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 6.7. Multifamily Rental Housing |
ARTICLE 2. Financing |
Section 51331.
Latest version.
-
Subject only to the limitations prescribed in this chapter, the agency, in addition to any other power conferred by this part with respect to multifamily rental housing and housing developments, may make or undertake commitments to make loans to housing sponsors to finance the acquisition, construction, rehabilitation, refinancing, or development of multifamily rental housing. For this purpose, the agency shall enter into regulatory contracts and other agreements with housing sponsors receiving loans pursuant to this chapter to ensure compliance with this chapter.
(Amended by Stats. 2000, Ch. 553, Sec. 5. Effective January 1, 2001.)