ARTICLE 4.5. Subordinated Mortgage Loans

Article 4.5 added by Stats. 1982, Ch. 1448, Sec. 1.

§§ 51180–51182 · 3 sections

• § 51180 As used in this article: (a) “Subordinated loan” means a deferred payment mortgage loan, which is a second trust deed used in connection with other financing…
• § 51181 The agency shall accept applications from housing sponsors for subordinated loans for rental housing developments upon which construction commences on or after…
• § 51182 The agency shall determine the manner in which subordinated loans are to be repaid. Potential methods of repayment may include, but not be limited to: (a) An…