California Statutes
§ 52515. — 52515. (Added by Stats. 1982, Ch. 320, Sec. 12.)
California § 52515.
JurisdictionCalifornia
Code HSCHealth and Safety Code - HSC
Div. 31.DIVISION 31. HOUSING AND HOME FINANCE
Part 6.PART 6. CALIFORNIA FIRST-TIME HOME BUYERS
Ch. 2.CHAPTER 2. Buy-Down Mortgage Plan
This text of California § 52515. (52515. (Added by Stats. 1982, Ch. 320, Sec. 12.)) 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 § 52515. (2026).
Text
The real property to be purchased by the borrower on a mortgage loan pursuant to this part shall be an owner-occupied housing unit, the acquisition price of which does not exceed 90 percent of the average purchase price in the statistical area, except that such acquisition cost shall not exceed 110 percent of the average purchase price in a targeted area. The average purchase price means the purchase price determined by the agency, through action of the policy committee, for similar owner-occupied units. Such determinations shall be made not less often than annually for each statistical area and targeted area.
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Legislative History
Added by Stats. 1982, Ch. 320, Sec. 12. Effective June 29, 1982.
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California § 52515., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/HSC/52515..