51225. In selecting proposals for financing, the agency shall
balance its activity between urban metropolitan, nonmetropolitan, and
rural metropolitan areas of the state in general proportion to the
needs identified in the California Statewide Housing Plan.
Insofar as feasible, the agency shall attempt to provide financing
for housing specifically designed for occupancy by particular types
of lower income households in general proportion to the proportionate
need identified in the California Statewide Housing Plan and shall
concentrate financing of construction and rehabilitation and
financing for the sale of existing housing in areas of need as
identified in the California Statewide Housing Plan or pursuant to
regulations adopted pursuant to subdivision (g) of Section 50462.
The agency may also give priority consideration to, and reserve
funds for use in connection with, large urban revitalization
programs.
To facilitate the implementation of that portion of the agency's
mandate to serve nonmetropolitan and rural metropolitan areas of the
state in general proportion to the needs identified in the statewide
housing plans, the agency shall, in nonmetropolitan and rural
metropolitan areas, actively and aggressively pursue the development
and financing of projects in communities of various sizes in general
proportion to the communities' needs. The annual reports required of
the agency pursuant to Section 51005 shall specifically enumerate the
agency's progress towards meeting its mandate to serve
nonmetropolitan and rural metropolitan areas, and shall assess any
obstacles or problems which it has encountered in meeting this
mandate, and suggest legislative and administrative solutions to
overcome these obstacles or problems.
In enumerating its progress, the agency shall separately assess
its progress in meeting the rehabilitation needs of rural areas and
the new construction needs of rural areas, and separately assess its
progress as to single and multifamily units. The agency shall include
in its report an enumeration of its progress in meeting the housing
needs of communities of various sizes in rural areas.
In order to facilitate implementation of local housing allocation
plans, the agency may contract with a local public entity to reserve
a portion of available credit and subsidy assistance for that area
for one year. These contracts may be renewed annually by mutual
agreement.
51226. (a) Subject to the availability of adequate subsidies, not
less than 30 percent of the combined total units financed by mortgage
loans and property improvement loans pursuant to this part during
each fiscal year shall be made available on a priority basis to very
low income households. Subject to the availability of adequate
subsidies, not less than 20 percent of the units in each housing
development shall be made available on a priority basis to very low
income households, except that such requirement shall not apply to
housing developments of less than 12 units where the agency finds it
is not necessary to make units available in the development for very
low income households to meet the requirement of making 30 percent of
total units available to very low income households. In housing
developments for which the agency provides a construction loan but
not a mortgage loan, not less than 20 percent of the units shall be
made available on a priority basis to lower income households. Units
required to be made available on a priority basis pursuant to this
section, shall be offered exclusively to those within the priority
group unless or until the agency permits the unit to be offered to
other potential occupant groups.
(b) In rental housing developments for which the agency provides
insurance but not construction or mortgage loans, not less than 10
percent of the units shall be made available on a priority basis to
lower income households. These units shall be of comparable quality
and offer a range of sizes and number of bedrooms comparable to the
range of those units which are available for other tenants.
(c) The agency shall actively and aggressively pursue all
available federal housing programs and utilize fully all available
subsidies in order to achieve the purposes of this section.
51226.5. (a) Notwithstanding the provisions of Section 51226, in
each housing development financed by the agency and insured under a
federal multifamily insurance program, the agency shall enter into a
loan commitment only in conformance with the following requirements:
(1) With respect to housing developments financed on or after
January 1, 1985, not less than 25 percent of the units shall be made
available on a priority basis for very low income households.
(2) With respect to housing developments financed on or after
January 1, 1985, an additional 10 percent or more of the units shall
be made available on a priority basis for other lower income
households if a subsidy for the housing development is provided
through the agency or directly by the federal government.
(b) Not less than 75 percent of the units in a housing development
financed by the agency and insured under a federal multifamily
insurance housing program shall be made available on a priority basis
for persons and families of low or moderate income.
