California Health and Safety Code

§ 34312.3

HSC § 34312.3 Effective Jan 1, 2018Div. 24 · Part 2 · Ch. 1 · Art. 4

Statute text

(a)Subject to the requirements of this section and of Article 5 (commencing with Section 34350), an authority may do any of the following:

(1)Issue revenue bonds for the purpose of financing the acquisition, construction, rehabilitation, refinancing, or development of multifamily rental housing and for the provision of capital improvements in connection with and determined necessary to the multifamily rental housing.

(2)Make or undertake commitments to make construction loans and mortgage loans to finance the acquisition, construction, rehabilitation, refinancing, or development of multifamily rental housing.

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Legislative history

Amended by Stats. 2017, Ch. 418, Sec. 6. (AB 1714) Effective January 1, 2018.