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Title 5 — HOUSING

Part 4 — JOINT AUTHORITY OF DIRECTOR OF HOUSING AND DIRECTOR OF FINANCE

San Jose Municipal Code · 2026-09 edition · updated 2026-09-29 · San Jose

5.06.420 - Issuance of inducement declarations.

The director of housing and the director of finance are jointly authorized to issue inducement declarations to express the city's intent to issue tax-exempt revenue bonds to finance the construction of affordable housing projects. Such inducement declarations shall comply with the IRS Code.

(Ord. 26657.)

Exceptions & meaning →

5.06.425 - CDLAC applications.

A.

The director of housing and director of finance are jointly authorized to file applications with CDLAC to obtain the authorization to issue tax-exempt, private-activity bonds.

B.

The director of housing and director of finance are jointly authorized to obtain and place into escrow the CDLAC application fees and associated city processing deposits and fees from development entities.

(Ord. 26657.)

Exceptions & meaning →

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San Jose Municipal Code

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