City Programs

LOS ANGELES HOUSING DEPARTMENT

MORTGAGE CREDIT CERTIFICATE PROGRAM

Obtaining an MCC will save you money on your federal income taxes and help you qualify for a home loan.

• The MCC saves you money by reducing the amount of income tax you pay to the federal government.
• You can apply for this credit every year as long as you have the original mortgage.
• You can adjust your withholding on your W-4 so that less money is taken out of your regular paycheck to reflect your tax savings.
• If you do not pay enough tax during the year to use the full credit, the unused credit can be carried over for up to three years.

• First time homebuyer.

• Income limits:

Non-Targeted Area (15% tax credit) and Targeted Area (20% tax credit)

• Purchase price of home must not exceed:

• Non-Target Areas

• Targeted Areas

For more information, please visit www.lacity.org/lahd or call the Home Ownership Unit of the Los Angeles Housing Department at (213) 808-8591

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