California Tax Credit Allocation Committee (TCAC) announced a proposed readjustment of its geographic regional apportionments for federal and state low-income housing tax credits (LIHTCs). The geographic boundaries used for appropriations were last updated in 2004 but the updated methodology proposes using new 2010 Census data for calculating apportionments and the addition of an 11th region: the City of Los Angeles. In addition, while previous methodology used whole percentages, the proposed updated geographic apportionments account for an additional decimal place to allow for more precise apportionments. TCAC is encouraging stakeholders to provide comments on the previous system and the proposed updates at various regional conferences being held this fall or at scheduled public hearings on the proposed 2012 regulation changes. Questions may be sent to Gina Ferguson at gferguson@treasurer.ca.gov. More information about the proposed changes can be found here.