The MCC Program offers qualified first-time homebuyers a federal income tax credit. The federal credit can reduce potential federal income tax liability, creating additional net spendable income for qualified first-time homebuyers to possibly use toward their monthly mortgage payment. This MCC Program enables qualified first-time homebuyers to convert a portion of their annual mortgage interest into a direct dollar for dollar tax credit on their U.S. individual income tax returns. The qualified homebuyer is awarded a tax credit of up to 20% of the annual interest paid on the mortgage loan. The remaining 80% of the mortgage interest will continue to qualify as an itemized tax deduction.
MCC Census Tracts
Los Angeles County unincorporated areas and the following participating cities:
To become a participating lender, you must receive MCC training from our agency. Please click here to register for the next training.
To view PDF files located on this site
Program access, facility access, and publications may be provided in an alternative means and formats upon request.
Los Angeles County Development Authority
700 West Main Street, Alhambra, CA 91801 Telephone: (626) 262-4511 TDD: (626) 943-3898
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