California Announces Combined Application for 4 Percent LIHTCs

Friday, June 1, 2018 - 11:15am

The California Debt Limit Allocation Committee (CDLAC) and California Tax Credit Allocation Committee (CTCAC) now have a single application for 4 percent low-income housing tax credits (LIHTC), according to a press release from Treasurer John Chiang. CTCAC awards tax credits and CDLAC issues the tax-exempt bonds that are required with the credits, but previously, there were separate applications. The 4 percent LIHTC is the most common way of financing new and rehabilitated affordable rental housing in California.