California Statutes
§ 51180. — 51180. (Added by Stats. 1982, Ch. 1448, Sec. 1.)
California·Code HSC Health and Safety Code - HSC·Div. 31. DIVISION 31. HOUSING AND HOME FINANCE·Part 3. PART 3. CALIFORNIA HOUSING FINANCE AGENCY·Ch. 5. CHAPTER 5. Financing of Housing Developments and Residential Structures·Art. 4.5. ARTICLE 4.5. Subordinated Mortgage Loans
As used in this article:
(a)“Subordinated loan” means a deferred payment mortgage loan, which is a second trust deed used in connection with other financing from the agency for the purpose of making the development of housing feasible where it would not be feasible without such loan. No loan shall be made pursuant to this article unless it is secured by a second trust deed.
(b)“Local agency” means a city, county, city and county, redevelopment agency, or housing authority.
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California § 51180. (51180. (Added by Stats. 1982, Ch. 1448, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1982, Ch. 1448, Sec. 1.