ARTICLE 6. Priorities

Article 6 added by Stats. 1977, Ch. 610.

§§ 51225–51232 · 9 sections

• § 51225 In selecting proposals for financing, the agency shall balance its activity between urban metropolitan, nonmetropolitan, and rural metropolitan areas of the…
• § 51226 (a) Subject to the availability of adequate subsidies, not less than 30 percent of the combined total units financed by mortgage loans and property improvement…
• § 51226.5 (a) Notwithstanding the provisions of Section 51226, in each housing development financed by the agency and insured under a federal multifamily insurance…
• § 51227 At the close of each fiscal year the agency shall ascertain that not less than 25 percent of the total units financed by mortgage loans during the preceding 12…
• § 51227.7 It shall be a goal of the agency that not less than 80 percent of the dollar amount of financing from proceeds of bonds issued after December 31, 1979, be used…
• § 51228 At the time a mortgage loan commitment is made to finance any rental or cooperative housing development, a written agreement between the agency and housing…
• § 51230 Not less than 30 percent nor more than 40 percent of the units financed by the agency during each fiscal year for very low-income households shall be designed…
• § 51231 The agency shall assist housing sponsors in obtaining subsidies. In selecting housing to be given assistance under this division, the agency shall give…
• § 51232 To implement the purposes of this division, the agency shall develop or require housing sponsors to develop, pursuant to regulations of the agency, resident…