California Statutes
§ 52003. — 52003. (Added by Stats. 1979, Ch. 1069.)
California·Code HSC Health and Safety Code - HSC·Div. 31. DIVISION 31. HOUSING AND HOME FINANCE·Part 5. PART 5. LOCAL HOUSING FINANCE AGENCIES·Ch. 1. CHAPTER 1. Legislative Findings and Declarations
The Legislature finds and declares that in order to preserve a healthy housing market and avoid a two-tier market where publicly subsidized mortgage capital supplants mortgage capital supplied by private financial institutions, it is necessary for the lending programs of cities and counties to be sufficiently targeted to avoid competition with private sector mortgage lenders, and further that revenue bond financing of mortgage lending by cities and counties be reasonably constrained to avoid disruption of bond markets and the credit standing of the state and its political subdivisions.
Free access — add to your briefcase to read the full text and ask questions with AI
California § 52003. (52003. (Added by Stats. 1979, Ch. 1069.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1979, Ch. 1069.