California Health and Safety Code

§ 50065

HSC § 50065Div. 31 · Part 1 · Ch. 2

Statute text

“Development costs” means the aggregate of all costs incurred in connection with a housing development which are approved by the agency as reasonable and necessary, including, but not limited to, the following:

(a)The cost of refinancing or acquiring land and any buildings thereon, including payments for commissions, options, deposits, or contracts to purchase properties on a proposed housing development site or payments for the purchase of such properties.

(b)The cost of site preparation, demolition, and clearing.

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Legislative history

Added by Stats. 1977, Ch. 610.