California — Capital events & subsidy flows by year
Event-dated aggregates from the benchmark-validated series (year-15 counts validated within ~3% of Novogradac; Section 8 stock within 1% of NLIHC). Properties that exited the LIHTC program are excluded from LIHTC waves. National view →
LIHTC year-15 wave
In-program properties only; year 15 is the equity-exit decision point.
View as table
| Year | Low-Income Units | Count |
|---|---|---|
| 2001 | 490 | 16 |
| 2002 | 1,451 | 37 |
| 2003 | 1,673 | 39 |
| 2004 | 2,179 | 63 |
| 2005 | 1,729 | 33 |
| 2006 | 2,373 | 58 |
| 2007 | 3,517 | 66 |
| 2008 | 5,382 | 87 |
| 2009 | 6,497 | 92 |
| 2010 | 6,730 | 94 |
| 2011 | 6,536 | 93 |
| 2012 | 9,513 | 111 |
| 2013 | 16,160 | 167 |
| 2014 | 17,006 | 167 |
| 2015 | 12,712 | 144 |
| 2016 | 11,511 | 124 |
| 2017 | 11,500 | 141 |
| 2018 | 14,752 | 157 |
| 2019 | 14,384 | 165 |
| 2020 | 16,205 | 176 |
| 2021 | 16,863 | 196 |
| 2022 | 16,847 | 208 |
| 2023 | 12,390 | 148 |
| 2024 | 9,782 | 115 |
| 2025 | 12,081 | 178 |
| 2026 | 12,925 | 174 |
| 2027 | 14,569 | 211 |
| 2028 | 21,112 | 254 |
| 2029 | 12,301 | 171 |
| 2030 | 11,414 | 159 |
| 2031 | 7,311 | 81 |
| 2032 | 9,069 | 112 |
| 2033 | 12,022 | 153 |
| 2034 | 11,921 | 145 |
| 2035 | 12,657 | 157 |
| 2036 | 12,521 | 155 |
| 2037 | 17,072 | 200 |
| 2038 | 12,139 | 153 |
| 2039 | 1,506 | 17 |
Extended-use endings
Dates use the 30-year federal floor (or filed longer periods) — near-term totals overstate reality until state-reported periods are layered in; the wave shape is directionally sound.
View as table
| Year | Low-Income Units | Count |
|---|---|---|
| 2016 | 490 | 16 |
| 2017 | 1,451 | 37 |
| 2018 | 1,673 | 39 |
| 2019 | 2,179 | 63 |
| 2020 | 1,729 | 33 |
| 2021 | 2,373 | 58 |
| 2022 | 3,517 | 66 |
| 2023 | 5,382 | 87 |
| 2024 | 6,497 | 92 |
| 2025 | 6,730 | 94 |
| 2026 | 6,536 | 93 |
| 2027 | 9,513 | 111 |
| 2028 | 16,160 | 167 |
| 2029 | 17,006 | 167 |
| 2030 | 12,712 | 144 |
| 2031 | 11,511 | 124 |
| 2032 | 11,500 | 141 |
| 2033 | 14,752 | 157 |
| 2034 | 14,384 | 165 |
| 2035 | 16,205 | 176 |
| 2036 | 16,863 | 196 |
| 2037 | 16,847 | 208 |
| 2038 | 12,390 | 148 |
| 2039 | 9,782 | 115 |
| 2040 | 12,081 | 178 |
| 2041 | 12,925 | 174 |
| 2042 | 14,569 | 211 |
| 2043 | 21,112 | 254 |
| 2044 | 12,301 | 171 |
| 2045 | 11,414 | 159 |
HAP contract expirations
Active project-based Section 8 family contracts, by full-term expiration year.
View as table
| Year | Assisted Units | Count |
|---|---|---|
| 2026 | 4,642 | 211 |
| 2027 | 5,531 | 158 |
| 2028 | 7,970 | 140 |
| 2029 | 10,263 | 160 |
| 2030 | 6,507 | 98 |
| 2031 | 6,049 | 63 |
| 2032 | 2,628 | 49 |
| 2033 | 7,418 | 106 |
| 2034 | 5,465 | 71 |
| 2035 | 5,503 | 73 |
| 2036 | 5,499 | 75 |
| 2037 | 5,279 | 69 |
| 2038 | 6,568 | 77 |
| 2039 | 4,965 | 65 |
| 2040 | 5,054 | 69 |
| 2041 | 5,154 | 77 |
| 2042 | 3,557 | 46 |
| 2043 | 6,469 | 81 |
| 2044 | 6,850 | 81 |
| 2045 | 4,805 | 52 |
Published debt maturities
FHA-insured and USDA loans only — conventional, bond, and agency debt is not on public record.
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| Year | Remaining Principal | Count |
|---|---|---|
| 2024 | — | 2 |
| 2025 | — | 1 |
| 2026 | $29M | 8 |
| 2027 | $496,296 | 2 |
| 2028 | $14.6M | 9 |
| 2029 | $8.1M | 8 |
| 2030 | $7M | 9 |
| 2031 | $1.8M | 5 |
| 2032 | $621,820 | 12 |
| 2033 | $759,997 | 12 |
| 2034 | $9.7M | 31 |
| 2035 | $12.2M | 35 |
| 2036 | $18.4M | 40 |
| 2037 | $27M | 45 |
| 2038 | $24.4M | 36 |
| 2039 | $34.2M | 29 |
| 2040 | $12.9M | 43 |
| 2041 | $137.9M | 55 |
| 2042 | $147.2M | 42 |
| 2043 | $93.8M | 43 |
| 2044 | $80M | 32 |
| 2045 | $90.2M | 41 |
HOME/CDBG dollars landed
By IDIS completion year; HOME 5+ unit activities and CDBG activities matched to tracked properties — a floor, not a census.
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| Year | Activity Dollars | Count |
|---|---|---|
| 2000 | $45.5M | 123 |
| 2001 | $61.3M | 130 |
| 2002 | $61.6M | 134 |
| 2003 | $66.8M | 115 |
| 2004 | $53.9M | 120 |
| 2005 | $112.5M | 157 |
| 2006 | $112.6M | 145 |
| 2007 | $80.7M | 83 |
| 2008 | $219.3M | 187 |
| 2009 | $207.4M | 126 |
| 2010 | $167.6M | 136 |
| 2011 | $149.3M | 107 |
| 2012 | $302.6M | 192 |
| 2013 | $388.8M | 136 |
| 2014 | $238.5M | 121 |
| 2015 | $132.2M | 89 |
| 2016 | $112.9M | 84 |
| 2017 | $138.6M | 81 |
| 2018 | $110.4M | 65 |
| 2019 | $144.2M | 202 |
| 2020 | $155.8M | 67 |
| 2021 | $62.8M | 39 |
| 2022 | $104.7M | 54 |
| 2023 | $93.5M | 52 |
| 2024 | $132.3M | 62 |
| 2025 | $133.9M | 76 |
| 2026 | $58.6M | 26 |
Methodology and reconciliation against published figures: see the glossary. Filter, sort, and drill into properties in the application.