CDLAC Apportions 84.34 Percent of 2020 PAB Allocation to Multifamily Housing

Tuesday, December 24, 2019 - 12:30pm

The California Debt Limit Allocation Committee (CDLAC) Monday voted to apportion 84.34 percent of the state ceiling of private activity bond allocation in 2020 for multifamily affordable rental housing. California is expected to have a PAB cap of about $4.2 billion in 2020, which means approximately $3.6 billion would go to multifamily housing PABs, which are paired with 4 percent low-income housing tax credits.