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 to get an instant 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.
NYSDEC · New York
Provides transferable tax credits for remediating contaminated brownfield sites and redeveloping them for residential, commercial, or industrial use, with enhanced credits for affordable housing and green buildings.
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).