Health & Saf. Code, § 51306 · Chapter 6. Neighborhood Preservation
Health & Saf. Code, § 51306
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
Financing assistance for housing developments in concentrated rehabilitation areas may include any or all of the following types of loans:
(a) Development loans to prepare for rehabilitation.
(b) Mortgage loans for purchase of housing developments.
(c) Construction loans for rehabilitation, or for rehabilitation with acquisition or refinancing.
(d) Mortgage loans for rehabilitation, or for rehabilitation with acquisition or refinancing, where the cost of acquisition and rehabilitation or the cost of rehabilitation without refinancing exceeds the financial capability of the owner, or would result in rents which are not competitive for the area, as determined by the agency. For owner-occupied housing developments, the terms and interest rates of such mortgage loans shall be commensurate with ability to pay, as established by regulations of the agency.
Notes and commentary — not statutory text
History
Amended by Stats. 1979, Ch. 1207.
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=51306.
- Text hash
- sha256 99734b3a7e124129867d4e8c115726f61522a3fdca6203e7151d0c6d8616fa1f
- 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
Cited by 1 provision
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Health and Safety Code
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.