California Health and Safety Code

§ 51523

HSC § 51523 Effective Jun 30, 2022Div. 31 · Part 3 · Ch. 12

Statute text

(a)The California Dream for All Program is hereby established to provide shared appreciation loans to qualified first-time homebuyers. The program shall be limited to providing assistance to low- and moderate-income homebuyers in the purchase of owner-occupied homes. The agency, subject to the availability of funds for the purposes of this chapter, shall implement and administer the California Dream for All Program in accordance with this chapter.

(b)(1) In implementing this part, the agency shall adopt policies, rules, and regulations by resolution of the board of directors of the agency and consistent with this part to achieve all of the following:

(A)Provide assistance to meaningfully expand access to homeownership.

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Legislative history

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