(c) The agency may provide financing for housing developments for
the elderly that are insured under a federal insurance program when
the requirements of subdivisions (a) and (b) are met and (1) a
minimum of 35 percent of the units in the development are made
available for lower income households, or (2) a majority of the units
in the housing development which are to be made available for low
income households are reserved for nonelderly households.
This section shall become operative January 1, 1985.
51227. At the close of each fiscal year the agency shall ascertain
that not less than 25 percent of the total units financed by mortgage
loans during the preceding 12 months pursuant to this part were made
available to very low-income households. At the close of each fiscal
year the agency shall ascertain that not less than 25 percent of all
units financed pursuant to this part by mortgage loans are occupied
or available to very low-income households.
51227.7. It shall be a goal of the agency that not less than 80
percent of the dollar amount of financing from proceeds of bonds
issued after December 31, 1979, be used to fund loans for the new
construction or substantial rehabilitation of housing. In no event
shall the agency allocate less than 60 percent of the dollar amount
of its financing from bond proceeds to fund loans (1) for new
construction and substantial rehabilitation and (2) to make available
subsidized rental units. This requirement shall apply to loans made
after December 31, 1979, and shall be cumulative.
As used in this section, "substantial rehabilitation" means
rehabilitation in which the costs of rehabilitation equal or exceed
20 percent of the value of the structure after rehabilitation.
51228. At the time a mortgage loan commitment is made to finance
any rental or cooperative housing development, a written agreement
between the agency and housing sponsor shall be executed, designating
the number of units to be made available on a priority basis within
such housing development to very low income households, to other
persons and families of low or moderate income, and to other
households. If the number of units occupied by very low income
households in any housing development ever falls below the number
agreed to by the agency and housing sponsor, then units which become
available for occupancy shall, subject to available subsidies be made
available on a priority basis to very low income households until
the number of units so occupied equals at least the number specified
in the agreement. The agency may from time to time review agreements
designating the allocation of units and, subject to agreement with
the housing sponsor, may increase the number of units to be made
available to very low income households if consistent with
maintenance of the financial integrity of the housing development and
continuance of permitted earnings distributions, or may establish
minimum rents or minimum incomes for occupancy of units becoming
vacant and not otherwise allocated to very low income households if
necessary to the financial integrity of the housing development and
continuance of permitted earnings distributions.
51230. Not less than 30 percent nor more than 40 percent of the
units financed by the agency during each fiscal year for very
low-income households shall be designed specifically for occupancy by
elderly persons. The agency shall in each fiscal year, finance at
least that number of rental units designed for occupancy and
accessibility by persons with orthopedic disabilities necessary to
make such units equal to the same percentage relationship to the
total number of rental units as such persons comprise when compared
to the total population of the state. The percentage shall only,
however, relate to those persons qualified by income and the
percentage relationship shall be verified according to submarket
areas within the state.
51231. The agency shall assist housing sponsors in obtaining
subsidies. In selecting housing to be given assistance under this
division, the agency shall give priority to those which are able to
obtain subsidies but cannot obtain alternative financing in order to
utilize such subsidies. The agency shall make every effort to obtain
subsidy funds and nothing in this division shall preclude the agency
from meeting the eligibility requirements for obtaining federal
housing subsidy allocations.
51232. To implement the purposes of this division, the agency shall
develop or require housing sponsors to develop, pursuant to
regulations of the agency, resident selection plans. Resident
selection plans for housing developments financed by mortgage loans
from the agency, which shall provide that preference be given to
households displaced by a housing development, public action, or
natural disaster. Such plans shall include criteria for resident
selection, which shall establish income limits for residents, and may
include a counseling program designed to promote the financial
success of the housing development or the health, safety, and welfare
of residents of the housing development. The agency may make
participation in such a counseling program a condition or
precondition of occupancy of a housing development. The agency may
develop or require housing sponsors to develop, pursuant to
regulations of the agency, resident selection plans for large urban
revitalization programs which recognize a need to attract a full
range of income groups for housing developments in central-city
areas.
