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California TCAC Releases List of LIHTC Applicants

Monday, May 10, 2004 - 1:45AM

The California Tax Credit Allocation Committee (TCAC) last week released the list of applicants for the first low-income housing tax credit (LIHTC) funding round of 2004. TCAC has approximately $272,515,100 in LIHTCs available; 67 applicants requested credits totaling $637,365,460, a substantial decline in applications from previous years. There is strong competition in certain set-asides such as the nonprofit set-aside (18 applications) and rural set-aside (23 applications). There is also significant competition in certain geographic areas such as the Central Region (9 applications), Inland Empire (6 applications) and Capital/Northern Area (4 applications). However, there are very few or no applications in some set-asides such as the following: small development set-aside (one applicant) and at-risk set-aside (no applicants). There are also very few or no applications in some geographic areas such as: South and West Bay (1 application), Coastal California (2 applications) and San Francisco (no applications). Click here for a complete list of first round LIHTC applicants.

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