The Latest
- September 18, 2013 Schedule of Critical Dates
Posted 5/20/13 - Emergency Rulemaking 5-Day Pre-Notice
Posted 5/16/13 - Inducement-Reimbursement Resolution Reminder
Posted 4/25/13 - July 17, 2013 Schedule of Critical Dates
Posted 4/15/13 - 15-Day Notice of Public Rulemaking
Posted 3/22/13 - Update to the CDLAC March 11, 2011 Memorandum on Existing and Future Redevelopment Agency-Financed Projects
Updated 3/19/13 - Sean Spear’s Presentation – 2012 CDLAC Results to Date
Posted 3/8/13 - March 13, 2013 Meeting Agenda and Exhibit A
Posted 3/1/13 - Final Recommendations for March 13, 2013
Posted 3/1/13 - Qualified Energy Conservation Bond (QECB)
Allocation Available for Reallocation on May 15, 2013
Posted 2/13/13 - Community Revitalization Area Points Reminder for Dissolved Redevelopment Project Areas and Existing Enterprise Zones
Posted 2/7/13 - March 1st Compliance Reminder Memo
Posted 2/4/13 - Schedule of Critical Dates for May 15th Meeting
Posted 12/10/12 - 2012 Summary of Public Benefits Analysis
Posted 2/1/13 - List of Awards for December 12, 2012 Meeting
Posted 12/13/12 - Schedule of Critical Dates for March 13th Meeting
Posted 12/10/12 - Annual Issuer Self Certification
Posted 11/2/12 - 2013 Meeting Dates
Posted 9/27/12 - 2012 Affordable Housing Cost Study Public Participation and Information Page
Posted 6/18/12
About CDLAC
- CDLAC Overview
- CDLAC Regulations and Application Instructions
- 2013 Allocation Activities
- Prior Program Years
- Applications Questions and Answers
- Filing an Appeal
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 seven program areas. The Qualified Residential Rental Project Program assists developers of multifamily rental housing units, the Single-Family First-Time Homebuyer Program assists first-time homebuyers with their home purchase, the Home Improvement and Rehabilitation Program assists in the financing of alterations to an existing residence and/or assist in the financing of the acquisition of a recently rehabilitated property, the Exempt Facility Program helps finance water, solid waste disposal and waste recycling facilities; and the Industrial Development Bond Project Program helps construct or expand manufacturing facilities, and/or purchase new equipment.
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
March 2013
2013 State Debt Ceiling: $3,613,935,850
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 **
2013 Debt Ceiling Allocated, to date:
$61,218,356
Multifamily Housing
$39,000,000
- Total number of residential rental units: 1,436 of which 1,360 will be restricted to households earning 60% or less of the applicable median family income
Single Family Housing
$22,218,356
- Total number of first-time homebuyers: 120
Exempt Facilities
$0 **
(Water, Pollution Control and Recycling)
** $2.9 billion is currently available through CPCFA.
For more information, please see the CPCFA website.
Industrial Development and Small Business
* Available through CIDFAC
For more information, please see the CIDFAC website