H-6 Mortgage Credit Certificate Program

The City shall continue to participate in the Mortgage Credit Certificate (MCC) program, administered by Alameda County, to assist eligible buyers qualify for a mortgage loan. The City shall assist the County in promoting the program to eligible buyers through the City website and written materials.

Responsible Department(s):
Alameda County Department of Housing and Community Development
Supporting Department(s)/Partner(s):
City Manager
Program Type(s):
Inter-governmental Coordination (IGC), Public Information (PI)
Implements These Policy(ies):
Funding Source(s):
MCC Allocation

Program Status:
Not Started
In Progress

The City contributes towards the administration costs of the MCC program, which is administered by the Alameda County Housing and Community Development Department (HCD). The MCC program allows low- and moderate-income homebuyers to deduct 15% of their annual mortgage interest payments on their federal income tax returns, effectively lowering the dollar amount of their monthly mortgage payments. CDLAC did not provide MCC funds to counties statewide in 2020. As a result, no MCCs were issued.