CDLAC Proposes Only Two PAB Multifamily Housing Allocation Rounds in 2022

Monday, January 17, 2022 - 12:30pm

The California Debt Limit Allocation Committee (CDLAC) will consider a proposal at a committee meeting Wednesday to hold just two allocation rounds for the state’s private activity bond (PAB) allocations for multifamily affordable housing. CDLAC has generally held three allocation rounds, but the proposal–recommended for approval by staff–calls for application deadlines of March 16 and July 7 only, with committee meetings to make the awards June 15 and Oct. 19.  

The Novogradac Tax Exempt Bond Handbook is a comprehensive resource for regulations, guidance and legislation on the use of tax-exempt, PABs in multifamily housing developments.