CHAPTER 9. Rental Housing Construction Program [50735. - 50771.3.]

Chapter 9 added by Stats. 1979, Ch. 1043.

§§ 50735–50771.3 · 35 sections

1. ARTICLE 1. Definitions and General Provisions §§ 50735–50744.5 · 13 sections

   • § 50735 The following definitions shall apply to all activities conducted pursuant to this chapter. Except as otherwise provided in this article or unless the context…
   • § 50736 (a) Not less than 30 percent of the units in each rental housing development consisting of 10 or more units which receives any funds pursuant to this chapter…
   • § 50737 The department shall adopt rules and regulations, in accordance with the provisions of Chapter 3.5 (commencing with Section 11340) of Part 1 of Division 3 of…
   • § 50737.5 Funds available for the purposes of this chapter shall be allocated by the department throughout the state in accordance with identified housing needs.
   • § 50738 The department may make payments pursuant to Article 2 (commencing with Section 50745), 3 (commencing with Section 50755), or 4 (commencing with Section 50765)…
   • § 50738.5 (a) The department shall establish and administer an annuity fund and may, notwithstanding any other provision of this chapter, make commitments to provide…
   • § 50739 At the time the department makes a payment pursuant to Article 2 (commencing with Section 50745), 3 (commencing with Section 50755), or 4 (commencing with…
   • § 50740 (a) The Rental Housing Construction Incentive Fund established in the State Treasury is hereby renamed the Rental Housing Construction Fund. Notwithstanding…
   • § 50740.7 If money committed by the department prior to the effective date of the act which enacted this section cannot be used by the local finance entity or housing…
   • § 50741 Only rental housing developments on which construction is commenced on or after six months from the effective date of this chapter shall be eligible for…
   • § 50742 For purposes of acting as a local finance entity pursuant to this chapter, a city, county, or city and county may, pursuant to an enabling ordinance of its…
   • § 50744 Where a local finance entity or local public entity is authorized to receive payments from the annuity fund established pursuant to Section 50748, under a…
   • § 50744.5 The same notice requirements as specified in Section 65863.10 of the Government Code shall apply to rental housing developments that receive financial…
2. ARTICLE 2. Rental Construction Incentive Program §§ 50745–50750 · 8 sections

   • § 50745 (a) Upon application by the agency or a local finance entity, the department may contract with the agency or local finance entity to pay all or a portion of…
   • § 50745.1 (a) Notwithstanding any other provision or requirement of this chapter, and any regulations adopted thereunder, the department may contract with the agency, a…
   • § 50746 Each contract pursuant to Section 50745 shall be recorded or referenced in a recorded document in the office of the county recorder of the county in which the…
   • § 50747 The development cost payments provided by the department pursuant to this article shall not exceed 100 percent of the development costs of a rental housing…
   • § 50748 (a) The department may establish and administer an annuity fund, with respect to rental housing developments assisted under this article or Article 3…
   • § 50748.1 (a) The department shall from time to time direct the Treasurer to invest moneys set aside or otherwise deposited in the annuity fund established by Section…
   • § 50749 Any rental housing development assisted pursuant to this article shall be governed by a regulatory agreement between the sponsor and the agency or local…
   • § 50750 Upon consent of the legislative body of the city or county in which a rental housing development is or will be located, the department may contract with a…
3. ARTICLE 3. Contracts with Local Public Entities §§ 50755–50760 · 6 sections

   • § 50755 The department may contract with local public entities to provide funds to be used by those entities to obtain a right of occupancy or leasehold for eligible…
   • § 50756 Each contract pursuant to Section 50755 shall be recorded or referenced in a recorded document in the office of the county recorder of the county in which the…
   • § 50757 Any rental housing development assisted pursuant to this article shall be governed by a regulatory agreement between the sponsor and the local public entity.…
   • § 50758 With respect to units for which a local public entity has obtained a leasehold or right of occupancy, the local public entity may manage the units or may…
   • § 50759 With respect to assisted units developed pursuant to this article, the local public entity shall do all of the following: (a) Ensure the provision of…
   • § 50760 With respect to units developed pursuant to this article, the local public entity may, and at the direction of the department shall, do any of the following:…
4. ARTICLE 4. Contracts for Development and Construction by Local Housing Authorities §§ 50765–50768 · 4 sections

   • § 50765 The department may contract with local housing authorities and provide funds which shall be used by such authorities to develop and construct rental housing…
   • § 50766 Each contract pursuant to Section 50765 shall contain at least the following provisions: (a) The timing, amount, and terms of payments to be provided under…
   • § 50767 With respect to assisted units developed and constructed pursuant to this article, the local housing authority shall, with the approval of the department: (a)…
   • § 50768 The department shall monitor the operation at the rental housing development constructed pursuant to this article, to ensure compliance with grant conditions,…
5. ARTICLE 5. Reserve Account § 50770 · 1 section

   • § 50770 Four percent of the funds appropriated for the purposes of this chapter shall be set aside in a Management Reserve Account in the Rental Housing Construction…
6. ARTICLE 6. Program Requirements §§ 50771.1–50771.3 · 3 sections

   • § 50771.1 For the purpose of providing deferred payment loans pursuant to this chapter for the development costs of rental housing developments utilizing moneys…
   • § 50771.2 (a) As an alternative to the loan provisions of paragraph (2) of subdivision (b) of Section 50771.1 and the regulatory agreement provisions of subdivision (d)…
   • § 50771.3 The department may adopt, amend, or repeal emergency regulations to implement this chapter with respect to loans made with funds allocated pursuant to Section…