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CALIFORNIA TAX CREDIT ALLOCATION COMMITTEE 2018 COMPETITIVE 9% APPLICATION FOR INCOME HOUSING TAX CREDITS May 31, 2018, Version II. APPLICATION SECTION 1: APPLICANT STATEMENT, CERTIFICATION AND NOTARY
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The California Tax Credit Allocation is a program that allocates tax credits to promote the construction and rehabilitation of affordable housing projects in California.
Those who are applying for housing tax credits or who have been awarded credits for projects are required to file the California Tax Credit Allocation.
To fill out the allocation form, candidates must provide detailed project information, including project locations, estimated costs, and compliance with state requirements for affordable housing.
The purpose is to incentivize the development of affordable housing by providing tax credits to developers, making it financially feasible to invest in such projects.
Information such as project descriptions, funding sources, expected rent levels, and compliance plans must be reported on the allocation.
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