Affordable housing grant programs
Federal, California state, and foundation funding programs for affordable housing development — 3 programs shown.
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.
Who can apply: For-profit and nonprofit developers of affordable multifamily rental housing
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.
Who can apply: Community Development Entities (CDEs) investing in low-income communities; mixed-use projects with commercial components
California Low-Income Housing Tax Credit(State LIHTC)
California Tax Credit Allocation Committee (TCAC)
State tax credit layered on top of the federal LIHTC to boost equity in California affordable housing projects.
Who can apply: Same as federal LIHTC — nonprofit and for-profit affordable housing developers in California
Looking for upcoming deadlines?
The funding calendar tracks application deadlines for TCAC, HCD, CDLAC, and other programs.
View funding calendar →