ARTICLE 2. Rental Construction Incentive Program

Article 2 added by Stats. 1979, Ch. 1043.

§§ 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…