California Updates Attachment 40

The California Tax Credit Allocation Committee (TCAC) and the California Debt Limit Allocation Committee (CDLAC) updated its joint application attachment 40. The updated attachment now includes the CDLAC tie breaker median statewide basis limit delta, as adopted at the CDLAC meeting on April 28, 2021.

Applicants must complete and submit the updated TCAC application/Attachment 40 for all future application cycles in 2021, including the CDLAC second funding round. Applicants may use either the April 23 or the April 29 version. The April 23 version must be updated to utilize the median statewide basis limit delta. To make this correction, applicants must insert $364,800 into cell AD1036 of the Application sheet. This change is required for application submissions using the April 23 version of Attachment 40.