Affordable housing funding

California developers draw on federal Low-Income Housing Tax Credits (4% and 9%), tax-exempt bonds through CDLAC, state gap financing from HCD (such as MHP, AHSC, and Infill Infrastructure Grants), CalHFA loan programs, and private foundation grants. This page tracks 44+ active programs and their deadlines.

9% credits are competitive and cover roughly 70% of eligible costs, awarded through TCAC rounds. 4% credits are non-competitive, paired with tax-exempt bonds via CDLAC, and cover about 30% — available year-round but requiring more layered financing.

TCAC (9% credits) runs two competitive rounds a year, typically late winter and summer; CDLAC bond allocations run on their own rounds. Exact dates change yearly — the calendar above lists the current confirmed deadlines as they're published.

Most projects combine several sources. Review the programs below to map federal credits, state gap funds, and local sources to your project, and watch the deadline calendar so you don't miss a competitive round.