GroundRules
HSC § 50862.5
Where this section sits in the code
- Health and Safety Code - HSC
- DIVISION 31. HOUSING AND HOME FINANCE [50000. - 54949.]
- PART 2. DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT [50400. - 50899.7.]
- CHAPTER 14.5. Building Equity and Growth in Neighborhoods Program [50860. - 50866.]
Downpayment assistance provided pursuant to this chapter shall be in the form of a second mortgage loan. The maximum amount of the loan shall be set in the current Notice of Funding Availability (NOFA), but in no case shall the loan exceed 20 percent of the sale price of the residence. The loan shall accrue simple interest.
Collected 2026-09-14T05:56:33Z. Source file · JSON