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California TCAC Publishes Recommendations for LIHTC Allocations

Tuesday, May 28, 2002 - 7:00AM

The California Tax Credit Allocation Committee (TCAC) on Friday, May 24, published its recommendations for 37 projects to receive funding in its first round of low-income housing tax credit (LIHC) allocations for 2002. TCAC received 129 applications requesting more than $111 million in federal credit and $125 million in state credit for its first round, and meets tomorrow to make awards. The application deadline for the second round of funding is July 16 and awards are slated for September 25. For more information, visit TCAC’s web site

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