The California Tax Credit Allocation Committee (TCAC) released application information for the $500 million of state tax credits that will be made available for affordable housing financed with the federal four percent LIHTC. The first state credit funding round will have a November 15, 2019 California Debt Limit Allocation Committee (CDLAC) and TCAC application deadline with a January 15, 2020 TCAC award date. As a reminder, this TCAC allocation is contingent upon receipt of a CDLAC allocation in February, pursuant to TCAC regulation sections 10326(h) and (j). CDLAC will make awards February 12, 2020 for those projects receiving a January 15th TCAC allocation of state tax credits. CDLAC will award bond allocations to four percent-only projects in its March allocation round. Applicants must apply to CDLAC and TCAC concurrently.