§ 66340. — 66340. (Added by Stats. 2024, Ch. 7, Sec. 20.)

California § 66340.

• Jurisdiction: California
• Code GOV: Government Code - GOV
• Div.: 1.
• Title 7.: DIVISION 1. PLANNING AND ZONING
• Ch. 13.: CHAPTER 13. Accessory Dwelling Units
• Art. 4.: ARTICLE 4. Accessory Dwelling Unit Sales

Text

For purposes of this article:
(a)
“Qualified buyer” means persons and families of low or moderate income, as that term is defined in Section 50093 of the Health and Safety Code.
(b)
“Qualified nonprofit corporation” means a nonprofit corporation organized pursuant to Section 501(c)(3) of the Internal Revenue Code that has received a welfare exemption under Section 214.15 of the Revenue and Taxation Code for properties intended to be sold to low-income families who participate in a special no-interest loan program.

Legislative History

Added by Stats. 2024, Ch. 7, Sec. 20. (SB 477) Effective March 25, 2024.