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California developers will get more than $470 million in state and federal tax credits for low-income housing projects across the state from the California Tax Credit Allocation Committee (CTCAC). - September 26, 2007
“California faces a critical shortage of affordable housing for low-income workers and their families,” said Treasurer Lockyer. “Those seeking affordable housing often find no vacancy signs and long waiting lists. These credits provide the incentive and funding to get many needed housing projects off the ground and help meet the demand. I’m proud to play a part in making that happen.”