California Law (Last Updated: March 4, 2014) |
Health and Safety Code - HSC |
Division 31. HOUSING AND HOME FINANCE |
Part 1. STATE HOUSING POLICY AND GENERAL PROVISIONS |
Chapter 2. Definitions |
Section 50084.
Latest version.
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"Mortgage deficient area" means an area where private lenders have failed to provide sufficient mortgage credit for financing or refinancing of new, existing, or rehabilitated housing developments, and such practices have caused or threaten to cause a decline in the condition or quality of the housing stock in the area.
(Added by Stats. 1977, Ch. 610.)