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California TCAC Releases List of Approved Reservations for LIHTC Allocations

Wednesday, June 5, 2002 - 7:00AM

The California Tax Credit Allocation Committee (TCAC) today released a list of approved reservations for its first round of low-income housing tax credit (LIHC) allocations in which it approved set-aside reservations totaling $10,565,239 in federal LIHCs and $23,298,335 in state credits. $23,384,720 in federal credits and $32,822,048 in state credits were reserved for TCAC’s geographic apportionment allocations. For a complete discussion of these awards, attend Novogradac & Company LLP's Low-Income Housing Tax Credit and Tax-Exempt Bond Applications: 2nd and 3rd Round Issues Workshop, June 25 in Los Angeles and June 26 in San Francisco.

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