2025 Application Information: $500 Million State Credit for 4% Credit New Construction Multifamily Housing
For 2025, application submittal and allocation of the $500 million in state tax credits will utilize the 4% credit calendar year application cycles. See the 2025 Program Schedule and Deadlines. State tax credit applications for projects financed by the California Housing Finance Agency’s (CalHFA) Mixed-Income Program will be accepted in the 2nd 4% funding round, subject to request by CalHFA, until the amount up to $100,000,000 is exhausted or reduced pursuant to CTCAC regulation sections 10305(h) and 10326(b)(2).
The 2025 CDLAC/CTCAC Joint Application is available on the website and is required by CTCAC for applications requesting tax credits and tax-exempt bond financing. As a reminder, a CTCAC allocation is contingent upon receipt of a CDLAC allocation, pursuant to CTCAC regulation section 10326(i) and (j).
Following the application deadline, CDLAC will publish an applicant list that includes application point and tie breaker self-scores. CDLAC will review and score the highest-ranking applications. Point reductions are subject to the CDLAC appeal process (see CDLAC Regulation Section 5036 for more information). Any projects not meeting CDLAC application and program requirements will not receive a federal or state tax credit allocation.
Projects awarded these state tax credits shall submit the documents required in CTCAC Regulation section 10317(j)(2) no later than the CDLAC bond issuance deadline.
Projects receiving a bond allocation in 2024 are not eligible to apply for state tax credits allocated in 2025. In order to ensure fair access to these state tax credits, the state credit allocation to any one developer or its affiliates in the first funding round is limited to no more than 33%.
See Application Information for general application information.