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CA Department of Insurance

CDFI Tax Credit Program

Community Development Financial Institutions (CDFI) Tax Credit Program

Each year, the Department of Insurance allocates $10 million in tax credits to support $50 million in community development investments.  Under the program, investors receive a tax credit worth 20 percent of their investment in one of the COIN certified CDFIs and can apply the credit to the state personal income tax, corporation tax or insurer premium tax.  

 CDFI Tax Credit Investments and Allocations

COIN CDFI Tax Credit Program

For the 2014 calendar year, there are $18 million in COIN CDFI Tax Credits available to support $90 million of private investment into COIN Certified CDFIs. 

The second COIN CDFI Tax Credit cycle will be open from October 15, 2014 to November 15, 2014.

  1. COIN CDFI Tax Credit Application Form
  2. COIN CDFI Tax Credit Evaluation Criteria

COIN CDFI Certification Program

COIN evaluates certification applications on an ongoing basis. Certification will be renewed annually pending a satisfactory review by COIN. Recertification will occur triennially pending prior satisfactory annual reviews by COIN.

  1. COIN CDFI Certification Application Form
  2. COIN CDFI Certification Evaluation Criteria
  3. Currently Certified CA CDFIs


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