DIVISION 1. PROPERTY TAXATION 50-5911›PART 2. ASSESSMENT 201-1367›CHAPTER 3. Assessment Generally 401-681›ARTICLE 1. General Requirements 401-409

§ 402.2

California Revenue and Taxation Code · 2018-11 edition · updated 2026-10-04 · California

Contracts with government agencies restricting the use of property for owner-occupied housing available at affordable cost shall be recorded. Nothing in this section shall be construed to prevent the assessor from considering a contract that restricts the use of the property to owner-occupied housing available at affordable housing cost, including under any locally adopted inclusionary housing program, for purposes of applying Section 402.1 or subdivision (a) of Section 110.

(Added by Stats. 2016, Ch. 300, Sec. 1. (AB 2450) Effective January 1, 2017.)

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California Revenue and Taxation Code

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