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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: $38,553,683
Total State Credits Awarded: $11,815,090
Projects Awarded: 36
Total Number of Units: 2,115
Total Number of Low Income Units: 2,081
Federal (4%) Plus State Credit Awards
Annual Federal Credits Awarded: $3,148,025
Total State Credits Awarded: $11,670,745
Projects Awarded: 3
Total Number of Units: 297
Total Number of Low Income Units: 292
Federal (4%) With Tax-Exempt Bond Financing Awards
Annual Federal Credits Awarded: $40,607,026
Projects Awarded: 57
Total Number of Units: 6,383
Total Number of Low Income Units: 6,186