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California Debt Limit Allocation Committee

About CDLAC

Program Areas

Federal law limits how much tax-exempt debt a state can issue in a calendar year, with the cap determined by a population-based formula. CDLAC was created to set and allocate California’s annual debt ceiling, and administers the tax-exempt bond program to issue the debt.

Allocation is distributed among six program areas. The Qualified Residential Rental Project Program assists developers of multifamily rental housing units, the Single-Family Housing Program assists first-time homebuyers with their home purchase, the Exempt Facility Program helps finance solid waste disposal and waste recycling facilities and an Industrial Development Bond Project Program helps construct or expand manufacturing facilities.

Additionally, CDLAC allocates to the Extra Credit Home Purchase Program, which helps teachers and school staff purchase a home and the Student Loan Program to help students and families pay for their higher education.

For information on funding for brownfields, visit CPCFA.

Fast Facts
Year to Date Through March

2008 State Debt Ceiling: $3,107,023,275

Multifamily Housing reservation: $1,632,023,275
Single-family Housing reservation: $700,000,000
Industrial Development and Small Business reservation: $120,000,000
Pollution Control and Recycling reservation: $430,000,000
Student Loan reservation: $225,000,000

2008 Debt Ceiling Allocated, to date:

$1,181,097,288

Multifamily Housing

$702,355,113

  • Total number of residential rental units: 5,652 of which 5,234 will be restricted to households earning 60% of less of the applicable median family income

Single Family Housing

$94,250,289

  • Total number of first-time homebuyers: 414

Industrial Development and Small Business

For more information, please see the CIDFAC website

Pollution Control and Recycling

For more information, please see the CPCFA website