California TCAC Awards $52M in Federal LIHTCs, $34M in State LIHTCs

Friday, September 21, 2001 - 7:00am

Meeting in Sacramento on September 17, the California Tax Credit Allocation Committee (TCAC) awarded $52,408,050, less $21,339,138 allocated to setasides, in federal tax credits and $34,565,861 in state tax credits to 67 applicants. Projects for families received the lion’s share of the tax credits ($22,885,876), followed by housing for seniors ($8,322,383). San Diego County received the greatest amount of federal tax credits ($5,498,413) and Orange County won the largest share of state credits ($5,809,559).