50675.1.
(a) This chapter shall be known and may be cited as the Multifamily Housing Program.(b) Assistance provided to a project pursuant to this chapter shall be provided in the form of a deferred payment loan to pay for the eligible costs of development as hereafter described.
(c) Except as provided in paragraph (3), on and after January 1, 2008, of the total assistance provided under this chapter, the percentage that is awarded for units restricted to senior citizens, as defined in paragraph (1) of subdivision (b) of Section 51.3 of the Civil Code, shall be proportional to the percentage of lower income renter households in the state that are lower income elderly
renter households, as reported by the federal Department of Housing and Urban Development on the basis of the most recent decennial census conducted by the United States Census Bureau.
(1) The department shall be deemed to have met its obligation under this subdivision if the assistance awarded is not less than 1 percent below the proportional share.
(2) This subdivision does not require the department to provide loans to projects that fail to meet minimum threshold requirements under subdivision (b) of Section 50675.7.
(3) Assistance for projects meeting the definitions in paragraphs (2) and (3) of subdivision (e) of Section 11139.3 of the Government Code and subdivisions (c) and (d) of Section 53260 shall be excluded from the total assistance calculation under this subdivision.
(4) The department shall determine the time period over which it will measure compliance with this section, but that period shall not be less than one year or two funding cycles, whichever period is longer.
(5) If, at the end of the time period determined by the department, the total amount of funding for which sponsors have submitted qualified applications is lower than the proportional share, the department may award the remaining funds to units that are not restricted to senior citizens.
(6) The department’s annual report to the Legislature submitted under Section 50408 shall include a breakdown of funding awards between units restricted to senior citizens and units that are not age-restricted.
(d) This chapter shall be administered by the department
and the department shall establish the terms upon which loans may be made consistent with the provisions of this chapter.
(e) Notwithstanding any other provision of law, the sponsor of a supportive housing development, as defined in subdivision (b) of Section 50675.14, may restrict occupancy to veterans, if all of the following conditions apply:
(1) The veterans to be served possess significant barriers to social reintegration and employment that require specialized treatment and services and are due to a physical or mental disability, substance abuse, or the effects of long-term homelessness.
(2) The veterans are otherwise eligible to reside in an assisted unit.
(2)
(3) The sponsor also provides, or assists in providing, the specialized treatment and services.
(3)
(4) The development is located on property that is owned or leased by the United States Department of Veterans Affairs or the Department of Veterans Affairs and is leased to the sponsor for a term of not less than 55 years.
(4)The development meets all other requirements for assistance under this chapter and would have rated or ranked highly enough to receive that assistance without the occupancy restriction.