number of Low Income Units: 5,623