CHAPTER 2. Definitions [50050. - 50106.]

Chapter 2 added by Stats. 1977, Ch. 610.

§§ 50050–50106 · 79 sections

§ 50050 Unless otherwise indicated by the context, the definitions contained in this chapter shall govern the construction of this division.
§ 50051 “Affirmative action” means any program created pursuant to rules and regulations of the agency to create greater job opportunities for members of disadvantaged…
§ 50052 “Affirmative marketing program” means any program approved by the agency that is designed to achieve greater access to housing opportunities created by this…
§ 50052.5 (a) For any owner-occupied housing that receives assistance prior to January 1, 1991, and a condition of that assistance is compliance with this section,…
§ 50053 (a) For any rental housing development that receives assistance prior to January 1, 1991, and a condition of that assistance is compliance with this section,…
§ 50054 “Agency” means the California Housing Finance Agency.
§ 50055 “Assisted housing” means housing financed by a below-market interest rate mortgage insured or purchased, or a loan made, by the Secretary of the United States…
§ 50056 “Below-market interest” means a below-market interest rate adequate to return to the agency sufficient income to meet its obligations, reserve requirements,…
§ 50057 “Board” means the board of directors of the agency.
§ 50058 “Bonds” means bonds, notes (including bond anticipation notes and construction loan notes), debentures, interim or other certificates, or other evidences of…
§ 50058.5 “Buy-down mortgage plan” is a program by which the effective interest cost to the purchaser of a real property is reduced below market rates through…
§ 50058.8 “Capitalized operating reserves” means capitalized funds for assisted units for the purpose of covering potential or projected operating deficits over time,…
§ 50059 “Cause” means gross neglect of duties, fraud, or violation of Section 50904 or 50905.
§ 50060 “Citizen participation” means action by the local agency that is approved by the agency as sufficient to provide persons who will be affected by financing or…
§ 50061 “Commission” means the Commission of Housing and Community Development.
§ 50061.5 Any reference in this division to the Commission of Housing and Community Development shall be deemed to be to the Department of Housing and Community…
§ 50062 “Concentrated rehabilitation area” means an area characterized by substantial deterioration of residential structures and which is designated by the agency…
§ 50062.5 “Congregate housing for the elderly” means a housing development, as defined by Section 50073.5, which is planned, designed, and managed to include facilities…
§ 50063 “Construction loan” means a short-term loan secured by real property, made for development costs incurred in construction or rehabilitation of a housing…
§ 50063.5 “Acutely low income households” means persons and families whose incomes do not exceed 15 percent of area median income, adjusted for family size and revised…
§ 50064 “Department” means the Department of Housing and Community Development.
§ 50065 “Development costs” means the aggregate of all costs incurred in connection with a housing development which are approved by the agency as reasonable and…
§ 50066 “Development loan” means a loan, made prior to the granting of a construction loan, for planning, acquisition of land and improvements thereon, and site…
§ 50067 “Elderly” means a family in which the head of the household is 60 years of age or older, a single person who is 60 years of age or older, or an elderly or…
§ 50068 “Financial interest” has the same meaning as specified in Section 87103 of the Government Code.
§ 50068.5 “First-time home buyer” means a person who is a purchaser of an owner-occupied housing unit and who neither has, nor has had, a present ownership in a…
§ 50068.6 “First-Time Home Buyers Fund” is a fund in the General Fund, distinguished from the California Housing Finance Fund, which is created by Section 52504.
§ 50068.7 “First-Time Home Buyers Policy Committee” or “policy committee” is the committee which performs certain policy functions and makes certain policy…
§ 50069 “Fund” means the California Housing Finance Fund.
§ 50070 “Governmental agency” means the United States of America, the State of California, any city, county, or city and county within this state and any department,…
§ 50071 “Guaranteed taxable bonds” means bonds secured by a pledge of the full faith and credit of the United States for the payment of the principal and interest on…
§ 50072 “Handicapped” means a family in which the head of the household is suffering from an orthopedic disability impairing personal mobility or a physical disability…
§ 50073 “Housing development,” for the purpose of housing assisted by the department, means any work or undertaking of new construction or rehabilitation, or the…
§ 50073.5 “Housing development,” for the purpose of the California Housing Finance Agency, means any existing structure of five or more dwelling units or any work or…
§ 50074 “Housing sponsor,” for the purpose of housing assisted by the department, means any individual, joint venture, partnership, limited partnership, trust,…
§ 50074.5 “Housing sponsor,” for the purpose of the California Housing Finance Agency, means any individual, joint venture, partnership, limited partnership, trust,…
§ 50075 “Legislative body” means the city council, board of supervisors, or other legislative body of the local agency.
§ 50076 “Limited-dividend housing sponsor” means any sponsor which owns a housing development and whose profit or cash return is limited pursuant to Section 51202 and…
§ 50076.5 “Limited-equity housing cooperative” means a corporation organized pursuant to Section 817 of the Civil Code and Section 11003.4 of the Business and…
§ 50076.6 “Loan,” for purposes of provisions relating to the agency, means an obligation to repay funds advanced by the agency for the purpose of financing housing that…
§ 50077 “Local agency” means a city, county, city and county, or duly constituted governing body of an Indian reservation or rancheria and includes any governmental…
