{"data":{"id":"us-ca/hsc-50009","jurisdiction":"us-ca","citation":"HSC § 50009","heading":"","body":"The Legislature finds and declares that the utilization of tax-exempt mortgage revenue bonds can, and should, encourage the production of housing units affordable to low- and moderate-income persons and families. The Legislature further finds and declares that as a result of recent bond interest rates at historically high levels, tax-exempt mortgage revenue bond programs may not be able to provide housing affordable to low- and moderate-income persons and families, without an additional subsidy. The Legislature further finds and declares that the effectiveness of tax-exempt mortgage revenue bonds in reducing the housing costs of low- and moderate-income persons and families should be carefully monitored by the Legislature to permit an assessment of the costs and benefits of this financing mechanism.","path":["Health and Safety Code - HSC","DIVISION 31. HOUSING AND HOME FINANCE [50000. - 54949.]","PART 1. STATE HOUSING POLICY AND GENERAL PROVISIONS [50000. - 50300.]","CHAPTER 1. Legislative Findings and Declarations [50000. - 50010.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"3b6a210680411360214fd1337fc4f6df5697590dabf552aae898cf8623af2ba0","source_id":"us-ca","stale":false,"prev":"us-ca/hsc-50008","next":"us-ca/hsc-50010"},"notice":"GroundRules: Original legal text. Not legal advice."}