California § 50747. 50747. (Added by Stats. 1979, Ch. 1043.)

California Statutes

§ 50747. — 50747. (Added by Stats. 1979, Ch. 1043.)

California § 50747.

JurisdictionCalifornia

Code HSCHealth and Safety Code - HSC

Div. 31.DIVISION 31. HOUSING AND HOME FINANCE

Part 2.PART 2. DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT

Ch. 9.CHAPTER 9. Rental Housing Construction Program

Art. 2.ARTICLE 2. Rental Construction Incentive Program

This text of California § 50747. (50747. (Added by Stats. 1979, Ch. 1043.)) 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 § 50747. (2026).

Text

The development cost payments provided by the department pursuant to this article shall not exceed 100 percent of the development costs of a rental housing development, and shall not exceed the amount required, when considered with any subsidy or assistance provided by the agency, local finance entity or housing sponsor, including below-market interest financing, to ensure the economic feasibility of restricting occupancy of the rental housing development in accordance with Sections 50736 and 50739. The department may defray all or a portion of development costs as they are incurred, or in accordance with a schedule developed pursuant to subdivision (j) of Section
					 50746.

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The development cost payments provided by the department pursuant to this article shall not exceed 100 percent of the development costs of a rental housing development, and shall not exceed the amount required, when considered with any subsidy or assistance provided by the agency, local finance entity or housing sponsor, including below-market interest financing, to ensure the economic feasibility of restricting occupancy of the rental housing development in accordance with Sections 50736 and 50739. The department may defray all or a portion of development costs as they are incurred, or in accordance with a schedule developed pursuant to subdivision (j) of Section
50746.

Legislative History

Added by Stats. 1979, Ch. 1043.

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California § 50747., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/HSC/50747..