California Health and Safety Code ARTICLE 2 - Rental Construction Incentive Program

• Section 50745.
  (a)  Upon application by the agency or a local finance entity, the department may contract with the agency or local finance entity to pay all...
• Section 50745.1.
  (a)  Notwithstanding any other provision or requirement of this chapter, and any regulations adopted thereunder, the department may contract with the agency, a local finance...
• Section 50746.
  Each contract pursuant to Section 50745 shall be recorded or referenced in a recorded document in the office of the county recorder of the county...
• Section 50747.
  The development cost payments provided by the department pursuant to this article shall not exceed 100 percent of the development costs of a rental housing...
• Section 50748.
  (a)  The department may establish and administer an annuity fund, with respect to rental housing developments assisted under this article or Article 3 (commencing with...
• Section 50748.1.
  (a)  The department shall from time to time direct the Treasurer to invest moneys set aside or otherwise deposited in the annuity fund established by...
• Section 50749.
  Any rental housing development assisted pursuant to this article shall be governed by a regulatory agreement between the sponsor and the agency or local finance...
• Section 50750.
  Upon consent of the legislative body of the city or county in which a rental housing development is or will be located, the department may...

Last modified: October 22, 2018