California Law (Last Updated: March 4, 2014) |
Health and Safety Code - HSC |
Division 31. HOUSING AND HOME FINANCE |
Part 5. LOCAL HOUSING FINANCE AGENCIES |
Chapter 1. Legislative Findings and Declarations |
Section 52002.
Latest version.
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The Legislature finds and declares that it is necessary and essential that counties and cities be authorized to directly or indirectly make long-term, low-interest loans to persons not presently eligible for financing through private sector lending institutions to finance construction, rehabilitation, and acquisition of homes in order to encourage investment and upgrade local areas.
(Added by Stats. 1979, Ch. 1069.)