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§ 5344. Minimum Requirements.

CDLAC Regulations — Qualified Residential Rental Project Program (tax-exempt bond allocation) · 2026 edition · updated 2026-07-29 · California

(a) An Applicant requesting an Allocation for a Home Improvement and Rehabilitation Program must commit to a minimum of twenty percent (20%) of the participants in the Home Improvement and Rehabilitation Program being:

(1) Households located in a Qualified Census Tract; or

(2) Households earning eighty percent (80%) or less of the Applicable Median Family Income of the area in which the program is located. Applicants may use the high-cost area adjustment set forth in 26 U.S.C. section 143(f)(5) to meet this minimum requirement.

(b) For Home Improvement and Rehabilitation Mortgage Revenue Bond Programs, in order to be eligible for a new Home Improvement and Rehabilitation Program Allocation, the Applicant shall:

(1) Demonstrate that all proceeds from a Bond issuance in the calendar year three (3) years prior to the current year (other than amounts that are insufficient to fund one Home Improvement and Rehabilitation loan) have been used to finance loans, or; have been refunded on either a short or long term basis so as to be available to finance loans.

(2) Certify that any remaining Bond proceeds or authority from an Allocation up to two (2) calendar years prior to the current year will be used either before the use of new Allocation or in conjunction with new Allocation in satisfying federal requirements for such prior funds.

(c) For Home Improvement and Rehabilitation Mortgage Credit Certificate programs, in order to be eligible for a new Home Improvement and Rehabilitation Program Allocation, the Applicant must:

(1) Demonstrate that all remaining Bond authority in the calendar year two (2) years prior to the current year (other than amounts that are insufficient to fund one Home Improvement and Rehabilitation MCC) have been issued.

(2) Certify that any Mortgage Credit Certificate authority remaining from the year prior to the current year will be used before the use of new Home Improvement and Rehabilitation Mortgage Credit Certificate authority.

NOTE: Authority cited: Section 8869.94, Government Code. Reference: Sections 8869.84(c), 8869.85(a) and 8869.85(b), Government Code.

