Affordable housing finance
CTCAC
California Tax Credit Allocation Committee — allocates federal and state LIHTC, writes the scoring and underwriting rules, and monitors compliance for 55 years.
Definition
The California Tax Credit Allocation Committee, chaired by the State Treasurer, is the state's credit allocating agency: it runs the competitive 9% rounds, awards 4% credits to bond-financed projects, and administers the state LIHTC alongside. Its rulebook is the CTCAC regulations — serving as the qualified allocation plan IRC § 42(m) requires — carrying the point system, basis and cost limits, developer-fee caps, underwriting standards and the 55-year regulatory agreement. CTCAC also performs the compliance monitoring and IRS reporting the statute delegates to state agencies. New editions are adopted jointly with CDLAC's each December; the current ones date to December 10, 2025.
Why it matters in an underwrite
CTCAC's rules bind harder than the federal floor: 55-year use restrictions against a 30-year federal minimum, its own basis limits and fee caps, and scoring that effectively dictates site, amenity and service choices. Treat the current-year regulations as underwriting inputs — a deal modeled on last year's point system or fee cap can lose an entire allocation round, and regulation changes land every December.
Sources & related guides
See also
See the term in the law itself
Read the controlling text in the Code Library, or ask the AI how it applies to your project.
Last reviewed 2026-07-29. General information, not legal advice.