California Health and Safety Code

§ 50889

HSC § 50889 Effective Sep 25, 1990Div. 31 · Part 2 · Ch. 15 · Art. 2

Statute text

The community housing development shall include, to the extent feasible, financial and nonfinancial public assistance and private assistance in its development costs as well as its operating costs, as determined by the department. The department shall adopt regulations which encourage the use of other assistance as identified in this section. The categories of assistance shall include, but not be limited to, all of the following:

(a)Direct financial grants from public and private sources including, but not limited to, Community Development Block Grants, Urban Development Assistance Grants, redevelopment agency grants, or foundation grants.

(b)Direct loans for construction, mortgages, or operational costs from state or local issuances of revenue bonds or redevelopment bonds, or other public or private loans which result in below market rate financing.

…

Legislative history

Amended by Stats. 1990, Ch. 1311, Sec. 8. Effective September 25, 1990.