DIVISION 31. HOUSING AND HOME FINANCE 50000-54949›PART 2. DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT 50400-50899.7›CHAPTER 14.5. Building Equity and Growth in Neighborhoods Program 50860-50866
§ 50862.5
California Health and Safety Code · 2026-09 edition · updated 2026-10-03 · California
Downpayment assistance provided pursuant to this chapter shall be in the form of a second mortgage loan. The maximum amount of the loan shall be set in the current Notice of Funding Availability (NOFA), but in no case shall the loan exceed 20 percent of the sale price of the residence. The loan shall accrue simple interest.
(Amended by Stats. 2007, Ch. 596, Sec. 17.5. Effective January 1, 2008.)
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