California Health and Safety Code

§ 50675.1

HSC § 50675.1 Effective Jan 1, 2023Div. 31 · Part 2 · Ch. 6.7

Statute text

(a)This chapter shall be known and may be cited as the Multifamily Housing Program.

(b)Assistance provided to a project pursuant to this chapter, excluding assistance provided pursuant to Section 50675.1.1 or 50675.1.3, shall be provided in the form of a deferred payment loan to pay for the eligible costs of development as hereafter described, or as otherwise specified in subdivision (b) of Section 50675.15.

(c)Except as provided in paragraph (3), on and after January 1, 2008, of the total assistance provided under this chapter, the percentage that is awarded for units restricted to senior citizens, as defined in paragraph (1) of subdivision (b) of Section 51.3 of the Civil Code, shall be proportional to the percentage of lower income renter households in the state that are lower income elderly renter households, as reported by the United States Department of Housing and Urban Development on the basis of the most recent American Community Survey or successor survey conducted by the United States Census Bureau.

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Legislative history

Amended by Stats. 2022, Ch. 655, Sec. 3. (AB 2483) Effective January 1, 2023.