Sign Up For Novogradac Industry Alert Emails

CDLAC Adopts Adjustments to Allocation Process

Monday, January 27, 2003 - 1:45AM

In an effort to assure that there is sufficient allocation to fund all viable general pool projects in program year 2003, the California Debt Limit Allocation Committee (CDLAC) adopted adjustments to its allocation process earlier this month, which among other things, set the allocation amount for the general pool in the third round higher than the first two rounds. The multifamily housing pool will receive more than 54 percent of the state cap, or about $1,436,000,000; 30 percent of that will be available in each of the first two rounds and 40 percent will be available for the third round. Click here for more information.

Learn more about Novogradac's expertise and many services