CHAPTER 2. Purposes and General Provisions
Chapter 2 added by Stats. 1977, Ch. 610.
§§ 50950–50962 · 14 sections
- § 50950 The primary purpose of the agency shall be to meet the housing needs of persons and families of low or moderate income.
- § 50951 In meeting the housing needs of persons and families of low or moderate income, not less than 30 percent of the units financed by mortgage loans or property…
- § 50952 The agency shall also seek to attain all of the following objectives: (a) Acquisition of the maximum amount of funds available for subsidies for the benefit of…
- § 50952.5 (a) It is the intent of the Legislature, and it shall be a goal of the agency, that not less than one-half of the dollar amount of financing for single-family…
- § 50953 No provision of this division shall be construed as a restriction or limitation upon any powers which the agency or any local public entity might otherwise…
- § 50954 The exercise of the powers specified in this division will be in all respects for the benefit of the people of the state, for their well-being and prosperity,…
- § 50955 (a) The agency and every housing sponsor shall require that occupancy of housing developments assisted under this part shall be open to all regardless of any…
- § 50956 It shall be the policy of the agency to coordinate its activities with the department. It shall be the policy of the agency to conduct its operations so as to…
- § 50957 No development or construction loan shall be made pursuant to this part if the agency determines that the making of such a loan would result in the permanent…
- § 50958 Mortgage loans made pursuant to this part to housing sponsors, other than local public entities and nonprofit housing sponsors of rental and cooperative…
- § 50959 This division is intended to benefit purchasers and residents of housing developments who are persons and families of low or moderate income and shall be…
- § 50960 A loan document for a loan that is not secured by real property and is made to a person, not including a firm, association, partnership, organization,…
- § 50961 It shall be the policy of the agency to encourage housing location in public transit corridors so that residents may have convenient access to public…
- § 50962 The same notice requirements as specified in Section 65863.10 of the Government Code shall apply to rental housing developments that receive financial…