{"code":"HSC","codeName":"Health and Safety Code","section":"50747","citation":"Health & Saf. Code, § 50747","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 31. HOUSING AND HOME FINANCE [50000. - 54949.]","url":"https://blackletter.si/health-and-safety-code/division-31"},{"name":"PART 2. DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT [50400. - 50899.7.]","url":"https://blackletter.si/health-and-safety-code/division-31/part-2"},{"name":"CHAPTER 9. Rental Housing Construction Program [50735. - 50771.3.]","url":"https://blackletter.si/health-and-safety-code/division-31/part-2/chapter-9"},{"name":"ARTICLE 2. Rental Construction Incentive Program [50745. - 50750.]","url":"https://blackletter.si/health-and-safety-code/division-31/part-2/chapter-9/article-2"}],"history":"Added by Stats. 1979, Ch. 1043.","effective":null,"html":"<p>The development cost payments provided by the department pursuant to this article shall not exceed 100 percent of the development costs of a rental housing development, and shall not exceed the amount required, when considered with any subsidy or assistance provided by the agency, local finance entity or housing sponsor, including below-market interest financing, to ensure the economic feasibility of restricting occupancy of the rental housing development in accordance with Sections <a href=\"/hsc/50736\">50736</a> and <a href=\"/hsc/50739\">50739</a>. The department may defray all or a portion of development costs as they are incurred, or in accordance with a schedule developed pursuant to subdivision (j) of Section <a href=\"/hsc/50746\">50746</a>.</p>","text":"The development cost payments provided by the department pursuant to this article shall not exceed 100 percent of the development costs of a rental housing development, and shall not exceed the amount required, when considered with any subsidy or assistance provided by the agency, local finance entity or housing sponsor, including below-market interest financing, to ensure the economic feasibility of restricting occupancy of the rental housing development in accordance with Sections 50736 and 50739. The department may defray all or a portion of development costs as they are incurred, or in accordance with a schedule developed pursuant to subdivision (j) of Section 50746.","otherVersions":[],"url":"https://blackletter.si/health-and-safety-code/rental-construction-incentive-program-50747","source":"California Legislative Information bulk export (pubinfo)"}