California Debt Limit Allocation Committee

Extra Credit Home Purchase Program

Designed to assist teachers, principals and other credentialed school staff purchase homes.

Contact Information

If you have any questions about the Extra Credit Home Purchase Program, please contact CDLAC.

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The Extra Credit Teacher Home Purchase Program helps California teachers, principals and other credentialed school staff buy homes. State and local government agencies issue-tax exempt mortgage revenue bonds or other securities to employees of low-performing schools, ranked in the bottom half of statewide.

Participants commit to work at a low-performing school for at least three years. Program participants also must meet program income limits and must purchase a home that falls within purchase price limitations.

There is currently no state or local administrator for this program.