California Health and Safety Code

§ 53545.9

HSC § 53545.9 Effective Oct 12, 2013Div. 31 · Part 12 · Ch. 2

Statute text

Of the one hundred million dollars ($100,000,000) transferred to the Affordable Housing Innovation Fund established in the State Treasury under subparagraph (F) of paragraph (1) of subdivision (a) of Section 53545, the following amounts shall be allocated as follows:

(a)The department shall make available the amount of twenty-five million dollars ($25,000,000) for the Affordable Housing Revolving Development and Acquisition Program established pursuant to Section 50705.

(b)(1) The department shall make available the amount of thirty-five million dollars ($35,000,000) for the local housing trust fund matching grant program established under Section 50843.5. The department shall make available 50 percent of this amount exclusively for newly established housing trust funds.

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Legislative history

Amended by Stats. 2013, Ch. 769, Sec. 2. (AB 532) Effective October 12, 2013.