CHAPTER 4. General Powers [51050. - 51070.]
Chapter 4 added by Stats. 1977, Ch. 610.
§§ 51050–51070 · 23 sections
- § 51050 The agency shall have all of the following powers: (a) To sue and be sued in its own name. (b) To have an official seal and to alter the same at pleasure. (c)…
- § 51050.1 The agency may make loans to finance affordable housing, including residential structures, housing developments, multifamily rental housing, special needs…
- § 51051 The agency shall be a state representative for purposes of receiving and allocating financial aid and contributions from agencies of the federal government…
- § 51053 The agency may make and execute contracts with qualified mortgage lenders for the initiation or servicing of mortgage loans, construction loans, property…
- § 51054 The agency may make or undertake commitments to make development loans, construction loans, mortgage loans, and property improvement loans to housing sponsors…
- § 51055 The agency may purchase and sell construction loans, mortgage loans, property improvement loans, obligations secured by these loans, insurance on these loans,…
- § 51056 Construction loans, mortgage loans, and property improvement loans made, purchased, assigned or serving as security for obligations or participations pursuant…
- § 51058 (a) The agency may renegotiate, refinance, foreclose, or contract for the foreclosure of, any mortgage in default and may waive any default or consent to the…
- § 51058.5 Notwithstanding any other provision of law, the agency is not required to promulgate rules and regulations in order to establish or operate a mortgage…
- § 51059 The agency may procure insurance or coinsurance or guarantees from the federal government or from any governmental agency or instrumentality thereof, or from…
- § 51060 The agency may, for services performed, charge and collect from housing sponsors and qualified mortgage lenders such fees and charges for the purpose of…
- § 51061 The agency may sell or convey real property owned by the agency to persons and families of low or moderate income, nonprofit housing sponsors, and local public…
- § 51062 The agency shall establish criteria for housing sponsors and qualified mortgage lenders, which shall be designed to assure the financial integrity of programs…
- § 51063 Relocation payments shall be made to persons and families of low or moderate income who are residents displaced because of temporary or permanent displacement…
- § 51064 The agency shall establish maximum sale prices for the initial sale of residential structures, the acquisition, construction, or rehabilitation of which is…
- § 51065 The agency may make grants to nonprofit housing sponsors and local public entities to meet expenses incurred in planning, constructing, rehabilitating, or…
- § 51065.1 The agency may make grants to buyers of residential structures combined with first mortgage loans financed by the agency to be used in conjunction with the FHA…
- § 51065.5 The agency may make unsecured loans or loans secured by assets other than real property to local public entities. The loans may be funded by the proceeds of…
- § 51066 For housing developments financed by a mortgage loan from the agency, the agency shall establish a grievance procedure or require housing sponsors to establish…
- § 51067 The agency shall adopt standards for the admission of tenants, termination of tenancies, and eligibility of purchasers of housing financed under this part as…
- § 51068 (a) Except as otherwise provided in subdivision (b) and notwithstanding the provisions of Sections 711, 711.5, and 1916.5 of the Civil Code, the agency shall…
- § 51069 The agency, after approving an application for mutual self-help housing, may make development loans and construction loans for land acquisition and development…
- § 51070 The agency shall require that qualified mortgage lenders do not substitute funds made available under this part for the lenders’ own resources, without…