51225. In selecting proposals for financing, the agency shall
balance its activity between urban metropolitan, nonmetropolitan, and
rural metropolitan areas of the state in general proportion to the
needs identified in the California Statewide Housing Plan.
Insofar as feasible, the agency shall attempt to provide financing
for housing specifically designed for occupancy by particular types
of lower income households in general proportion to the proportionate
need identified in the California Statewide Housing Plan and shall
concentrate financing of construction and rehabilitation and
financing for the sale of existing housing in areas of need as
identified in the California Statewide Housing Plan or pursuant to
regulations adopted pursuant to subdivision (g) of Section 50462.
The agency may also give priority consideration to, and reserve
funds for use in connection with, large urban revitalization
programs.
To facilitate the implementation of that portion of the agency's
mandate to serve nonmetropolitan and rural metropolitan areas of the
state in general proportion to the needs identified in the statewide
housing plans, the agency shall, in nonmetropolitan and rural
metropolitan areas, actively and aggressively pursue the development
and financing of projects in communities of various sizes in general
proportion to the communities' needs. The annual reports required of
the agency pursuant to Section 51005 shall specifically enumerate the
agency's progress towards meeting its mandate to serve
nonmetropolitan and rural metropolitan areas, and shall assess any
obstacles or problems which it has encountered in meeting this
mandate, and suggest legislative and administrative solutions to
overcome these obstacles or problems.
In enumerating its progress, the agency shall separately assess
its progress in meeting the rehabilitation needs of rural areas and
the new construction needs of rural areas, and separately assess its
progress as to single and multifamily units. The agency shall include
in its report an enumeration of its progress in meeting the housing
needs of communities of various sizes in rural areas.
In order to facilitate implementation of local housing allocation
plans, the agency may contract with a local public entity to reserve
a portion of available credit and subsidy assistance for that area
for one year. These contracts may be renewed annually by mutual
agreement.
51226. (a) Subject to the availability of adequate subsidies, not
less than 30 percent of the combined total units financed by mortgage
loans and property improvement loans pursuant to this part during
each fiscal year shall be made available on a priority basis to very
low income households. Subject to the availability of adequate
subsidies, not less than 20 percent of the units in each housing
development shall be made available on a priority basis to very low
income households, except that such requirement shall not apply to
housing developments of less than 12 units where the agency finds it
is not necessary to make units available in the development for very
low income households to meet the requirement of making 30 percent of
total units available to very low income households. In housing
developments for which the agency provides a construction loan but
not a mortgage loan, not less than 20 percent of the units shall be
made available on a priority basis to lower income households. Units
required to be made available on a priority basis pursuant to this
section, shall be offered exclusively to those within the priority
group unless or until the agency permits the unit to be offered to
other potential occupant groups.
(b) In rental housing developments for which the agency provides
insurance but not construction or mortgage loans, not less than 10
percent of the units shall be made available on a priority basis to
lower income households. These units shall be of comparable quality
and offer a range of sizes and number of bedrooms comparable to the
range of those units which are available for other tenants.
(c) The agency shall actively and aggressively pursue all
available federal housing programs and utilize fully all available
subsidies in order to achieve the purposes of this section.
51226.5. (a) Notwithstanding the provisions of Section 51226, in
each housing development financed by the agency and insured under a
federal multifamily insurance program, the agency shall enter into a
loan commitment only in conformance with the following requirements:
(1) With respect to housing developments financed on or after
January 1, 1985, not less than 25 percent of the units shall be made
available on a priority basis for very low income households.
(2) With respect to housing developments financed on or after
January 1, 1985, an additional 10 percent or more of the units shall
be made available on a priority basis for other lower income
households if a subsidy for the housing development is provided
through the agency or directly by the federal government.
(b) Not less than 75 percent of the units in a housing development
financed by the agency and insured under a federal multifamily
insurance housing program shall be made available on a priority basis
for persons and families of low or moderate income.
