California Debt Limit Allocation Committee
- Fact Sheet: Treasurer John Chiang’s Affordable Housing Initiative
- Qualified Residential Rental On-Line Application
- Issuer Self Certification of Compliance System
- 2018 Allocation Activities
- Prior Program Years
- Fast Facts
- Meeting Agendas and Materials
- Sign Up to Receive CDLAC Information
- Mission Statement
Did You Know?
CDLAC’s programs have resulted in the allocation of more than $65 billion of private activity tax-exempt bonds to over 220 municipal, state, and joint powers authority issuers.
Federal law limits how much tax-exempt debt a state can issue in a calendar year for private projects that have a qualified public benefit. This cap is determined by a population-based formula. CDLAC was created to set and allocate California’s annual debt ceiling, and administer the State’s tax-exempt bond program to issue the debt. 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.