Cal. Code Regs. tit. 4 § 5347

Current through Register 2024 Notice Reg. No. 49, December 6, 2024

Section 5347 - Potential Public Benefits Calculation

For each Allocation round, programs will be evaluated and ranked based on how effectively they will achieve the following public benefits relative to their competitor's performance: Serving the maximum number of households earning eighty percent (80%) or less of the Applicable Median Family Income of the area in which the program is located; ensuring the lowest interest rates to borrowers; and serving the maximum number of households with the allocation.

Cal. Code Regs. Tit. 4, § 5347

1. New section filed 12-21-2012 as an emergency pursuant to Government Code section 8869.94; operative 12-21-2012 (Register 2012, No. 51). A Certificate of Compliance must be transmitted to OAL by 6-19-2013 or emergency language will be repealed by operation of law on the following day.
2. Certificate of Compliance as to 12-21-2012 order transmitted to OAL 5-23-2013 and filed 7-8-2013 (Register 2013, No. 28).

Note: Authority cited: Section 8869.94, Government Code. Reference: Sections 8869.84(c), 8869.85(a) and 8869.85(b), Government Code.