Each year, the Department of Insurance allocates $2 million in tax credits to support $10 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.
The CA CDFI Tax Credit Program Description and Application Guidelines
CDFI Tax Credit Application
CDFI Certification Guidelines
List of Currently Certified CA CDFIs
View CA CDFI Tax Credit Investments
CDFI Annual Report details projects actually funded with the COIN CDFI Tax Credit Program
CDFI Application for Certification