California Law (Last Updated: March 4, 2014) |
Health and Safety Code - HSC |
Division 31. HOUSING AND HOME FINANCE |
Part 3. CALIFORNIA HOUSING FINANCE AGENCY |
Chapter 5. Financing of Housing Developments and Residential Structures |
ARTICLE 5.7. Elderly Congregate Housing |
Section 51215.
Latest version.
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The agency shall make loans to finance the construction or rehabilitation of congregate housing for the elderly in an aggregate amount of fifty million dollars ($50,000,000). The loans shall be made from the proceeds of bonds authorized pursuant to subdivision (h) of Section 51350.
(Added by Stats. 1986, Ch. 1249, Sec. 3.)