California Health and Safety Code

§ 50650.3

HSC § 50650.3 Effective Mar 25, 2024Div. 31 · Part 2 · Ch. 6

Statute text

(a)Funds appropriated for purposes of this chapter shall be used to enable low- and very low income households to become or remain homeowners as provided in paragraphs (1) and (2), and to provide disaster relief assistance to households at or below 120 percent of the area median income as provided in paragraph (3). Funds shall be provided by the department to local public agencies or nonprofit corporations as any of the following:

(1)Grants for programs that assist individual households.

(2)Loans that assist development projects involving multiple home ownership units, including single-family subdivisions.

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Legislative history

Amended by Stats. 2024, Ch. 7, Sec. 27. (SB 477) Effective March 25, 2024.