Earlier editions: 2020-112018-112026-09
DIVISION 31. HOUSING AND HOME FINANCE 50000-54949›PART 3. CALIFORNIA HOUSING FINANCE AGENCY 50900-51532›CHAPTER 5. Financing of Housing Developments and Residential Structures 51100-51252›ARTICLE 4.5. Subordinated Mortgage Loans 51180-51182
§ 51181
California Health and Safety Code · 2026-10 edition · updated 2026-10-04 · California
The agency shall accept applications from housing sponsors for subordinated loans for rental housing developments upon which construction commences on or after January 1, 1983. Not less than 20 percent of the units in the rental housing development shall be made available on a priority basis to lower income households, as defined in Section 50079.5.
(Added by Stats. 1982, Ch. 1448, Sec. 1.)
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