Health & Saf. Code, § 50606 · Chapter 5.5. Affordable Housing Preservation
Health & Saf. Code, § 50606
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) It is the intent of the Legislature in enacting this chapter to provide the department the flexibility necessary to maintain the supply and quality of the affordable rental housing units for which there has already been a significant public investment.
(b) The Legislature finds and declares all of the following:
(1) Potential conversion of affordable housing to market rate housing is an ongoing and critical statewide problem.
(2) Additionally, loans made by the department that are reaching the end of their affordability periods are also at risk of converting to market rate rents.
(3) Lack of access to financial resources to rehabilitate and extend the affordability periods of housing projects increases the risk of conversion to market rate rents.
(4) As affordable housing converts to market rate rents, displaced tenants may be unable to obtain replacement affordable housing, which could exacerbate the state’s homelessness crisis.
Notes and commentary — not statutory text
History
Added by Stats. 2021, Ch. 111, Sec. 16. (AB 140) Effective July 19, 2021.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=HSC§ionNum=50606.
- Text hash
- sha256 858fb224899b32f0b94f1ea6361d3c562c3c9abc73b7a91a9b80339650279309
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.