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DIVISION 31. HOUSING AND HOME FINANCE 50000-54034›PART 3. CALIFORNIA HOUSING FINANCE AGENCY 50900-51511›CHAPTER 2. Purposes and General Provisions 50950-50962

§ 50958

California Health and Safety Code · 2020-11 edition · updated 2026-10-04 · California

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.

(Amended by Stats. 1981, Ch. 1031.)

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