Section 7932 - Maximum Purchase Prices(a) The Committee may by resolution adopt maximum purchase prices for converted rental units, and mobilehomes on permanent foundations not located within mobilehome parks.(b) In adopting such maximum purchase prices, the Committee may take into account: (1) the need to make the optimum use of Program funds by providing financial assistance to as many households as possible;(2) the extent to which the beneficiaries of financial assistance under the Program are able to obtain financing and make loan or other necessary payments with respect to housing assisted under the Program;(3) comparative land and housing costs in the region and locality for which the financial assistance is proposed; and(4) such other matters as the Committee considers appropriate.Cal. Code Regs. Tit. 25, § 7932
1. Amendment of subsection (a) 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 A Certificate of Compliance must be transmitted to OAL within 120 days or emergency language will be repealed on 3-13-81.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 and filed 4-14-81 (Register 81, No. 16).
3. Amendment of NOTE filed 4-30-82; effective thirtieth day thereafter (Register 82, No. 18). Note: Authority cited: Section 50406, Health and Safety Code. Reference: Section 50775, Health and Safety Code.
1. Amendment of subsection (a) 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 A Certificate of Compliance must be transmitted to OAL within 120 days or emergency language will be repealed on 3-13-81.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 and filed 4-14-81 (Register 81, No. 16).
3. Amendment of NOTE filed 4-30-82; effective thirtieth day thereafter (Register 82, No. 18).