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§ 5233. Allocation Limits.

4 CA ADC § 5233Barclays Official California Code of RegulationsEffective: February 28, 2024

Barclays California Code of Regulations
Title 4. Business Regulations
Division 9.5. California Debt Limit Allocation Committee
Chapter 2. Qualified Residential Rental Projects
Article 8. Evaluation Criteria
Effective: February 28, 2024
4 CCR § 5233
§ 5233. Allocation Limits.
Currentness
(a) Limit CDLAC bond allocation on all units on a per-unit basis in the QRRP Pools as follows:
Studio and SRO:
$522,000
One-bedroom:
$544,000
Two-bedroom:
$580,000
Three-bedroom:
$638,000
Four- or more bedroom:
$671,000
(b) Private Activity Bond allocation awards cannot exceed 55% of the aggregated depreciable basis plus land basis. In determining compliance with this test, CDLAC staff may rely on the legal or tax opinion submitted with the application.

Credits

Note: Authority cited: Section 8869.94, Government Code. Reference: Sections 8869.84(c), 8869.85(a) and 8869.85(b), Government Code.
History
1. New section filed 12-15-2016 as an emergency pursuant to Government Code section 8869.94; operative 12-15-2016 (Register 2016, No. 51). A Certificate of Compliance must be transmitted to OAL by 6-13-2017 or emergency language will be repealed by operation of law on the following day.
2. New section refiled 5-30-2017 as an emergency pursuant to Government Code section 8869.94; operative 6-14-2017 (Register 2017, No. 22). A Certificate of Compliance must be transmitted to OAL by 9-12-2017 or emergency language will be repealed by operation of law on the following day.
3. Repealed by operation of Government Code section 11346.1(g) (Register 2017, No. 38).
4. New section filed 10-13-2017; operative 10-13-2017 pursuant to Government Code section 11343.4(b)(3) (Register 2017, No. 41).
5. New subsection (b) filed 11-4-2019 as an emergency; operative 11-4-2019 (Register 2019, No. 45). A Certificate of Compliance must be transmitted to OAL by 5-4-2020 or emergency language will be repealed by operation of law on the following day.
6. Amendment of subsection (a) filed 5-22-2020 as an emergency pursuant to Government Code section 8869.94; operative 5-22-2020 (Register 2020, No. 21). A Certificate of Compliance must be transmitted to OAL by 11-18-2020 or emergency language will be repealed by operation of law on the following day.
7. Emergency filed 5-22-2020 extended 60 days pursuant to Executive Order N-40-20 and an additional 60 days pursuant to Executive Order N-66-20. (Register 2020, No. 21). A Certificate of Compliance must be transmitted to OAL by 3-22-2021 or emergency language will be repealed by operation of law on the following day.
8. New subsection (b) refiled 5-26-2020 as an emergency; operative 7-6-2020 (Register 2020, No. 22). A Certificate of Compliance must be transmitted to OAL by 10-5-2020 or emergency language will be repealed by operation of law on the following day.
9 Emergency filed 5-26-2020 extended 60 days (Executive Order N-40-20) (Register 2020, No. 22). A Certificate of Compliance must be transmitted to OAL by 12-5-2020 or emergency language will be repealed by operation of law on the following day.
10. Editorial correction of History 6 and History 7 (Register 2020, No. 44).
11. Amendment filed 2-1-2021 as an emergency pursuant to Governmental Code section 8869.94; operative 2-1-2021. Emergency expiration extended 60 days (Executive Order N-40-20) plus an additional 60 days (Executive Order N-71-20) (Register 2021, No. 6). A Certificate of Compliance must be transmitted to OAL by 11-30-2021 or emergency language will be repealed by operation of law on the following day.
12. Repealer of 5-22-2020 emergency amendments by operation of Government Code section 11346.1(f) (Register 2021, No. 17).
13. Refiling of 5-22-2020 and 2-1-2021 orders on 12-3-2021 as an emergency; operative 12-3-2021 (Register 2021, No. 49). A Certificate of Compliance must be transmitted to OAL by 3-3-2022 or emergency language will be repealed by operation of law on the following day.
14. Certificate of Compliance as to 12-3-2021 order, including amendment of subsection (a), transmitted to OAL 4-11-2022 and filed 5-23-2022; amendments operative 5-23-2022 pursuant to Government Code section 11343.4(b)(3) (Register 2022, No. 21).
15. Amendment of subsection (a) filed 8-11-2023 as an emergency; operative 8-11-2023 (Register 2023, No. 32). A Certificate of Compliance must be transmitted to OAL by 2-7-2024 or emergency language will be repealed by operation of law on the following day.
16. Amendment of subsection (a) refiled 2-28-2024 as an emergency; operative 2-28-2024 pursuant to Government Code section 11346.1(d) (Register 2024, No. 9). A Certificate of Compliance must be transmitted to OAL by 5-28-2024 or emergency language will be repealed by operation of law on the following day.
This database is current through 4/19/24 Register 2024, No. 16.
Cal. Admin. Code tit. 4, § 5233, 4 CA ADC § 5233
End of Document