CHAPTER 6.5. Deferred-Payment Rehabilitation Loans [50660. - 50671.6.]
Chapter 6.5 added by Stats. 1978, Ch. 884.
§§ 50660–50671.6 · 23 sections
- § 50660 The Legislature finds and declares that the rehabilitation of existing housing is necessary to the continued viability of neighborhoods, the elimination of…
- § 50660.5 (a) It is the intent of the Legislature to encourage local governments to assist residents to repair and rebuild housing in a cost-efficient and expeditious…
- § 50661 (a) There is hereby created in the State Treasury the Housing Rehabilitation Loan Fund. All interest or other increments resulting from the investment of…
- § 50661.5 (a) There is hereby created in the State Treasury the California Disaster Housing Repair Fund, into which shall be paid all moneys appropriated by the…
- § 50661.7 The Director of the Department of Housing and Community Development may transfer moneys appropriated or otherwise made available for the purposes of the…
- § 50662 The department shall adopt regulations establishing terms upon which deferred-payment rehabilitation loans may be made. The amount of a deferred-payment…
- § 50662.2 Deferred-payment loans may be made to finance actual costs incurred to meet rehabilitation standards for rehabilitation of mobilehome parks, as defined in…
- § 50662.5 For the purpose of providing disaster relief to those owners of owner-occupied single-family dwellings that were damaged or destroyed as a result of the Los…
- § 50662.7 For the purpose of providing disaster relief to those owners of owner-occupied dwellings that were damaged or destroyed as a result of a natural disaster…
- § 50662.8 (a) Notwithstanding paragraph (1) of subdivision (d) of Section 50662.7, the department may allow the assumption of any loan made pursuant to subdivision (b)…
- § 50663 The department may contract with a local public entity or nonprofit corporation to provide any portion of uncommitted funds in the Housing Rehabilitation Loan…
- § 50664 Deferred-payment loans may be made to local agencies for repair of substandard dwellings through a master agreement and fund commitment. Such agreements shall…
- § 50665 In residential rehabilitation areas designated pursuant to Section 37921, or in conjunction with financing of residential rehabilitation outside such areas as…
- § 50666 In concentrated rehabilitation areas designated pursuant to Section 51302, a person or family of low or moderate income who is the owner of an owner-occupied…
- § 50667 In those counties and cities in which the California Housing Finance Agency has allocated funds for mortgage loans for rehabilitation of housing developments…
- § 50667.5 In areas in which a local public entity or nonprofit corporation is undertaking a rehabilitation or code enforcement program for which federal funds are being…
- § 50668 (a) Except as provided in subdivision (b) or in Section 50664, deferred-payment loans may be made only through agreements between the local public entity which…
- § 50668.5 For the purpose of providing financial assistance pursuant to this chapter utilizing bond proceeds transferred to the Housing Rehabilitation Loan Fund pursuant…
- § 50669 As used in Section 50670: (a) “Deferred-payment loan” means a loan for acquisition and rehabilitation of a rental housing development that (1) has a term of…
- § 50670 (a) The department shall establish a Special User Housing Rehabilitation Program under which it may make deferred-payment loans to sponsors for the…
- § 50671 For the purpose of providing disaster relief to owners of rental housing and the tenants residing in rental housing that was damaged or destroyed as a result…
- § 50671.5 For the purpose of providing disaster relief to owners of rental housing and the tenants residing in rental housing that was damaged or destroyed as a result…
- § 50671.6 For the purpose of preserving or expanding the supply of rental housing affordable to low- and very low-income tenants in cities or counties affected by a…