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CTCAC Says It Received 92 LIHTC Applications

Monday, June 9, 2003 - 1:45AM

The California Tax Credit Allocation Committee (TCAC) announced last week that it considered 92 applications requesting a total of more than $73 million in federal LIHTCs and $63 million in state tax credits in the first round of low-income housing tax credit (LIHTC) allocation. TCAC had a total of $24.7 million in federal LIHTCs and $27 million in state tax credits available in the first round. Of the 92 applicants, 38 projects received tax credit allocations that will result in 2,344 affordable apartments. Related materials can be found in the “Additional Documents” column here.

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