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CDLAC Approves Revisions to Procedures

Friday, August 31, 2001 - 1:45AM

The California Debt Limit Allocation Committee (CDLAC) staff has approved revisions to Sections 19 and 20 of its procedures, effective August 22, 2001. All applications must include a new addendum to be considered for the rental project pool allocation. CDLAC is the agency responsible for allocating tax-exempt bonds for affordable housing projects. There also is information on CDLAC’s web site pertaining to commitment letters for credit enhancement and a description of the proposed market area as required by the procedures.

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