California Health and Safety Code

§ 50604

HSC § 50604 Effective Jan 1, 2003Div. 31 · Part 2 · Ch. 5

Statute text

(a)There is hereby created the Interim Repositioning Program, the purpose of which is to leverage private capital to increase the funding available to preserve at-risk housing.

(b)The department shall administer this program and establish the terms upon which loans may be made consistent with this section.

(c)The department shall select a single sponsor through a competitive process. The sponsor shall meet all of the following criteria:

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Legislative history

Added by Stats. 2002, Ch. 721, Sec. 1. Effective January 1, 2003.