California Health and Safety Code

§ 50958

HSC § 50958Div. 31 · Part 3 · Ch. 2

Statute text

Mortgage loans made pursuant to this part to housing sponsors, other than local public entities and nonprofit housing sponsors of rental and cooperative housing developments, shall not exceed 95 percent of the development costs of the housing development for which the loan is made. Loans made pursuant to this part to local public entities and nonprofit housing sponsors shall in no event exceed 100 percent of development costs.

Legislative history

Amended by Stats. 1981, Ch. 1031.