(c) The agency may provide financing for housing developments for
the elderly that are insured under a federal insurance program when
the requirements of subdivisions (a) and (b) are met and (1) a
minimum of 35 percent of the units in the development are made
available for lower income households, or (2) a majority of the units
in the housing development which are to be made available for low
income households are reserved for nonelderly households.
This section shall become operative January 1, 1985.
51227. At the close of each fiscal year the agency shall ascertain
that not less than 25 percent of the total units financed by mortgage
loans during the preceding 12 months pursuant to this part were made
available to very low-income households. At the close of each fiscal
year the agency shall ascertain that not less than 25 percent of all
units financed pursuant to this part by mortgage loans are occupied
or available to very low-income households.
51227.7. It shall be a goal of the agency that not less than 80
percent of the dollar amount of financing from proceeds of bonds
issued after December 31, 1979, be used to fund loans for the new
construction or substantial rehabilitation of housing. In no event
shall the agency allocate less than 60 percent of the dollar amount
of its financing from bond proceeds to fund loans (1) for new
construction and substantial rehabilitation and (2) to make available
subsidized rental units. This requirement shall apply to loans made
after December 31, 1979, and shall be cumulative.
As used in this section, "substantial rehabilitation" means
rehabilitation in which the costs of rehabilitation equal or exceed
20 percent of the value of the structure after rehabilitation.
51228. At the time a mortgage loan commitment is made to finance
any rental or cooperative housing development, a written agreement
between the agency and housing sponsor shall be executed, designating
the number of units to be made available on a priority basis within
such housing development to very low income households, to other
persons and families of low or moderate income, and to other
households. If the number of units occupied by very low income
households in any housing development ever falls below the number
agreed to by the agency and housing sponsor, then units which become
available for occupancy shall, subject to available subsidies be made
available on a priority basis to very low income households until
the number of units so occupied equals at least the number specified
in the agreement. The agency may from time to time review agreements
designating the allocation of units and, subject to agreement with
the housing sponsor, may increase the number of units to be made
available to very low income households if consistent with
maintenance of the financial integrity of the housing development and
continuance of permitted earnings distributions, or may establish
minimum rents or minimum incomes for occupancy of units becoming
vacant and not otherwise allocated to very low income households if
necessary to the financial integrity of the housing development and
continuance of permitted earnings distributions.
51230. Not less than 30 percent nor more than 40 percent of the
units financed by the agency during each fiscal year for very
low-income households shall be designed specifically for occupancy by
elderly persons. The agency shall in each fiscal year, finance at
least that number of rental units designed for occupancy and
accessibility by persons with orthopedic disabilities necessary to
make such units equal to the same percentage relationship to the
total number of rental units as such persons comprise when compared
to the total population of the state. The percentage shall only,
however, relate to those persons qualified by income and the
percentage relationship shall be verified according to submarket
areas within the state.
51231. The agency shall assist housing sponsors in obtaining
subsidies. In selecting housing to be given assistance under this
division, the agency shall give priority to those which are able to
obtain subsidies but cannot obtain alternative financing in order to
utilize such subsidies. The agency shall make every effort to obtain
subsidy funds and nothing in this division shall preclude the agency
from meeting the eligibility requirements for obtaining federal
housing subsidy allocations.
51232. To implement the purposes of this division, the agency shall
develop or require housing sponsors to develop, pursuant to
regulations of the agency, resident selection plans. Resident
selection plans for housing developments financed by mortgage loans
from the agency, which shall provide that preference be given to
households displaced by a housing development, public action, or
natural disaster. Such plans shall include criteria for resident
selection, which shall establish income limits for residents, and may
include a counseling program designed to promote the financial
success of the housing development or the health, safety, and welfare
of residents of the housing development. The agency may make
participation in such a counseling program a condition or
precondition of occupancy of a housing development. The agency may
develop or require housing sponsors to develop, pursuant to
regulations of the agency, resident selection plans for large urban
revitalization programs which recognize a need to attract a full
range of income groups for housing developments in central-city
areas.
