al-RAP is a unique program allowing Community Development and Redevelopment Agencies to obtain financing at low interest rates through pooling. This is achieved with the help of bond insurance, available because the variety of agencies participating in the program strengthens the bonds' credit attributes.

Participants can use their own Financial Advisor, Bond Counsel, and Trustee while taking advantage of the program. Participation in Cal-RAP is "as needed" allowing agencies to join the existing open-ended pool at any time.