{"code":"HSC","codeName":"Health and Safety Code","section":"51349.3","citation":"Health & Saf. Code, § 51349.3","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 6.9. Disaster Rebuilding Fund Act [51349.1. - 51349.9.]","url":"https://blackletter.si/health-and-safety-code/division-31/part-3/chapter-6.9"}],"history":"Added by Stats. 2026, Ch. 68, Sec. 24.   (AB 179)   Effective July 13, 2026.","effective":"2026-07-13","html":"<p>For purposes of this chapter, the following definitions apply:</p><p>(a) “Agency” means the California Housing Finance Agency.</p><p>(b) “Construction loan loss guarantee” means a form of credit enhancement in which the agency agrees to reimburse a participating lender for a portion of the loss incurred on an eligible construction loan made to an eligible homeowner for the construction, reconstruction, or renovation of a home damaged or destroyed in a qualified disaster.</p><p>(c) “Construction loan rate buydown” means a form of financial assistance in which the agency reimburses the participating lender for all or a portion of lender funded temporary or permanent interest rate reductions on an eligible construction loan made to an eligible homeowner for the construction, reconstruction, or renovation of a home damaged or destroyed in a qualified disaster.</p><p>(d) “Qualified disaster” means a disaster that received a state of emergency proclamation by the Governor, or a major disaster declaration approved by the President of the United States.</p>","text":"For purposes of this chapter, the following definitions apply: (a) “Agency” means the California Housing Finance Agency. (b) “Construction loan loss guarantee” means a form of credit enhancement in which the agency agrees to reimburse a participating lender for a portion of the loss incurred on an eligible construction loan made to an eligible homeowner for the construction, reconstruction, or renovation of a home damaged or destroyed in a qualified disaster. (c) “Construction loan rate buydown” means a form of financial assistance in which the agency reimburses the participating lender for all or a portion of lender funded temporary or permanent interest rate reductions on an eligible construction loan made to an eligible homeowner for the construction, reconstruction, or renovation of a home damaged or destroyed in a qualified disaster. (d) “Qualified disaster” means a disaster that received a state of emergency proclamation by the Governor, or a major disaster declaration approved by the President of the United States.","otherVersions":[],"url":"https://blackletter.si/health-and-safety-code/disaster-rebuilding-fund-act-51349-3","source":"California Legislative Information bulk export (pubinfo)"}