Qualified Residential Rental Project (QRRP) Program
Designed to assist developers of multifamily rental housing units to acquire land and construct new units or purchase and rehabilitate existing units.
Contact Information
If you have any questions about the Qualified Residential Rental Program, please contact CDLAC.
Quick Links
- Directions for Finding Information for Distressed Community Criteria
- Methodology for Determining Rural-Status Projects
- Waiver of Rent per Square Foot Requirement
- Market Study Guidelines
- Forward Commitment for Federal Housing Administration Financed Projects
- Archived Quick Links
- Sign Up to Receive CDLAC Information
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The State of California is short 1.5 million affordable housing units. The Qualified Residential Rental Project Program helps spur affordable housing production by assisting developers of multifamily rental housing units with the acquisition and construction of new units, or the purchase and rehabilitation of existing units.
How does it work? State and local governmental agencies and other joint powers authorities can issue tax-exempt housing revenue bonds. The tax-exempt bonds lower the interest rate paid by developers. The developers in turn produce market rate and affordable rental housing for low and very low-income households by reducing rental rates to individuals and families. Projects that receive an award of bond authority have the right to apply for non-competitive 4% tax credits, administered by the California Tax Credit Allocation Committee.
Bond authority for rental projects is awarded according to the CDLAC Allocation System.
2023 Guidance Memo for Supplemental Allocation Application Process.
2023 Guidance Memo for 2nd round Applicants applying for a QRRP Bond allocation and Tax Credits
- Automatic 90-Day Extension Guidance for December 2021 R3 Projects
- Automatic 90-Day Extension Guidance for June 2022 R1 Projects
- 2023 Attachment 40 – 4% Tax Credit Application with Tax-Exempt Bond Financing
- Exhibit A and Exhibit B
- Joint Checklist
- Supplemental Checklist
- On-Line Application
- On-Line Application Frequently Asked Questions (FAQ)
- On-Line Application Instructions
- Statewide Basis Limit Delta
- Report of Action Taken Form
- Certification of Compliance I (QRRP and Non-QRRP) Fillable
- Certification of Compliance II (QRRP) Fillable
- Certification of Compliance II (Non-QRRP) Fillable
- Certificate of Completion QRRP Form Fillable