JurisdictionCaliforniaCode HSCHealth and Safety Code - HSC
Div. 31.DIVISION 31. HOUSING AND HOME FINANCE
Part 3.PART 3. CALIFORNIA HOUSING FINANCE AGENCY
Ch. 2.CHAPTER 2. Purposes and General Provisions
This text of California § 50952. (50952. (Amended by Stats. 2024, Ch. 7, Sec. 29.)) 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.
The agency shall also seek to attain all of the following objectives:
(a)Acquisition of the maximum amount of funds available for subsidies for the benefit of persons and families of low or moderate income occupying units financed pursuant to this part.
(b)Housing developments providing a socially harmonious environment by meeting the housing needs of both very low income households and other persons and families of low or moderate income and by avoidance of concentration of very low income households that may lead to deterioration of a development.
(c)Emphasis on housing developments of superior design, appropriate scale and amenities, and on sites
convenient to areas of employment, shopping, and public facilities.
(d)Increasing the range of housing choice for minorities in lowe
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The agency shall also seek to attain all of the following objectives:
(a)
Acquisition of the maximum amount of funds available for subsidies for the benefit of persons and families of low or moderate income occupying units financed pursuant to this part.
(b)
Housing developments providing a socially harmonious environment by meeting the housing needs of both very low income households and other persons and families of low or moderate income and by avoidance of concentration of very low income households that may lead to deterioration of a development.
(c)
Emphasis on housing developments of superior design, appropriate scale and amenities, and on sites
convenient to areas of employment, shopping, and public facilities.
(d)
Increasing the range of housing choice for minorities in lower income households and other lower income households, rather than maintaining or increasing the impaction of low-income areas, and cooperation in implementation of local and areawide housing allocation plans adopted by cities, counties, and joint powers entities made up of counties and cities.
(e)
Reducing the cost of mortgage financing for rental and cooperative housing to provide lower rent for persons and families of low or moderate income.
(f)
Reducing the cost of mortgage financing for home purchase, in order to make homeownership feasible for persons and families of low or moderate income.
(g)
Identification of
areas of low vacancy rates where construction is needed, of areas of substandard housing where rehabilitation is needed, and of areas of credit shortage where financing is needed for transfer of existing housing, so as to maximize the impact of financing activities on employment, reduction of housing costs, and maintenance of local economic activity.
(h)
A balance between urban metropolitan, nonmetropolitan, and rural metropolitan housing developments, and between family housing and housing for the elderly and handicapped, in general proportion to the needs identified in the California statewide housing plan.
(i)
Minimization of fees and profit allowances of housing sponsors so far as consistent with acceptable performance, in order to maximize the benefit to persons and families of low or moderate income occupying units financed by the agency.
(j)
Full utilization of federal subsidy assistance for the benefit of persons and families of low or moderate income.
(k)
Full cooperation and coordination with the local public entities of the state in meeting the housing needs of cities, counties, cities and counties, and Indian reservations and rancherias on a level of government that is as close as possible to the people it serves.
(
l
)
Promoting the recovery and growth of economically depressed business located in areas of minority concentration and in mortgage-deficient areas.
(m)
Revitalization of deteriorating and deteriorated urban areas by attracting a full range of income groups to central-city areas to provide economic integration with persons and families of low or moderate income in
those areas.
(n)
Implementation of the goals, policies, and objectives of the California Statewide Housing Plan.
(o)
Location of housing in public transit corridors with high levels of service.
(p)
Reducing the cost of mortgage financing for rental housing development in order to attract private and pension fund investment in such developments.
(q)
Reducing the cost of mortgage financing for accessory dwelling units, as defined in subdivision (a) of Section 66313 of the Government Code, in order to make rental housing more affordable for elderly persons and persons and families of low or moderate income.