California to Use 2019 Operating Expense Minimums in 2020

For 2020 the California Tax Credit Allocation Committee (TCAC) will continue to use the 2019 Operating Expense Minimums. Please note, when the 2020 Operating Expense Minimums are completed later this year, they will be published on the TCAC website for reference. In 2021 TCAC staff expects to publish and require 2021 Operating Expense Minimums.