California Health and Safety Code

§ 51521

HSC § 51521 Effective Jun 30, 2022Div. 31 · Part 3 · Ch. 12

Statute text

The Legislature finds and declares all of the following:

(a)Housing prices in California have risen dramatically in all parts of the state in the past decade, while the wealth gap, especially the racial wealth gap, continues to be a growing problem in California.

(b)Households who cannot afford a large down payment to offset the higher prices are increasingly locked out of homeownership. This disproportionately locks out first-time and first-generation homebuyers. This is particularly true for households of color who have faced decades of systemic racial barriers.

…

Legislative history

Added by Stats. 2022, Ch. 70, Sec. 43. (SB 197) Effective June 30, 2022.