California § 33492.88. 33492.88. (Added by Stats. 1994, Ch. 1170, Sec. 2.)

California Statutes

§ 33492.88. — 33492.88. (Added by Stats. 1994, Ch. 1170, Sec. 2.)

California § 33492.88.

JurisdictionCalifornia

Code HSCHealth and Safety Code - HSC

Div. 24.DIVISION 24. COMMUNITY DEVELOPMENT AND HOUSING

Part 1.PART 1. COMMUNITY REDEVELOPMENT LAW

Ch. 4.5.CHAPTER 4.5. Military Base Conversion Redevelopment Agencies

Art. 5.ARTICLE 5. March Joint Powers Redevelopment Agency

This text of California § 33492.88. (33492.88. (Added by Stats. 1994, Ch. 1170, Sec. 2.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Health and Safety Code - HSC Code § 33492.88. (2026).

Text

Notwithstanding any other provision of law, as part of an agreement that provides for the development, rehabilitation, or improvement of buildings, structures, or facilities within the project area, the redevelopment agency may use any available funds, including moneys received pursuant to Section 33670, to provide credit enhancements, including, but not limited to, the ability to buy down interest rates, that are necessary for the project. Prior to entering into an agreement for a development that would be assisted pursuant to this section, the agency shall
				  find, after a public hearing, that the assistance is necessary for the economic feasibility of the development and that the assistance cannot be obtained on economically feasible terms in the private sector.

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Notwithstanding any other provision of law, as part of an agreement that provides for the development, rehabilitation, or improvement of buildings, structures, or facilities within the project area, the redevelopment agency may use any available funds, including moneys received pursuant to Section 33670, to provide credit enhancements, including, but not limited to, the ability to buy down interest rates, that are necessary for the project. Prior to entering into an agreement for a development that would be assisted pursuant to this section, the agency shall
find, after a public hearing, that the assistance is necessary for the economic feasibility of the development and that the assistance cannot be obtained on economically feasible terms in the private sector.