The 2026-27 Budget: Streamlining California’s Affordable Housing Funding System

Mar 6, 2026 - Promising Idea of Providing Tax Credits for HDFC ‑Approved Projects … The Governor ’s proposed concept of automatically awarding private activity bonds and tax credits to HDFC ‑funded projects has the potential to address an important and fundamental problem in the state ’s affordable housing funding system: developers having to apply to different state entities for project funding, with no assurance that awards will be made consistently to fund projects.
https://lao.ca.gov/Publications/Report/5154