Businesses, Individuals
Government-funded
Varies
Amount varies
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
State and federal low-income housing tax credits allocated to California developers of affordable rental housing, combined with tax-exempt bond financing from CDLAC for projects serving households at 30–80% AMI.
Do I qualify?
Answer the questions below for a rules-based self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Developer must provide affordable units at restricted rents for 55+ years
2.At least 20% of units at 50% AMI or 40% at 60% AMI (federal minimum)
3.California bonus credit available for deeper affordability (30% AMI units)
4.Points-based competitive application through CTCAC twice annually
5.Combined state+federal credit can fund 70–80% of project costs
IRS · United States
Allows businesses to deduct up to $5.65/sq ft for commercial buildings achieving significant energy savings through improvements to HVAC, lighting, and building envelope systems. IRA expanded the deduction and allowed non-profits and government to allocate it.
CDFI Fund · United States
Attracts private investment into low-income communities by allowing investors to receive a 39% federal tax credit over 7 years on investments made through certified Community Development Entities (CDEs).
IRS · United States
The nation's largest affordable rental housing production program, providing dollar-for-dollar federal tax credits to developers who build or rehabilitate affordable rental housing and maintain income and rent restrictions for 30+ years.