Please be advised that available funds for the GSFA MCC Program are currently very limited. Reservations are first-come, first-serve. Lenders are encouraged to reserve MCC funding once they have the application package completed.
The California Debt Limit Allocation Committee (CDLAC) sets the limits (State ceiling) for private-activity bond programs in the State of California. Unfortunately, CDLAC did not apportion any of the State ceiling to a Single Family pool for 2021. The Mortgage Credit Certificate Program is part of the Single Family pool.
Rest assured that if there is a change and a Single Family pool is re-established by CDLAC, GSFA will submit an application for an allocation of MCC funding.
Thank you for your continued support of our affordable housing programs.
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