California Health and Safety Code

§ 51331

HSC § 51331 Effective Jan 1, 2001Div. 31 · Part 3 · Ch. 6.7 · Art. 2

Statute text

Subject only to the limitations prescribed in this chapter, the agency, in addition to any other power conferred by this part with respect to multifamily rental housing and housing developments, may make or undertake commitments to make loans to housing sponsors to finance the acquisition, construction, rehabilitation, refinancing, or development of multifamily rental housing. For this purpose, the agency shall enter into regulatory contracts and other agreements with housing sponsors receiving loans pursuant to this chapter to ensure compliance with this chapter.

Legislative history

Amended by Stats. 2000, Ch. 553, Sec. 5. Effective January 1, 2001.