Section 7816 - Program Requirements(a) Except as set forth in Sections 7824 or 7874, no development payment under the sponsor development or housing authority development component shall exceed the lesser of: (1) one hundred percent (100%) of the development cost of a rental housing development, and(2) the amount required when considered with below market rate financing to enable the construction of the rental housing development or ensure the economic feasibility of affordable rents for the assisted units.(b) In addition to other requirements of this subchapter, or all units assisted by the Program:(1) at least two-thirds shall be made available on a priority basis to or occupied by very low income households, including all households with incomes equal to or less than fifty percent (50%) of the area median income adjusted for family size, and(2) not less than twenty percent (20%) and not more than thirty percent (30%) shall be available on a priority basis to or occupied by the elderly or handicapped, and(3) not less than ten percent (10%) shall be accessible to the physically handicapped and such units will be available by or occupied by the handicapped, and(4) not less than twenty percent (20%) shall be located in a rural area.(c) Funds sufficient for the construction of forty-eight (48) assisted units specially designed for the mentally and developmentally handicapped, and having access to special supportive services provided by an agency other than the Department, will be reserved for rental housing developments incorporating such units. This reservation of funds will terminate one year after the first Committee meeting. In addition to the reservation of funds for handicapped units under this subdivision, the Department sets as a non-binding goal the reservation of sufficient funds for a further forty-eight (48) such handicapped units until one year after the first Committee meeting. All handicapped units assisted under this subdivision shall be counted as units available to the elderly or handicapped for the purposes of subdivision (b)(2). No units assisted under this subdivision shall be counted as accessible to the physically handicapped for the purposes of subdivision (b)(3), whether or not so accessible.(d) The Department establishes as a goal affirmative solicitation of and provision of technical assistance to nonprofit and cooperative sponsors.Cal. Code Regs. Tit. 25, § 7816
1. Amendment of subsection (b) and (c) filed 11-13-80 as an emergency; effective upon filing (Register 80, No. 46). A Certificate of Compliance must be transmitted to OAL within 120 days or emergency language will be repealed on 3-13-81,
2. Certificate of Compliance transmitted to OAL 3-13-81 (Register 81, No. 16). Note: Authority cited: Section 50737, Health and Safety Code. Reference: Sections 50736, 50747, Health and Safety Code.
1. Amendment of subsection (b) and (c) filed 11-13-80 as an emergency; effective upon filing (Register 80, No. 46). A Certificate of Compliance must be transmitted to OAL within 120 days or emergency language will be repealed on 3- 13-81,
2. Certificate of Compliance transmitted to OAL 3-13-81 (Register 81, No. 16).