The California Debt Limit Allocation Committee (CDLAC)
The California Debt Limit Allocation Committee (CDLAC) allocates tax exempt, private activity bond authority for State and local issuers.
Private activity bonds, such as Industrial Development Bonds, may only be used by the private sector for projects and programs that provide a public benefit. The federal government limits the amount of federal tax-exempt private activity bonds that can be used in a state on an annual basis.
The California Tax Credit Allocation Committee's (CTCAC)
The California Tax Credit Allocation Committee's (CTCAC) administers federal and state low-income tax credit housing programs.
Both programs encourage private investment in affordable rental housing for households meeting certain income requirements. CTCAC also administers an economic development program known as the California Commercial Revitalization Deduction Program. This program allocates federally authorized Commercial Revitalization Program deductions to five federally qualified Renewal Communities in California.
www.treasurer.ca.gov/cidfac
The California Industrial Development Financing Advisory Commission (CIDFAC)
The California IndustrialDevelopment Financing Advisory Commission (CIDFAC)reviews Industrial Development Bond applications to ensure that use of the bonds provide legislatively-mandated public benefits.
