Staff to Recommend Making California February Bond Allocation Round Competitive

Tuesday, October 29, 2019 - 12:00pm

California Debt Limit Allocation Committee (CDLAC) staff will recommend during its Dec. 11 meeting to make competitive the February 2020 allocation round for tax-exempt bonds. The threshold score cutoff is 80 for applications for bond allocations in the February round–when CDLAC will consider the allocation of bonds to properties awarded state low-income housing tax credits (LIHTCs) in January. The deadline to apply for the February round is Nov. 15. California will have an additional $500 million in state LIHTCs in 2020 to be paired with bonds and all applications received by CDLAC by Nov. 15 that aren’t seeking state LIHTCs will be considered in the March competitive round.