California Debt Limit Allocation Committee

 

Introduction: Recent Program Revisions

On September 23, 2002, the California Debt Limit Allocation Committee ("CDLAC or "Committee") adopted revisions to Section 19 of the Committee's Procedures, regarding the Extra Credit Teacher Home Purchase Program.

The Extra Credit Home Purchase Program has been revised to make the Program more effective. In addition to technical and clarifying revisions, the following substantive program changes are now in effect:

• The program is now available throughout the state of California through the California Housing Finance Agency (CalHFA)
• The Program's name has changed to the "Extra Credit Home Purchase Program"
• The service commitment requirement is reduced from five years to three years.
• The Low Performing School definition is expanded to include schools with API scores 4 and 5.
  
  "Low Performing School" means a California K-12 public school 1) ranked in the bottom 50% of all schools based on the most recent Academic Performance Index, i.e. schools receiving an API Statewide Ranking of 1, 2, 3, 4 or 5; or 2) that does not have an API ranking but 70% or more of the school's pupil enrollment is eligible for free or reduced price meals.
  
  NOTE: Priority is to be given to Eligible Teachers and Eligible Administrators working in Low Performing Schools with API Rankings 1, 2 and 3.
• Program participation is expanded by creating a new category of eligible, credentialed staff members, which includes nurses, counselors and psychologists (among others).
  
  "Eligible Credentialed School Staff" means an Eligible Teacher, Eligible Administrator or Eligible Staff Member (see Eligible Credentialed School Staff).
• The program is expanded to include teachers, administrators and other credentialed school staff members who serve in county continuation and low performing charter schools.