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 6. Priorities |
Section 51231.
Latest version.
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The agency shall assist housing sponsors in obtaining subsidies. In selecting housing to be given assistance under this division, the agency shall give priority to those which are able to obtain subsidies but cannot obtain alternative financing in order to utilize such subsidies. The agency shall make every effort to obtain subsidy funds and nothing in this division shall preclude the agency from meeting the eligibility requirements for obtaining federal housing subsidy allocations.
(Added by Stats. 1977, Ch. 610.)