GroundRules
HSC § 51054
Where this section sits in the code
- Health and Safety Code - HSC
- DIVISION 31. HOUSING AND HOME FINANCE [50000. - 54949.]
- PART 3. CALIFORNIA HOUSING FINANCE AGENCY [50900. - 51532.]
- CHAPTER 4. General Powers [51050. - 51070.]
The agency may make or undertake commitments to make development loans, construction loans, mortgage loans, and property improvement loans to housing sponsors to finance housing developments, as provided in Chapter 5 (commencing with Section 51100) of this part.
The agency may, in conjunction with a construction loan, set aside a reserve to provide improvement security required under subdivision (c) of Section 66462 and Chapter 5 (commencing with Section 66499) of Division 2 of Title 7 of the Government Code, which shall be in lieu of improvement security otherwise required by such provisions.
Collected 2026-09-14T05:56:33Z. Source file · JSON