California Health and Safety Code

§ 50675.5

HSC § 50675.5 Effective Jan 1, 2024Div. 31 · Part 2 · Ch. 6.7

Statute text

(a)Eligible costs shall include the cost of developing dwelling units, transitional housing, and childcare, and after school care and social service facilities integrally linked to the assisted dwelling units.

(b)Eligible cost categories shall include all of the following:

(1)Real property acquisition, including refinancing of existing debt to the extent necessary to reduce debt service to a level consistent with the provision of affordable rents and the fiscal integrity of the project.

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Legislative history

Amended by Stats. 2023, Ch. 780, Sec. 2. (SB 482) Effective January 1, 2024.