{"code":"HSC","codeName":"Health and Safety Code","section":"51054","citation":"Health & Saf. Code, § 51054","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 3. CALIFORNIA HOUSING FINANCE AGENCY [50900. - 51532.]","url":"https://blackletter.si/health-and-safety-code/division-31/part-3"},{"name":"CHAPTER 4. General Powers [51050. - 51070.]","url":"https://blackletter.si/health-and-safety-code/division-31/part-3/chapter-4"}],"history":"Amended by Stats. 1979, Ch. 1207.","effective":null,"html":"<p>The agency may make or undertake commitments to make development loans, construction loans, mortgage loans, and property improvement loans to housing sponsors to finance housing developments, as provided in Chapter 5 (commencing with Section <a href=\"/hsc/51100\">51100</a>) of this part.</p><p>The agency may, in conjunction with a construction loan, set aside a reserve to provide improvement security required under subdivision (c) of Section 66462 and Chapter 5 (commencing with Section 66499) of Division 2 of Title 7 of the Government Code, which shall be in lieu of improvement security otherwise required by such provisions.</p>","text":"The agency may make or undertake commitments to make development loans, construction loans, mortgage loans, and property improvement loans to housing sponsors to finance housing developments, as provided in Chapter 5 (commencing with Section 51100) of this part. The agency may, in conjunction with a construction loan, set aside a reserve to provide improvement security required under subdivision (c) of Section 66462 and Chapter 5 (commencing with Section 66499) of Division 2 of Title 7 of the Government Code, which shall be in lieu of improvement security otherwise required by such provisions.","otherVersions":[],"url":"https://blackletter.si/health-and-safety-code/general-powers-51054","source":"California Legislative Information bulk export (pubinfo)"}