California Debt Limit Allocation Committee


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 October 2015

2015 State Debt Ceiling: $3,880,250,000

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
Beginning Farmer reservation: $50,000,000

2015 Debt Ceiling Allocated, to date:


Multifamily Housing

$640,577,430 (plus $1,493,794,465 in past year carryforward)

  • Total number of residential rental units: 11,268 of which 11,226 will be restricted to households earning 60% or less of the applicable median family income

Single Family Housing


  • Total number of first-time homebuyers: 2,556

Exempt Facilities


(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