California Health and Safety Code

§ 50052.5

HSC § 50052.5 Effective Jan 1, 2018Div. 31 · Part 1 · Ch. 2

Statute text

(a)For any owner-occupied housing that receives assistance prior to January 1, 1991, and a condition of that assistance is compliance with this section, “affordable housing cost” with respect to lower income households may not exceed 25 percent of gross income.

(b)For any owner-occupied housing that receives assistance on or after January 1, 1991, and a condition of that assistance is compliance with this section, “affordable housing cost” may not exceed the following:

(1)For extremely low income households the product of 30 percent times 30 percent of the area median income adjusted for family size appropriate for the unit.

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Legislative history

Amended by Stats. 2017, Ch. 418, Sec. 7. (AB 1714) Effective January 1, 2018.