California’s Qualified Residential Rental Project Program
The State of California is short 1.5 million affordable housing units. The Qualified Residential Rental Project Program helps spur affordable housing production by assisting developers of multifamily rental housing units with the acquisition and construction of new units, or the purchase and rehabilitation of existing units.
How does it work? State and local governmental agencies and other joint powers authorities can issue tax-exempt housing revenue bonds. The tax-exempt bonds lower the interest rate paid by developers. The developers in turn produce market rate and affordable rental housing for low and very low-income households by reducing rental rates to individuals and families. Projects that receive an award of bond authority have the right to apply for non-competitive 4% tax credits, administered by the California Tax Credit Allocation Committee.
Bond authority for rental projects is awarded according to the CDLAC Allocation System.
Online Application Portal
Application Attachments and Instructions
Post-Award
Make a Payment
2025 CTCAC/HCD Opportunity Area Maps
Eaton Fire Map
Palisades Fire Map
Quick Links
Regulations
Directions for Finding Information for Distressed Community Criteria
Methodology for Determining Rural-Status Projects
Waiver of Rent per Square Foot Requirement
Market Study Guidelines
Make a Payment
Sign Up to Receive CDLAC Information
Contact Information
If you have any questions about the Qualified Residential Rental Program, please contact CDLAC.
