Affordable Housing PartnersAffordable Housing Partners

Affordable housing funding

Upcoming deadlines and a directory of federal, state, and foundation funding programs for affordable housing development.

📅 Funding Calendar8📋 Grant Programs

3 programs shown — federal, California state, and foundation funding for affordable housing development.

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

California StateTax Credit

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.

Funding: $500M/year; $100M set aside for CalHFA MIP; $25M for farmworker housing

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 →

Frequently asked questions

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.