Statutes, codes, and regulations
California Code Of Regulations
Title 25 - Housing and Community DevelopmentDivision 1 - Housing and Community DevelopmentChapter 7 - Department of Housing and Community Development Programs
Subchapter 5.5 - Special User Housing Rehabilitation Program
Section 7454 - Eligible Use of Funds

Cal. Code Regs. tit. 25 § 7454

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Current through Register 2024 Notice Reg. No. 50, December 13, 2024
Section 7454 - Eligible Use of Funds

The Department shall provide direct deferred payment loans from the Fund to eligible sponsors to be used for the following purposes:

(a) to rehabilitate a substandard rental housing development for occupancy by eligible households without the use of rental assistance subsidies; or
(b) to purchase and rehabilitate a substandard rental housing development for occupancy by eligible households without the use of rental assistance subsidies.

Cal. Code Regs. Tit. 25, § 7454

Note: Authority cited: Section 50662, Health and Safety Code; Reference: Sections 50669-50670, Health and Safety Code.