§ 50078 “Local housing agent” means a city, county, city and county, or combination thereof acting jointly, or the duly constituted governing body of an Indian…
§ 50079 “Local public entity” means any county, city, city and county, the duly constituted governing body of an Indian reservation or rancheria, tribally designated…
§ 50079.5 (a) “Lower income households” means persons and families whose income does not exceed the qualifying limits for lower income families as established and…
§ 50080 “Market interest” means the interest rate determined by the agency to be the interest rate generally available in the private market for similar housing loans.
§ 50081 “Market rent” means the monthly rent established by the agency as competitive according to its own regulations, except where federal regulations provide a…
§ 50082 “Metropolitan area” means a standard metropolitan statistical area as established by the United States Office of Management and Budget.
§ 50082.7 “Mobilehome park” shall have the same meaning as such term is defined in Section 18214.
§ 50083 “Mortgage” means a mortgage, deed of trust, or other instrument that may be a lien on real property. “Mortgage” includes the note secured by such an instrument.
§ 50084 “Mortgage deficient area” means an area where private lenders have failed to provide sufficient mortgage credit for financing or refinancing of new, existing,…
§ 50085 “Mortgage assistance area” means an area characterized by a deficiency of available mortgage financing but in which general deterioration of residential…
§ 50086 “Mortgage loan” means a loan that is secured by a mortgage and is made for financing, including refinancing of existing mortgage obligations, to create or…
§ 50087 “Mutual self-help housing” means assisted housing for which persons and families of low or moderate income contribute their own labor in individual or group…
§ 50089 “Neighborhood preservation area” means any concentrated rehabilitation area, scattered-site rehabilitation area, or mortgage assistance area.
§ 50090 “Nonmetropolitan area” means an area not included in a metropolitan area.
§ 50091 “Nonprofit housing sponsor” or “nonprofit corporation” means a nonprofit corporation incorporated pursuant to Division 2 (commencing with Section 5000) of…
§ 50092 “Owner-occupied housing development”, for the purpose of housing assisted by the department, means a housing development containing not more than four…
§ 50092.1 “Owner-occupied housing unit”, for the purpose of Part 6 (commencing with Section 52500), means a single-family dwelling situated in California which is…
§ 50093 “Persons and families of low or moderate income” means persons and families whose income does not exceed 120 percent of area median income, adjusted for family…
§ 50093.5 “Public transit corridor” means that area within one-quarter mile of a route on which the level of service is at or above the average for the transit system as…
§ 50093.6 “Property improvement loan” means an advance of money, evidenced by a note, to finance rehabilitation and general repairs and improvements to a residence…
§ 50094 (a) Except as otherwise provided in subdivision (b), “qualified mortgage lender” means a mortgage lender certified by the agency, pursuant to rules and…
§ 50095 “Real property” means all lands, including improvements and fixtures thereon, and property of any nature appurtenant thereto or used in connection therewith,…
§ 50096 “Rehabilitation” means repairs and improvements to a substandard residential structure necessary to make it meet rehabilitation standards. As used in this…
§ 50097 “Rehabilitation standards” means applicable state or local building or housing standards adopted pursuant to the State Housing Law, Part 1.5 (commencing with…
§ 50098 “Rents” means the charges paid by the persons and families of low or moderate income for occupancy in a housing development assisted under this division…
§ 50099 “Residential structure”, for the purpose of housing assisted by the department, means a real property improvement used, or intended to be used, for residential…
§ 50099.5 “Residential structure,” for the purpose of the California Housing Finance Agency, means any existing structure of one to four units or any work or undertaking…
§ 50100 “Rules”, “regulations”, or “rules and regulations” mean regulations as defined in Chapter 3.5 (commencing with Section 11340) of Part 1 of Division 3 of Title…
§ 50101 “Rural area” means any open country or any place, town, village, or city which by itself and taken together with any other places, towns, villages, or cities…
§ 50102 “Rural mortgage area” means an area outside any city, metropolitan area or urban county, as such terms are defined by Section 102 of the Housing and Community…
§ 50103.5 “Statistical area” means an area established by action of the policy committee for purposes of determining the maximum acquisition costs for an owner-occupied…
§ 50104 “Subsidy” means any financial assistance specifically provided by a governmental agency for the benefit of persons and families of low or moderate income,…
§ 50104.5 “Systematic enforcement” means the enforcement of rehabilitation standards in accordance with a systematic program of making inspections of dwelling structures…
§ 50104.6 “Targeted area”, for the purposes of Part 6 (commencing with Section 52500), means a census tract as designated by the United States Secretary of Commerce, in…
§ 50104.6.5 “Tribally designated housing entity” means an entity as defined in Section 4103 of Title 25 of the United States Code. For the purposes of determining the…
§ 50104.7 “Urban area” means any portion of a county or the state which is not a rural area.
§ 50105 (a) “Very low income households” means persons and families whose incomes do not exceed the qualifying limits for very low income families as established and…
§ 50106 “Extremely low income households” means persons and families whose incomes do not exceed the qualifying limits for extremely low income families as established…