{"code":"GOV","codeName":"Government Code","section":"62505","citation":"Gov. Code, § 62505","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"TITLE 6.5. Regional Housing Finance Authorities [62500. - 62592.]","url":"https://blackletter.si/government-code/title-6.5"},{"name":"PART 1. Authority Formation [62500. - 62531.]","url":"https://blackletter.si/government-code/title-6.5/part-1"},{"name":"CHAPTER 2. Governing Structure [62505. - 62510.]","url":"https://blackletter.si/government-code/title-6.5/part-1/chapter-2"}],"history":"Added by Stats. 2024, Ch. 767, Sec. 1.   (SB 440)   Effective January 1, 2025.","effective":"2025-01-01","html":"<p>(a) (1) Except as provided in Section <a href=\"/gov/62505.1\">62505.1</a>, two or more local governments may establish a regional housing authority pursuant to this title.</p><p>(2) The authority shall be governed by a board established pursuant to Section <a href=\"/gov/62506\">62506</a>.</p><p>(b) The authority shall be a separate legal entity from the local governments that establish the authority.</p><p>(c) The formation and jurisdictional boundaries of the authority are not subject to the Cortese-Knox-Hertzberg Local Government Reorganization Act of 2000 (Division 3 (commencing with Section <a href=\"/gov/56000\">56000</a>) of Title 5).</p><p>(d) An authority’s purpose is to raise, administer, and allocate funding and provide technical assistance at a regional level for affordable housing development, including new construction and the preservation of existing housing to serve a range of incomes and housing types, including rental and owner-occupied housing. It is the intent of the Legislature that an authority help the region accommodate and meet its existing and projected housing needs for extremely low, very low, low-, and moderate-income households, and further the objectives of subdivision (d) of Section <a href=\"/gov/65584\">65584</a>.</p>","text":"(a) (1) Except as provided in Section 62505.1, two or more local governments may establish a regional housing authority pursuant to this title. (2) The authority shall be governed by a board established pursuant to Section 62506. (b) The authority shall be a separate legal entity from the local governments that establish the authority. (c) The formation and jurisdictional boundaries of the authority are not subject to the Cortese-Knox-Hertzberg Local Government Reorganization Act of 2000 (Division 3 (commencing with Section 56000) of Title 5). (d) An authority’s purpose is to raise, administer, and allocate funding and provide technical assistance at a regional level for affordable housing development, including new construction and the preservation of existing housing to serve a range of incomes and housing types, including rental and owner-occupied housing. It is the intent of the Legislature that an authority help the region accommodate and meet its existing and projected housing needs for extremely low, very low, low-, and moderate-income households, and further the objectives of subdivision (d) of Section 65584.","otherVersions":[],"url":"https://blackletter.si/government-code/governing-structure-62505","source":"California Legislative Information bulk export (pubinfo)"}