50662.7.
For the purpose of providing disaster relief to those owners of owner-occupied single-family dwellings that were damaged or destroyed as a result of a natural disaster defined by Section 8680.3 of the Government Code, resulting in a state of emergency proclaimed by the Governor pursuant to Section 8625 of the Government Code, financial assistance may be provided to disaster victims as prescribed in this chapter under the following special conditions, which shall prevail over conflicting provisions of this chapter and administrative regulations:
(a)
The loans shall be provided in the counties proclaimed by the Governor to be in a state of disaster (1) to persons who do not qualify for loan assistance from an agency of the United States for rehabilitation of the damage caused by a natural disaster, (2) to the extent that federally provided or assisted financing may be insufficient to accomplish the necessary rehabilitation, and (3) to the extent required to enable the recipient to obtain and afford loan assistance from an agency of the United States to finance the necessary rehabilitation. The loans shall be made only to households that are victims of a natural disaster and only to the extent that other federal and state resources, or private institutional lending sources, are not available or do not provide the assistance or coverage needed to rehabilitate or reconstruct their homes.
(b)
The loans shall be for the purpose of rehabilitating, including reconstructing, dwellings that are owner-occupied or would be owner-occupied but for the damage caused by the natural disaster. For the purposes of this section, “owner-occupied dwellings” include single-family units, attached owner-occupied units, condominiums, town houses, cooperatives, any duplex in which the owner occupies one unit, and manufactured homes, including mobilehomes.
(c)
The maximum loan amount shall not exceed thirty thousand dollars ($30,000), except that the department may waive this limitation in individual cases to permit compliance with health and safety standards, seismic safety standards, and general property improvements relating to these standards. In the case of manufactured homes or mobilehomes, loan funds shall be used to bring the dwelling into compliance with Chapter 4 (commencing with Section 18025) of Part 2 of Division 13.
(d)
The loan, together with any existing indebtedness encumbering the property, shall not exceed 100 percent of the after-rehabilitation value of the property, except that the department may waive this limitation in individual cases to permit compliance with health and safety standards, seismic safety standards, and general property improvements relating to these standards.
(e)
The department shall not consider either individual or family income in determining eligibility for a loan under this section.
(f)
Repayment of the principal amount of a loan under this section and interest thereon shall not be required until the borrower transfers ownership of the rehabilitated property or refinances the property, whichever occurs first. Payments of principal and interest on the loans, and any excess loan funds that are rebated to the department, shall, notwithstanding Section 50661, be deposited in the General Fund.
(g)
The department may make loans directly to borrowers, or contract for the administration of loans with one or more entities that it determines to have the necessary experience to successfully administer the loan program, including, but not limited to, local public agencies and private organizations. The department may authorize, under that contract, the payment of expenses incurred by the entities in administering the loan program and may prescribe the conditions pursuant to which the entities shall administer the loans.
(h)
The department may utilize any funds deposited into the California Disaster Housing Rehabilitation Fund, and any interest that accrues on those funds, for the payment of any administrative or other program cost incurred under this section.
(i)
Section 50668 does not apply to loans made pursuant to this section.
(j)
The department may apply funds appropriated for the purposes of this section for the purpose of curing or averting an owner’s default on the terms of any loan or other obligation where that default would jeopardize the department’s security in the owner-occupied housing assisted pursuant to this section. The payment or advance of funds by the department pursuant to this subdivision shall be exclusively within the department’s discretion, and no person shall be deemed to have any entitlement to the payment or advance of those funds. The amount of any funds expended by the department pursuant to this subdivision shall be added to the loan amount secured by the deed of trust and shall be payable to the department upon demand.
(k)
Any rule, policy, or standard of general application employed by the Department of Housing and Community Development in implementing this section shall not be subject to the requirements of Chapter 3.5 (commencing with Section 11340) of Part 1 of Division 3 of Title 2 of the Government Code.
(
l)
Fund allocations made pursuant to this section shall not be subject to review or approval by the Loan Committee of the Department of Housing and Community Development operating pursuant to Subchapter 1 (commencing with Section 6900) of Chapter 6.5 of Title 25 of the California Code of Regulations.
(m)
In order to be eligible for one or more lands pursuant to this section, the borrower shall agree to brace foundation cripple walls, affix or bolt a sill plate to the foundation, and brace and stabilize all free-standing, standup type water heaters. The loans shall include an amount sufficient to meet those requirements.