MCC Program
Most borrowers who qualify for the HOP program also qualify for the Mortgage Credit Certificate (MCC) program, which offers the first time homebuyer a federal income tax credit. This credit reduces the amount of federal taxes the holder of the certificate would pay. The qualified homebuyer who is awarded an MCC may take an annual credit against their federal income taxes paid on the homebuyer’s mortgage. If both the homebuyer and the new home are eligible, the participating lender fills out the MCC application forms for the homebuyer, and sends them to the County for review. If both the home and homeowner qualify, the County can then issue an MCC. There is a $250 non-refundable application fee for an MCC. For more information on how to apply, contact the Los Angeles Community Development Commission’s (CDC) MCC Program Specialist at (323)890-7034.
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Chris "Doc" Apodaca
Jeff Brown – BawldGuy
Scott Schang