51225. In selecting proposals for financing, the agency shall
balance its activity between urban metropolitan, nonmetropolitan, and
rural metropolitan areas of the state in general proportion to the
needs identified in the California Statewide Housing Plan.
Insofar as feasible, the agency shall attempt to provide financing
for housing specifically designed for occupancy by particular types
of lower income households in general proportion to the proportionate
need identified in the California Statewide Housing Plan and shall
concentrate financing of construction and rehabilitation and
financing for the sale of existing housing in areas of need as
identified in the California Statewide Housing Plan or pursuant to
regulations adopted pursuant to subdivision (g) of Section 50462.
The agency may also give priority consideration to, and reserve
funds for use in connection with, large urban revitalization
programs.
To facilitate the implementation of that portion of the agency's
mandate to serve nonmetropolitan and rural metropolitan areas of the
state in general proportion to the needs identified in the statewide
housing plans, the agency shall, in nonmetropolitan and rural
metropolitan areas, actively and aggressively pursue the development
and financing of projects in communities of various sizes in general
proportion to the communities' needs. The annual reports required of
the agency pursuant to Section 51005 shall specifically enumerate the
agency's progress towards meeting its mandate to serve
nonmetropolitan and rural metropolitan areas, and shall assess any
obstacles or problems which it has encountered in meeting this
mandate, and suggest legislative and administrative solutions to
overcome these obstacles or problems.
In enumerating its progress, the agency shall separately assess
its progress in meeting the rehabilitation needs of rural areas and
the new construction needs of rural areas, and separately assess its
progress as to single and multifamily units. The agency shall include
in its report an enumeration of its progress in meeting the housing
needs of communities of various sizes in rural areas.
In order to facilitate implementation of local housing allocation
plans, the agency may contract with a local public entity to reserve
a portion of available credit and subsidy assistance for that area
for one year. These contracts may be renewed annually by mutual
agreement.
51226. (a) Subject to the availability of adequate subsidies, not
less than 30 percent of the combined total units financed by mortgage
loans and property improvement loans pursuant to this part during
each fiscal year shall be made available on a priority basis to very
low income households. Subject to the availability of adequate
subsidies, not less than 20 percent of the units in each housing
development shall be made available on a priority basis to very low
income households, except that such requirement shall not apply to
housing developments of less than 12 units where the agency finds it
is not necessary to make units available in the development for very
low income households to meet the requirement of making 30 percent of
total units available to very low income households. In housing
developments for which the agency provides a construction loan but
not a mortgage loan, not less than 20 percent of the units shall be
made available on a priority basis to lower income households. Units
required to be made available on a priority basis pursuant to this
section, shall be offered exclusively to those within the priority
group unless or until the agency permits the unit to be offered to
other potential occupant groups.
(b) In rental housing developments for which the agency provides
insurance but not construction or mortgage loans, not less than 10
percent of the units shall be made available on a priority basis to
lower income households. These units shall be of comparable quality
and offer a range of sizes and number of bedrooms comparable to the
range of those units which are available for other tenants.
(c) The agency shall actively and aggressively pursue all
available federal housing programs and utilize fully all available
subsidies in order to achieve the purposes of this section.
51226.5. (a) Notwithstanding the provisions of Section 51226, in
each housing development financed by the agency and insured under a
federal multifamily insurance program, the agency shall enter into a
loan commitment only in conformance with the following requirements:
(1) With respect to housing developments financed on or after
January 1, 1985, not less than 25 percent of the units shall be made
available on a priority basis for very low income households.
(2) With respect to housing developments financed on or after
January 1, 1985, an additional 10 percent or more of the units shall
be made available on a priority basis for other lower income
households if a subsidy for the housing development is provided
through the agency or directly by the federal government.
(b) Not less than 75 percent of the units in a housing development
financed by the agency and insured under a federal multifamily
insurance housing program shall be made available on a priority basis
for persons and families of low or moderate income.
