{"data":{"id":"us-ca/hsc-51349.3","jurisdiction":"us-ca","citation":"HSC § 51349.3","heading":"","body":"For purposes of this chapter, the following definitions apply:\n(a) “Agency” means the California Housing Finance Agency.\n(b) “Construction loan loss guarantee” means a form of credit enhancement in which the agency agrees to reimburse a participating lender for a portion of the loss incurred on an eligible construction loan made to an eligible homeowner for the construction, reconstruction, or renovation of a home damaged or destroyed in a qualified disaster.\n(c) “Construction loan rate buydown” means a form of financial assistance in which the agency reimburses the participating lender for all or a portion of lender funded temporary or permanent interest rate reductions on an eligible construction loan made to an eligible homeowner for the construction, reconstruction, or renovation of a home damaged or destroyed in a qualified disaster.\n(d) “Qualified disaster” means a disaster that received a state of emergency proclamation by the Governor, or a major disaster declaration approved by the President of the United States.","path":["Health and Safety Code - HSC","DIVISION 31. HOUSING AND HOME FINANCE [50000. - 54949.]","PART 3. CALIFORNIA HOUSING FINANCE AGENCY [50900. - 51532.]","CHAPTER 6.9. Disaster Rebuilding Fund Act [51349.1. - 51349.9.]"],"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":"add12945913503ff8f646d95b515ac3e180ebf8e30bc464b180d6aaee1242b12","source_id":"us-ca","stale":false,"prev":"us-ca/hsc-51349.2","next":"us-ca/hsc-51349.4"},"notice":"GroundRules: Original legal text. Not legal advice."}