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California Debt Limit Allocation Committee (CDLAC)

Utility Energy Efficiency & Solar Programs for Multifamily and Single Family Housing

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 2012

2012 State Debt Ceiling: $3,580,731,640

Multifamily Housing reservation: $1,250,000,000
Single-family Housing reservation: $750,000,000
Industrial Development and Small Business reservation: $50,000,000
Exempt Facility reservation: $0

2012 Debt Ceiling Allocated, to date:

$183,002,684

Multifamily Housing

$133,225,000

  • Total number of residential rental units: 1,994 of which 1,789 will be restricted to households earning 60% or less of the applicable median family income

Single Family Housing

$49,777,684

  • Total number of first-time homebuyers: 355

Exempt Facilities

$0

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