California Debt Limit Allocation Committee
CDLAC administers the tax-exempt private activity bond program available annually for California.
The 1986 Federal Tax Reform Act imposed a limit on how much private activity bonds can be issued in a state each year. The limit is determined by a state’s population, multiplied by a specified dollar amount. CDLAC was established to administer the allocation of this bond ceiling or "cap" and to make certain that the total amount of private activity bonds issued does not exceed the limits established under federal law. Through CDLAC’s administration, the State ensures that this limited resource is efficiently used to finance projects and programs that both provide a public benefit and contribute to the economic vitality of California.
CDLAC’s programs are used to finance affordable housing developments for low-income Californians, build solid waste disposal and waste recycling facilities, and finance direct loans used by in-need college students and their parents.
915 Capitol Mall, Room 311
Sacramento CA 95814
Extra Credit Home Purchase Program
First-time Homebuyer for teachers.
Student Loan Program
Student Loan Bond Program for financing direct loans to individuals or purchasing bundles on the secondary market of already originated loans
Waste/Recycling Exempt Facilties (EXF) Financing
Solid waste disposal and waste recycling facility financing
- Waste Management
Home Improvement and Rehabilitation (HIRB) Program
Financing for Home Improvement and Rehabilitation for individuals
Qualified Residential Rental Program (QRRP)
Tax-Exempt Bond Financing for developers of Multi-family Housing