California Debt Limit Allocation Committee (CDLAC)

CDLAC’s programs have resulted in the allocation of more than $65 billion of private activity tax-exempt bonds to over 220 municipal, state, and joint powers authority issuers.

Allocating tax-exempt bonds for affordable housing projects

We are responsible for allocating California's annual tax-exempt private activity bond cap to help finance qualified residential rental projects.

Supporting the CalVet Home Loan Program

CDLAC's Single-Family Housing Program helps CalVet provide low-interest financing to eligible California veterans, often with zero down payment and no private mortgage insurance.

Prioritizing projects that create jobs for Californians

We strategically prioritize the allocation of resources to projects that create jobs and provide the greatest public benefit.

What We Offer

Federal law limits how much tax-exempt debt a state can issue in a calendar year for private projects that have a qualified public benefit. This cap is determined by a population-based formula. The California Debt Limit Allocation Committee (CDLAC) was created to set and allocate California’s annual debt ceiling and administer the State’s tax-exempt bond program to allocate the debt authority.

CDLAC’s programs are used to finance affordable housing developments for low-income Californians, build solid waste disposal and waste recycling facilities, and to finance industrial development projects.

Program Overview

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Qualified Residential Rental Project (QRRP) Program

Designed to assist developers of multifamily rental housing units to acquire land and construct new units or purchase and rehabilitate existing units.

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Single-Family Housing Program

Designed to assist first-time homebuyers with the purchase of a home by lowering tax liability.

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Exempt Facility Bond Program

Provides tax-exempt bond financing for projects involving the acquisition, construction, or installation of qualified solid waste disposal facilities.

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