(c) The agency may provide financing for housing developments for
the elderly that are insured under a federal insurance program when
the requirements of subdivisions (a) and (b) are met and (1) a
minimum of 35 percent of the units in the development are made
available for lower income households, or (2) a majority of the units
in the housing development which are to be made available for low
income households are reserved for nonelderly households.
This section shall become operative January 1, 1985.
51227. At the close of each fiscal year the agency shall ascertain
that not less than 25 percent of the total units financed by mortgage
loans during the preceding 12 months pursuant to this part were made
available to very low-income households. At the close of each fiscal
year the agency shall ascertain that not less than 25 percent of all
units financed pursuant to this part by mortgage loans are occupied
or available to very low-income households.
51227.7. It shall be a goal of the agency that not less than 80
percent of the dollar amount of financing from proceeds of bonds
issued after December 31, 1979, be used to fund loans for the new
construction or substantial rehabilitation of housing. In no event
shall the agency allocate less than 60 percent of the dollar amount
of its financing from bond proceeds to fund loans (1) for new
construction and substantial rehabilitation and (2) to make available
subsidized rental units. This requirement shall apply to loans made
after December 31, 1979, and shall be cumulative.
As used in this section, "substantial rehabilitation" means
rehabilitation in which the costs of rehabilitation equal or exceed
20 percent of the value of the structure after rehabilitation.
51228. At the time a mortgage loan commitment is made to finance
any rental or cooperative housing development, a written agreement
between the agency and housing sponsor shall be executed, designating
the number of units to be made available on a priority basis within
such housing development to very low income households, to other
persons and families of low or moderate income, and to other
households. If the number of units occupied by very low income
households in any housing development ever falls below the number
agreed to by the agency and housing sponsor, then units which become
available for occupancy shall, subject to available subsidies be made
available on a priority basis to very low income households until
the number of units so occupied equals at least the number specified
in the agreement. The agency may from time to time review agreements
designating the allocation of units and, subject to agreement with
the housing sponsor, may increase the number of units to be made
available to very low income households if consistent with
maintenance of the financial integrity of the housing development and
continuance of permitted earnings distributions, or may establish
minimum rents or minimum incomes for occupancy of units becoming
vacant and not otherwise allocated to very low income households if
necessary to the financial integrity of the housing development and
continuance of permitted earnings distributions.
51230. Not less than 30 percent nor more than 40 percent of the
units financed by the agency during each fiscal year for very
low-income households shall be designed specifically for occupancy by
elderly persons. The agency shall in each fiscal year, finance at
least that number of rental units designed for occupancy and
accessibility by persons with orthopedic disabilities necessary to
make such units equal to the same percentage relationship to the
total number of rental units as such persons comprise when compared
to the total population of the state. The percentage shall only,
however, relate to those persons qualified by income and the
percentage relationship shall be verified according to submarket
areas within the state.
51231. The agency shall assist housing sponsors in obtaining
subsidies. In selecting housing to be given assistance under this
division, the agency shall give priority to those which are able to
obtain subsidies but cannot obtain alternative financing in order to
utilize such subsidies. The agency shall make every effort to obtain
subsidy funds and nothing in this division shall preclude the agency
from meeting the eligibility requirements for obtaining federal
housing subsidy allocations.
51232. To implement the purposes of this division, the agency shall
develop or require housing sponsors to develop, pursuant to
regulations of the agency, resident selection plans. Resident
selection plans for housing developments financed by mortgage loans
from the agency, which shall provide that preference be given to
households displaced by a housing development, public action, or
natural disaster. Such plans shall include criteria for resident
selection, which shall establish income limits for residents, and may
include a counseling program designed to promote the financial
success of the housing development or the health, safety, and welfare
of residents of the housing development. The agency may make
participation in such a counseling program a condition or
precondition of occupancy of a housing development. The agency may
develop or require housing sponsors to develop, pursuant to
regulations of the agency, resident selection plans for large urban
revitalization programs which recognize a need to attract a full
range of income groups for housing developments in central-city
areas.
