The California Tax Credit Allocation Committee Wednesday awarded more than $310 million in federal stimulus grant awards to 31 “shovel-ready” affordable housing projects around the state.

The committee approved the cash awards in exchange for previously awarded and unused tax credits, said spokesman Joe DeAnda.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.