California Health and Safety Code

§ 50260

HSC § 50260 Effective Jan 1, 2023Div. 31 · Part 1 · Ch. 9

Statute text

(a)On or before July 1, 2024, the Department of Housing and Community Development, the California Housing Finance Agency, and the California Tax Credit Allocation Committee shall enter into a memorandum of understanding to streamline the compliance monitoring of affordable multifamily rental housing developments that are subject to a regulatory agreement with more than one of these entities. The memorandum of understanding shall meet all of the following criteria:

(1)Ensure that only one entity conducts physical inspections for a particular project.

(2)Eliminate the submission of duplicate information.

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Legislative history

Added by Stats. 2022, Ch. 646, Sec. 1. (AB 2006) Effective January 1, 2023.