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▸ Contents — CDLAC Regulations — Qualified Residential Rental Project Program (tax-exempt bond allocation)
CDLAC Regulations — Qualified Residential Rental Project Program (tax-exempt bond allocation)
  1. Table of Contents
  2. 4 CCR Sections 5000 et seq.
  3. § 5000. Definitions.
  4. § 5002. Eligible Applicants.
  5. § 5004. Application Ranking and Award Recommendations.
  6. § 5005. Application Deficiencies and Appeals
  7. (c) Appeals Process.
  8. § 5006. Performance Deposit Requirements.
  9. (b) Release of Performance Deposit.
  10. § 5007. Minimum Bond Sale Structure Requirements.
  11. § 5008. Private Placement Sales.
  12. § 5009. Limited Offering and Public Offering Bond Sales.
  13. § 5010. Committee Resolutions; Use of State Ceiling Allocation…
  14. § 5011. Carryforward Allocations.
  15. § 5012. Notification of Bond Issue and Report of Action Taken.
  16. § 5014. Certification of Compliance.
  17. § 5015. Disqualification.
  18. Chapter 2. Qualified Residential Rental Projects
  19. § 5100. Definitions.
  20. § 5102. QRRP Application Procedures and Requirements.
  21. (m) Negative Points (no maximum).
  22. § 5106. Ranking.
  23. (c) Applications for BIPOC Projects.
  24. (B) The project’s rent savings benefit, which is as follows:
  25. § 5107. QRRP Program Requirements.
  26. (d) Minimum restriction term.
  27. (e) Debt Service Coverage Ratio.
  28. § 5108. Bond Allocation Limits and Issuance Deadline Extensions
  29. § 5109. Supplemental Allocation Process.
  30. § 5110. Open Application Process for Projects assisted by HUD.
  31. § 5111. Expiring Projects in Difficult Development Areas or Qu…
  32. § 5112. Post-Issuance Compliance.
  33. Chapter 3. Single Family Housing
  34. § 5260. Definitions.
  35. Article 2. Eligibility Requirements
  36. § 5265. Application Process.
  37. § 5266. Participation Goals.
  38. § 5267. Consistency with Adopted Housing Elements.
  39. § 5268. Mortgage Revenue Bond Eligibility.
  40. § 5269. Mortgage Credit Certificate Eligibility.
  41. § 5270. Exceptions to Minimum Requirements.
  42. § 5271. Allocation Method.
  43. § 5273. Income and Purchase Price Certification.
  44. Article 3. Evaluation Criteria
  45. § 5275. Minimum Goals.
  46. § 5280. Eligibility Requirements.
  47. § 5281. Evaluation Criteria.
  48. § 5282. Allocation Method.
  49. § 5283. Excess Bonus Pool Distribution.
  50. Chapter 4. Extra Credit Teacher Home Purchase Program
  51. Article 2. Eligibility Requirements
  52. § 5310. Application Process.
  53. § 5311. Application of Standards.
  54. § 5312. Applicant Eligibility.
  55. § 5313. Program Goals.
  56. § 5314. Program Provisions.
  57. (f) A priority system such that:
  58. § 5315. Alternative Schools. [Repealed]
  59. Article 3. Evaluation Criteria
  60. § 5320. Evaluation Criteria
  61. § 5321. Allocation Amount
  62. Article 4. Reporting Requirements
  63. § 5330. Specific Reports
  64. Article 5. Noncompliance
  65. § 5340. Monetary Assessment
  66. Chapter 5. Single Family Housing Home Improvement and Rehabili…
  67. Article 1. Definitions
  68. § 5342. Definitions.
  69. Article 2. Eligibility Requirements
  70. § 5343. Application Process.
  71. § 5344. Minimum Requirements.
  72. § 5345. Exceptions to Minimum Requirements.
  73. Article 3. Evaluation Criteria
  74. § 5346. Past Performance.
  75. § 5347. Potential Public Benefits Calculation.
  76. Chapter 6. Small-Issue Industrial Development Bond Program
  77. § 5350. Definitions.
  78. Article 2. Applications
  79. § 5360. Application Process.
  80. § 5361. Allocations to CIDFAC. [Repealed]
  81. § 5362. Transfer of Allocation by CIDFAC. [Repealed]
  82. § 5363. Reporting Requirements. [Repealed]
  83. Article 3. Evaluation Criteria
  84. § 5369. Minimum Requirements.
  85. § 5370. Evaluation Criteria.
  86. § 5371. Enterprise/Empowerment Zone Facility Bond Projects.
  87. § 5372. Permits. [Repealed]
  88. § 5380. Allocations to CIDFAC. [Repealed]
  89. § 5381. Minimum Requirements. [Repealed]
  90. § 5382. Evaluation Criteria. [Repealed]
  91. § 5384. Reporting Requirements. [Repealed]
  92. Chapter 7. Exempt Facility Bond Program
  93. Article 1. Definitions
  94. § 5400. Definitions.
  95. Article 2. Applications
  96. § 5410. Application Process.
  97. § 5411. Allocations to CPCFA.
  98. Article 3. Eligibility Requirements
  99. § 5420. Justification of Tax-Exempt Funds.
  100. § 5421. CEQA Requirements.
  101. § 5422. Permits.
  102. § 5423. Review of New Technologies.
  103. Article 4. Evaluation Criteria
  104. § 5430. Environmental Goals.
  105. § 5431. Disposal of Solid Waste.
  106. § 5432. Non-Solid Waste Projects.
  107. § 5433. Use of Taxable Debt.
  108. § 5434. Local Support.
  109. § 5435. Conversion of Taxable Debt.
  110. § 5440. Ranking.
  111. Chapter 8. Student Loan Programs
  112. § 5450. Definitions.
  113. Article 2. Eligibility Requirements
  114. § 5460. Application Process.
  115. § 5461. Minimum Requirements.
  116. Article 3. Evaluation Criteria
  117. § 5470. Evaluation and Ranking.
  118. Chapter 9. Recovery Zone Economic Development Bond (RZEDB) Pro…
  119. § 5480. U.S. Treasury Designated Recovery Zone Bond Allocation…
  120. § 5490. Application Process. [Repealed]
  121. § 5492. Minimum Application Requirements. [Repealed]
  122. § 5494. Undersubscribed Allocation. [Repealed]
  123. § 5500. Evaluation Criteria. [Repealed]
  124. § 5510. Reports and Timeframes. [Repealed]
  125. Chapter 10. Recovery Zone Facility Bond (RZFB) Program [Repeal…
  126. § 5532. Minimum Application Requirements. [Repealed]
  127. § 5533. Reallocation Priority System. [Repealed]
  128. § 5540. Evaluation Criteria. [Repealed]
  129. § 5550. Reports and Timeframes. [Repealed]
  130. Chapter 11. Qualified Energy Conservation Bond Program [Repeal…
  131. § 5560. Definitions. [Repealed]
  132. § 5570. Application Process. [Repealed]
  133. § 5571. Minimum Requirements. [Repealed]
  134. § 5572. Reallocation of Waived Allocation. [Repealed]
  135. § 5580. Evaluation Criteria. [Repealed]
  136. Article 2. Evaluation Criteria
  137. § 5620. Scoring Criteria.
  138. § 5630. Allocation Distribution.
  139. Article 3. Reporting Requirements
  140. § 5640. Specific Reports.
  141. Chapter 13. Qualified Public Educational Facility Bond (QPEFB)…
  142. § 5700. Definitions. [Repealed]
  143. Article 2. Applications [Repealed]
  144. § 5710. Application Process. [Repealed]
  145. § 5711. Allocations. [Repealed]
  146. § 5720. Project Readiness. [Repealed]
  147. § 5721. Permits. [Repealed]
  148. Article 4. Reporting and Regulatory Requirements [Repealed]
  149. § 5730. Specific Reports. [Repealed]
  150. § 5731. Regulatory Compliance. [Repealed]

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