December 23, 2025
The California Statewide Communities Development Authority (CSCDA) is pleased to announce that its affiliate corporation (CSCDC) has received an award of $85 Million in New Markets Tax Credits (NMTCs) from the U.S. Treasury’s CDFI Fund. CSCDC has received a total of $398 Million in NMTCs since the inception of its program.
About CSCDC:
The California Statewide Communities Development Corporation (CSCDC) was created as an affiliate community development entity by CSCDA to facilitate investment in low income communities through the use of NMTCs. The NMTC program, passed by Congress in 2000, encourages investments in low-income communities by providing a tax incentive for community development lenders and the capital markets to invest in communities that historically have had poor access to capital. CSCDC has utilized prior NMTC awards to facilitate funding for healthcare centers, manufacturing facilities, education service organizations and other critical public benefit projects.
About CSCDA:
CSCDA is a Joint Powers Authority created in 1988 and is sponsored by the California State Association of Counties (CSAC) and the League of California Cities (Cal Cities). More than 530 cities, counties and special districts are program participants in CSCDA, which serves as their conduit issuer and provides access to efficiently finance eligible projects.
CSCDA has issued more than $75 billion in tax-exempt bonds to help local governments build community infrastructure, create Community Facilities Districts (CFDs), funding for more than 25,000 affordable housing units in the last 8 years, provided over 7,700 housing units now restricted for Low- and Middle-Income residents, provided Commercial and Residential Clean Energy funding, create jobs, make access available to quality healthcare and education, and more.
CSCDA’s Open PACE program is the largest Property Assessed Clean Energy Program (PACE) in the nation with 14 Commercial PACE and 3 Residential PACE firms. CSCDA has issued 40% of the total number of Commercial PACE projects nationwide.
For more information about CSCDA, please visit: www.cscda.org
For more information about CSCDC, please visit: www.cscda.org/New-Markets-Tax-Credit-Program
For more information about the NMTC Program, please visit: https://www.cdfifund.gov/nmtc
