California Health and Safety Code

§ 50490.4

HSC § 50490.4 Effective Jan 1, 2020Div. 31 · Part 2 · Ch. 2.8

Statute text

(a)An administrative entity shall use funds allocated pursuant to subdivision (a) of Section 50490.2 for one or more of the following eligible activities:

(1)Rental assistance and housing relocation and stabilization services to ensure housing affordability to people experiencing homelessness or at risk of homelessness. Rental assistance provided pursuant to this paragraph shall not exceed 48 months for each assisted household, and rent payments shall not exceed two times the current HUD fair market rent for the local area, as determined pursuant to Part 888 of Title 24 of the Code of Federal Regulations.

(2)Operating subsidies in the form of 15-year capitalized operating reserves for new and existing affordable permanent housing units for homeless individuals and families.

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Legislative history

Amended by Stats. 2019, Ch. 497, Sec. 169. (AB 991) Effective January 1, 2020.