California Health and Safety Code

§ 50675.2

HSC § 50675.2 Effective Jan 1, 2024Div. 31 · Part 2 · Ch. 6.7

Statute text

The definitions of this section shall apply to all activities conducted pursuant to this chapter. Except as otherwise provided in this chapter, or unless the context requires otherwise, the definitions contained in Chapter 2 (commencing with Section 50050) of Part 1 shall also apply to this chapter.

(a)“Affordable rent” shall be established by the department to be consistent with the rent limitations imposed by the Low-Income Housing Tax Credit Program, as administered by the California Tax Credit Allocation Committee.

(b)“Assisted unit” means a unit that is affordable to a lower income household as a result of a loan provided pursuant to this chapter. In order to ensure consistency with the Low-Income Housing Tax Credit Program, occupancy of assisted units shall be limited to households whose income does not exceed the limits specified by the California Tax Credit Allocation Committee.

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Legislative history

Amended by Stats. 2023, Ch. 780, Sec. 1. (SB 482) Effective January 1, 2024.