A primary source of financing for affordable housing developments is multifamily housing revenue bonds. Issuers, such as the City of San José, are required to monitor the resulting bond regulatory agreement requirements to ensure that bond funds are spent appropriately and ensure that rents assessed to tenants meet the terms of the bond regulatory agreement.

The California Debt Allocation Committee (CDLAC) requires owners of affordable housing properties that were financed by the issuance of bonds to participate in annual certifications for CDLAC bond compliance. As an issuer, the City performs bond compliance monitoring duties for CDLAC per Section 5220 of the CDLAC regulations. Each year, the City is required to submit a certification to CDLAC that all of its bond-funded developments are complying with the features originally identified in the application to CDLAC and contained in Attachment A to the CDLAC resolution.

CDLAC bond compliance for the reporting year is due annually on
March 1.

Properties that require annual CDLAC submissions can be reviewed here.

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

1. Properties under construction:
   • Certificate of Completion for Qualified Residential Rental Projects
   
   
2. All other properties:
   a. City of San Jose requirements:
   • Certificate of Delivery of Public Benefits Form
   • Certificate of Continuing Program Compliance
   • 8703 Form
   • Rent Roll dated as of December 31 in City approved format.
   
   b. CDLAC requirements
   • Certificate of Completion for Qualified Residential Rental Projects
   
   (Select the applicable form below)
   
   • Certification of Compliance I form 2000-2016 Projects (for projects that received an Allocation prior to December 31, 2016) -cut and paste onto projects sponsor letterhead
   • Certification of Compliance II - QRRP(for projects that received an Allocation after December 31, 2016) 

Project Sponsor must complete and submit the required forms to the City of San José no later than March 1 to meet the State reporting deadline.

Please submit all documents electronically to assetsubmissions@sanjoseca.gov with the Name of the Property, Reporting Year - CDLAC Submission in the subject line of the email. For questions, please contact the Asset Management team at assetsubmissions@sanjoseca.gov

Free viewers are required for some of the attached documents.
They can be downloaded by clicking on the icons below.

Acrobat Reader Windows Media Player Word Viewer Excel Viewer PowerPoint Viewer