CHAPTER 5.5. Affordable Housing Preservation

Chapter 5.5 added by Stats. 2021, Ch. 111, Sec. 16.

§§ 50606–50609 · 4 sections

• § 50606 (a) It is the intent of the Legislature in enacting this chapter to provide the department the flexibility necessary to maintain the supply and quality of the…
• § 50607 (a) Upon appropriation by the Legislature for purposes of this chapter, the department may make loans or grants, or both loans and grants, to rehabilitate,…
• § 50608 (a) For any loans issued pursuant to this chapter, principal and accumulated interest is due and payable upon completion of the term of the loan. The loan…
• § 50609 (a) The department may designate an amount not to exceed 1.5 percent of funds appropriated for use pursuant to this chapter for the purposes of curing or…