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 for Private Projects with a Qualified Public Benefit, with the cap determined by a population-based formula. CDLAC was created to set and allocate California’s annual debt ceiling, and administer the tax-exempt bond program to issue the debt.

Allocation is distributed among six primary program areas:

Additionally, CDLAC allocates, if needed, 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.

Fast Facts

Year to Date Through May 2016

2016 State Debt Ceiling: $3,914,481,800

Multifamily Housing reservation: $1,700,000,000
Single-family Housing reservation: $800,000,000
Home Improvement and Rehabilitation reservation: $150,000,000
Industrial Development and Small Business reservation: $50,000,000 *
Exempt Facility reservation: $0
Beginning Farmer reservation: $0

2016 Debt Ceiling Allocated, to date:

$270,134,103

Multifamily Housing

$232,549,819 (plus $1,805,333,812 in past year carryforward)

  • Total number of residential rental units: 8,035 of which 7,966 will be restricted to households earning 60% or less of the applicable median family income

Single Family Housing

$29,269,284

  • Total number of first-time homebuyers: 118

Exempt Facilities

$8,315,000

(Water, Pollution Control and Recycling)

For more information, please see the CPCFA website.

Industrial Development and Small Business

* Available through CIDFAC

For more information, please see the CIDFAC website