California Health and Safety Code

§ 52076

HSC § 52076 Effective Mar 11, 2002Div. 31 · Part 5 · Ch. 7 · Art. 1

Statute text

Subject to the limitations prescribed in this chapter, a city or county may make, or undertake commitments to make, construction loans and mortgage loans to housing sponsors to finance the acquisition, construction, rehabilitation, refinancing, or development of multifamily rental housing. For this purpose, the city or county shall enter into regulatory contracts and other agreements with housing sponsors receiving loans under this chapter to assure all requirements of this chapter are satisfied.

Legislative history

Added by Stats. 2002, Ch. 12, Sec. 1. Effective March 11, 2002.