§ 15.28

The city adopts a home mortgage finance program (the "program") pursuant to Chapters 1—5 of Part 5 of Division 31 of the Health and Safety Code of the state (the "Act") and declares its intention that the Northern California finance authority (the "authority") issue revenue bonds pursuant to the act to provide funds for the purpose of financing the acquisition, construction and rehabilitation of homes in accordance with the program and the home mortgage finance programs of the other parties to the authority.

(Ord. 1861 N.S. § 7 (part), 2007: Ord. 591 N.S. § 1, 1982; Ord. No. 2095 N.S., § 2, 11-20-2013)

The city finds and declares that the program will serve the public purposes of providing financing for decent, safe and sanitary housing that people in the lower end of the purchasing spectrum can afford and of increasing the housing supply.

(Ord. 1861 N.S. § 7 (part), 2007: Ord. 591 N.S. § 2, 1982; Ord. No. 2095 N.S., § 2, 11-20-2013)

The provisions of this chapter, being necessary for the welfare of the city and its inhabitants, shall be liberally construed to effect its purposes.

(Ord. 1861 N.S. § 7 (part), 2007: Ord. 591 N.S. § 4, 1982; Ord. No. 2095 N.S., § 2, 11-20-2013)

The proper officers of the city are authorized and directed to perform any acts and enter into and execute any agreements or other documents that they deem necessary or appropriate to implement this program.

(Ord. 1861 N.S. § 7 (part), 2007: Ord. 591 N.S. § 3, 1982; Ord. No. 2095 N.S., § 2, 11-20-2013)

Chapter 15.30 - REPLACEMENT HOUSING