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CALIFORNIA ANNOUNCES 4 PERCENT LIHTC FUNDING ROUND

Monday, October 11, 2010 - 8:00AM

The California Tax Credit Allocation Committee (TCAC) on October 7 announced a third funding round for federal 4 percent low-income housing tax credits (LIHTCs) with state tax credits. Approximately $30 million in state LIHTCs will be available in this round. Applications are due by 5 p.m. November 3, 2010 and TCAC anticipates presenting funding recommendations at its December 15, 2010 meeting. Properties located outside of federally designated difficult to develop areas and qualified census tracts are eligible for the credits.

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