California Health and Safety Code

§ 33760

HSC § 33760 Effective Jan 1, 2018Div. 24 · Part 1 · Ch. 8 · Art. 2

Statute text

(a)Within its territorial jurisdiction, an agency may determine the location and character of any residential construction to be financed under this chapter and may make mortgage or construction loans to participating parties through qualified mortgage lenders, or purchase mortgage or construction loans without premium made by qualified mortgage lenders to participating parties, or make loans to qualified mortgage lenders, for financing any of the following:

(1)Residential construction within a redevelopment project area.

(2)Residential construction of residences in which the dwelling units are committed, for the period during which the loan is outstanding, for occupancy by persons or families who are eligible for financial assistance specifically provided by a governmental agency for the benefit of occupants of the residence.

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Legislative history

Amended by Stats. 2017, Ch. 418, Sec. 5. (AB 1714) Effective January 1, 2018.