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CALIFORNIA CONSIDERS GEOGRAPHIC APPORTIONMENT UPDATE

Wednesday, August 31, 2011 - 8:00AM

The California Tax Credit Allocation Committee (TCAC) yesterday announced that it is considering updating the apportionment of federal and state low-income housing tax credit among the agency’s geographic regions. TCAC most recently revised the apportionment in 2004. The memo outlines the methodology adopted in 2004, provides preliminary data updating the previous apportionment percentages, and facilitates a discussion with stakeholders regarding possible alternatives in updating the apportionments. In the memo, TCAC invited stakeholders to discuss the proposed update at regional conferences this fall, as well as at scheduled public hearings to be held on proposed 2012 regulation changes.

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