California Debt Limit Allocation Committee

Single-Family First-Time Homebuyer Program

Designed to assist first-time homebuyers with the purchase of a home by lowering tax liability.

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If you have any questions about the Single Family First-Time Homebuyer Program, please contact CDLAC.

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The high cost of housing in California can make purchasing a home difficult for first-time homebuyers. To assist, the California Debt Limit Allocation Committe (CDLAC) offers the Single-Family First-Time Homebuyer Program. This program helps homebuyers of single-family homes, condominiums, or townhouses use mortgage credit certificates to reduce their federal tax liability by applying the credit to their net tax due. State and local governmental agencies and joint powers authorities can issue both tax-exempt mortgage revenue bonds (MRBs) or mortgage credit certificates (MCCs) to assist first-time homebuyers when they purchase a home. Program participants must meet certain income limits and purchase a home that falls within the program's purchase price limitations.