Cal. Code Regs. tit. 25 § 7532
In addition to the definitions contained in Chapter 2 (commencing with Section 50050) and Section 50692 of the Health and Safety Code, the following definitions apply to this subchapter:
"Applicant" means any eligible sponsor applying for funds pursuant to this subchapter.
"Assisted units" means residential units which have been constructed or rehabilitated with technical assistance or funds provided in whole or in part from the Fund and which are, or will be, occupied by eligible households.
"Cooperative" means a limited equity housing cooperative as defined in Health and Safety Code Section 33007.5.
"Department" means the California Department of Housing and Community Development.
"Deferred Payment Loan" means a loan made by the Department to an eligible household, rental sponsor or cooperative from the Fund pursuant to Article 5 of this subchapter.
"Director" means the Director of the Department of Housing and Community Development, or his or her delegate.
"Eligible Household" means:
"Eligible Sponsors" means local public entities or nonprofit corporations including cooperatives that are engaged in, or will be engaged in developing, conducting, administering or coordinating programs of assistance which will aid eligible households construct or rehabilitate residential units for their own use.
"Fund" means the Self-Help Housing Fund established by Section 50697.1 of the Health and Safety Code.
"Grantee" means an eligible sponsor that has received a grant or loan from the fund.
"Gross Monthly Income" means gross monthly income as defined in Section 6914, of this Part.
"Low-income households" means the same as lower-income households.
"Lower-income households" means persons and families who meet the requirements of Section 6928 of this Part.
"Moderate-income households" means persons and families who meet the requirements of Section 6930 of this Part.
"Monthly housing costs" means housing costs as set forth in Section 6920 of this Part.
"Project" means a housing development as defined by Section 50073 of the Health and Safety Code. In addition, "project" includes the provision of technical assistance to eligible households.
"Property" means the real property on which the self-help construction has or will be undertaken and includes the improvements thereon.
"Rehabilitation" means rehabilitation as defined in Section 7402 of this Part and specifically excludes items listed in Section 7414(c) 1 through 9 of this Part.
"Rental Housing Development" means a rental housing development as defined in Section 7802 of this Part.
"Rental Sponsor" means an eligible sponsor who is, or will be, the owner of a rental housing development.
"Self-help construction" means owner building or self-help rehabilitation as defined in Section 50692 of the Health and Safety Code and may include mutual self-help housing as defined in Section 50087 of the Health and Safety Code.
"Sweat-equity" means the cost savings to an assisted unit attributable to self-help construction. This amount shall be calculated by subtracting the equity prior to the commencement of work on the assisted unit from the equity at the completion of the assisted unit. For the purposes of this definition, equity means the difference between the fair market value of the property and the total of all outstanding debts secured by the property plus all payments provided by the owner.
Cal. Code Regs. Tit. 25, § 7532
Note: Authority cited: Section 50697(d), Health and Safety Code. Reference: Chapter 2 (commencing with Section 50050) and Section 50692, Health and Safety Code.