Affordable housing grant programs

Federal, California state, and foundation funding programs for affordable housing development — 2 programs shown.

All sourcesFederalCalifornia StateFoundation / CDFI
All typesGrantLoanTax CreditBondIncentiveGrant + Loan
FederalTax Credit

Low-Income Housing Tax Credit (9% & 4%)(LIHTC)

IRS / TCAC

The primary financing mechanism for affordable housing in the U.S. The 9% credit is highly competitive; the 4% credit pairs with CDLAC tax-exempt bonds.

Funding: $500M state credit + federal per-capita allocation

Who can apply: For-profit and nonprofit developers of affordable multifamily rental housing

FederalTax Credit

New Markets Tax Credit(NMTC)

U.S. Treasury / CDFI Fund

Federal tax credit attracting private investment into low-income communities; primarily for community facilities and mixed-use development.

Funding: $5B/year in allocation; individual awards $20–95M; 39% credit over 7 years

Who can apply: Community Development Entities (CDEs) investing in low-income communities; mixed-use projects with commercial components

Looking for upcoming deadlines?

The funding calendar tracks application deadlines for TCAC, HCD, CDLAC, and other programs.

View funding calendar →