§ 50836.5. — 50836.5. (Added by Stats. 1992, Ch. 607, Sec. 1.)

California § 50836.5.

• Jurisdiction: California
• Code HSC: Health and Safety Code - HSC
• Div. 31.: DIVISION 31. HOUSING AND HOME FINANCE
• Part 2.: PART 2. DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT
• Ch. 12.5.: CHAPTER 12.5. California Home and Homeownership and Opportunity for People Everywhere (Hope for California Program)

Text

(a)
It is the intent of the Legislature in enacting this section to assist the State of California in maximizing its participation in the HOME and HOPE programs.
(b)
Notwithstanding Section 33334.2, 33334.3, or any other provision of law:
(1)
To the extent there is a conflict between the requirements of subdivision (b) of Section 33334.3 relating to the repayment of moneys loaned from the Low and Moderate
Income Housing Fund and the regulations of the HOME and HOPE programs, the federal requirements shall prevail. This paragraph shall not apply to any other moneys received or administered by a redevelopment agency.
(2) A
redevelopment agency may not include moneys received pursuant to the HOME or HOPE programs in making a finding pursuant to paragraph (3) of subdivision (a) of Section 33334.2.

Legislative History

Added by Stats. 1992, Ch. 607, Sec. 1. Effective January 1, 1993.