Cal. Code Regs. tit. 25 § 7204

Current through Register 2024 Notice Reg. No. 50, December 13, 2024

Section 7204 - Project Eligibility Requirements

Program funds may only be expended for housing developments that meet the following criteria:

(a) The housing development must contain assisted units to be occupied by agricultural households.

(b) To the greatest extent possible, assisted units are to be occupied by lower-income agricultural households.

(c) To the greatest extent possible, any non-assisted units are to be occupied by agricultural households.

(d) Assisted units in a rental housing development required to be made available to lower-income households pursuant to Section 7209 are to be made available at affordable rents as defined in Health and Safety Code Section 50053.

(e) When grant funds are to be used for homeownership purposes, assisted units shall be newly constructed, and are to be made available to lower-income households at a total monthly housing cost not to exceed 35% of monthly net income.

(1) An eligible household's monthly housing costs may exceed 35% of monthly net income if all of the following conditions are satisfied:

(A) the proposed housing costs are approximately the same as the present housing costs of the household, and

(B) a satisfactory credit record has been maintained by the households, and

(C) the household has demonstrated an ability to sustain its present housing expense without serious difficulty.

(2) In the alternative, a different standard can be applied if it has otherwise been determined by the Department that the eligible household can assume greater responsibility for monthly housing costs.

Cal. Code Regs. Tit. 25, § 7204

1. Amendment filed 2-10-83; designated effective 3-4-83 pursuant to Government Code Section 11346.2(d) (Register 83, No. 7).
2. Amendment of subsection (a)(3) filed 9-29-2003; operative 9-29-2003 pursuant to Government Code section 11343.4 (Register 2003, No. 40).
3. New article 2 heading and amendment of section heading and section filed 4-2-2008; operative 5-2-2008 (Register 2008, No. 14).

Note: Authority cited: Sections 50402 and 50406, Health and Safety Code. Reference: Section 50517.5, Health and Safety Code.