Any rental housing development assisted pursuant to this article shall be governed by a regulatory agreement between the sponsor and the local public entity. The regulatory agreements shall contain all of the following:
(a) Restrictions on occupancy of the dwelling units within the rental housing development necessary to meet the requirements of Sections 50736 and 50739.
(b) A requirement that all contractors and subcontractors use affirmative action in hiring.
(c) Provisions implementing the terms of tenant selection standards and occupancy agreements.
(d) Provisions necessary for the administration and protection of annuity funds established pursuant to Section 50748 and for recapture and reallocation of annuity fund payments and rent revenues pursuant to subdivisions (k) and ( l) of Section 50756.
(e) Any other provisions necessary to carry out the purposes and to exercise the powers granted by this chapter.
(Amended by Stats. 1985, Ch. 375, Sec. 5.)
Last modified: October 25, 2018