CHAPTER 10. Multifamily Housing

Chapter 10 added by Stats. 1990, Ch. 577, Sec. 1.

§§ 51475–51484 · 10 sections

• § 51475 (a) The Legislature finds and declares: (1) Significant amounts of housing built to serve lower income households and families is disappearing from the housing…
• § 51476 The agency shall administer a program for the preservation of multifamily housing under authority of this chapter with funds made available by the California…
• § 51477 There is hereby created in the State Treasury an Affordable Housing Preservation and Rehabilitation Fund. “Fund” as used in this chapter means the Affordable…
• § 51478 All of the powers granted under this chapter are cumulative with powers of the agency under other provisions of this part, and this chapter constitutes an…
• § 51479 In administering a program for the preservation of multifamily housing hereunder, the agency may segregate funds available for these purposes into separate…
• § 51480 (a) (1) Mortgage lending authorized by this chapter shall be for multifamily rental housing developments at risk of conversion. For the purposes of this…
• § 51481 Mortgages made by the agency under authority of this chapter shall be secured by a first deed of trust, or by a deed of trust junior to a first deed of trust…
• § 51482 The agency shall adopt policies by resolution of the board for the admission of tenants, termination of tenancies, and eligibility of developers of housing…
• § 51483 The agency shall consult with an outside advisory committee to assist in the implementation of this chapter. The advisory committee shall be comprised of…
• § 51484 The agency shall have all powers granted under authority of this part to make commitments and execute agreements with developers, other lenders, and any public…