Bond Funded

Multifamily housing revenue bonds serve as a primary funding source for affordable housing developments. Issuers, such as the City of San José, are obligated to oversee bond regulatory agreements to ensure bond funds are used appropriately and tenant rents comply with the terms of these agreements.

The California Debt Limit Allocation Committee (CDLAC) requires owners of affordable housing properties financed through bonds to complete annual certifications for bond compliance by March 1^st each year. As an issuer, the City fulfills bond compliance monitoring responsibilities under Section 5220 of CDLAC regulations. Each year, the City must certify to CDLAC that all bond-funded developments meet the commitments outlined in the original application.

To ensure your property remains compliant with CDLAC requirements. The City of San José must complete compliance reporting for the 2025 reporting period no later than March 1, 2026.

Submission Deadline

To ensure timely submission to CDLAC, all required forms must be submitted to the City of San José no later than February 13, 2026.

Properties that require annual CDLAC submissions can be reviewed here.

The following forms must be submitted to the City of San José:

Properties Under Construction

CDLAC Certification of Compliance Forms II - QRRP (for projects that received an Allocation after December 31, 2016)

CDLAC Completion Certification (for projects scheduled for construction completion during reporting year)

Certification of Delivery of Public Benefits (City of San José Requirement)

Certificate of Delivery of Public Benefits Form

All Other Properties

City of San José requirements:

CDLAC requirements:

CTCAC Project Status Report (PSR) or equivalent documentation (for QRRP projects that received an Allocation after December 31, 2016)

PSR Form (Dated 12/31/2025)
PSR Instruction

Select the applicable form below:

CDLAC Certification of Compliance Forms I - QRRP (for projects that received an Allocation prior to December 31, 2016) - cut and paste onto projects sponsor letterhead

Certificate of Compliance I (QRRP and Non-QRRP) Fillable

CDLAC Certification of Compliance Forms II - QRRP (for projects that received an Allocation after December 31, 2016)

Please ensure timely submission of all forms to avoid any delays or non-compliance issues. Failure to submit compliance reports may result in disqualification from future program participation.

Kindly submit all documents electronically to assetsubmissions@sanjoseca.gov, using the subject line format: Name of the Property, 2025 - CDLAC Submission.

For any inquiries, please contact your portfolio manager directly or the Asset Management team at assetsubmissions@sanjoseca.gov.

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