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 November 2014

2014 State Debt Ceiling: $3,833,252,100

Multifamily Housing reservation: $1,250,000,000
Single-family Housing reservation: $900,000,000
Home Improvement and Rehabilitation reservation: $150,000,000
Industrial Development and Small Business reservation: $50,000,000 *
Exempt Facility reservation: $0

2014 Debt Ceiling Allocated, to date:

$506,605,760

Multifamily Housing

$375,034,000

  • Total number of residential rental units: 8,761 of which 8,519 will be restricted to households earning 60% or less of the applicable median family income

Single Family Housing

$83,581,132

  • Total number of first-time homebuyers: 478

Exempt Facilities

$0

(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