California Statutes

§ 714.7. — 714.7. (Added by Stats. 2023, Ch. 738, Sec. 1.)

California·Code CIV Civil Code - CIV·Div. 2. DIVISION 2. PROPERTY·Title 2.·Part 1. TITLE 2. OWNERSHIP·Ch. 2. CHAPTER 2. Modifications of Ownership·Art. 2. ARTICLE 2. Conditions of Ownership
(a)Notwithstanding any other provision of law, a developer shall not sell a unit constructed pursuant to a local inclusionary zoning ordinance that is intended for owner-occupancy by persons or families of extremely low, very low, low, or moderate income to a purchaser that is not a person or family of extremely low, very low, low, or moderate income, except that if such a unit has not been purchased by an income-qualifying person or family within 180 days of the issuance of the certificate of occupancy a developer may sell the unit to a qualified nonprofit housing corporation that will ensure owner occupancy pursuant to the income limitation recorded on the deed or other instrument defining the terms of conveyance eligibility.
(b)Every unit sold in a manner inconsistent with subdi

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California § 714.7. (714.7. (Added by Stats. 2023, Ch. 738, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Added by Stats. 2023, Ch. 738, Sec. 1. (AB 323) Effective January 1, 2024.

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