Health and Safety Code - HSC
DIVISION 31. HOUSING AND HOME FINANCE [50000 - 54913]
( Division 31 repealed and added by Stats. 1977, Ch. 610. ) PART 5. LOCAL HOUSING FINANCE AGENCIES [52000 - 52106]
( Part 5 added by Stats. 1979, Ch. 1069. ) CHAPTER 7. Multifamily Rental Housing [52075 - 52098]
( Chapter 7 added by Stats. 2002, Ch. 12, Sec. 1. ) ARTICLE 1. Financing [52075 - 52087]
( Article 1 added by Stats. 2002, Ch. 12, Sec. 1. ) 52076.
Subject to the limitations prescribed in this chapter, a city or county may make, or undertake commitments to make, construction loans and mortgage loans to housing sponsors to finance the acquisition, construction, rehabilitation, refinancing, or development of multifamily rental housing. For this purpose, the city or county shall enter into regulatory contracts and other agreements with housing sponsors receiving loans under this chapter to assure all requirements of this chapter are satisfied.
(Added by Stats. 2002, Ch. 12, Sec. 1. Effective March 11, 2002.)