reglab/housing_qa huggingface dataset:
CA Health & Safety Code § 50720.4 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 2 - DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT|CHAPTER 8.6 - Foreclosure Intervention Housing Preservation Program|Section 50720.4.

50720.4.  As used in this chapter:(a) “Department” means the Department of Housing and Community Development.(b) “Foreclosure risk intervention sale” means a sale of a 1 to 25 unit residential real property that is not owner occupied and that exhibits indicators of foreclosure risk at the time of sale including, but not limited to, the following:(1) There is a mortgage delinquency of at least 90 days.(2) There is a delinquency on two or more property tax payments.(3) The owner of the property is a debtor in a bankruptcy proceeding.(4) There is tenant-initiated litigation against the owner of the property on the basis of lack of habitability.(5) A local government body responsible for enforcing building codes has deemed the property partially or fully uninhabitable.(6) There are other indicators that the department may prescribe in the guidelines adopted pursuant to this chapter.(c) “Preforeclosure intervention sale” means a sale of a 1 to 25 unit residential real property that is subject to a recorded notice of default by a trustee representing a beneficiary at the time of the sale.(d) “Program” means the Foreclosure Intervention Housing Preservation Program.(e) “Property acquisition costs” means direct real property acquisition costs such as payment of the purchase price and any liens on eligible properties in addition to repairs required to ensure a property and its structures are in compliance with all applicable habitability, health, and safety laws.(f) “Transaction costs” means costs related to acquiring a property, which may include property appraisal, transfer taxes, financing costs, underwriting, project management, broker fees, and legal fees.(Added by Stats. 2021, Ch. 111, Sec. 23. (AB 140) Effective July 19, 2021.)
CA Health & Safety Code § 50720.6 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 2 - DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT|CHAPTER 8.6 - Foreclosure Intervention Housing Preservation Program|Section 50720.6.

50720.6.  (a) The department shall contract with one or more fund managers to manage the program until June 30, 2026. The contract with the fund manager or the contracts with the fund managers may be renewed past June 30, 2026, if funds are available and if deemed appropriate by the department.(b) The fund manager or managers shall be responsible for all of the following:(1) Reviewing and approving loan or grant applications.(2) Originating and servicing loans or grants.(3) Establishing terms and conditions for loan or grant applications pursuant to the guidelines adopted pursuant to this chapter.(c) The fund manager or managers shall meet all of the following criteria:(1) Be a nonprofit lender with experience making real estate loans in this state, or be a housing trust fund operated by a city, a county, a city and county, or a joint powers authority as described in Article I (commencing with Section 6500) of Chapter 5 of Division 7 of Title 1 of the Government Code operated for the purpose of funding the development, acquisition, rehabilitation, or preservation of affordable housing for low- or moderate-income residents.(2) Have originated and serviced loans to develop, maintain, improve, or acquire affordable housing, including at least five million dollars ($5,000,000) in acquisition loans.(3) Demonstrate an ability to process loans for property acquisitions in an expedient manner sufficient to deploy loans necessary to purchase real property in trustee’s sales pursuant to the time constraints described in Section 2924m of the Civil Code.(d) The department may, but is not required to, contract with one or more third-party consultants to assist with administering the program.(1) Any third-party consultant contracted with by the department pursuant to this subdivision must demonstrate expertise in a variety of property ownership and stewardship models, such as rental housing, home ownership, community land trusts, limited-equity housing cooperatives, workforce housing cooperative trusts, or nonprofit affordable housing cooperatives.(2) In contracting with a third-party consultant pursuant to this subdivision the department shall prioritize to third-party consultants that demonstrate a commitment to and experience in advancing racial equity.(Added by Stats. 2021, Ch. 111, Sec. 23. (AB 140) Effective July 19, 2021.)
CA Health & Safety Code § 50720.8 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 2 - DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT|CHAPTER 8.6 - Foreclosure Intervention Housing Preservation Program|Section 50720.8.

50720.8.  (a) A borrower or grantee that receives funds from a loan made pursuant to the program shall only use the funds as follows:(1) To pay for property acquisition, rehabilitation, and repair costs and associated transaction costs for real property purchased through one of the following:(A) A trustee’s sale pursuant to Section 2924m of the Civil Code.(B) A preforeclosure intervention sale.(C) A foreclosure risk intervention sale.(2) To pay for transaction costs, so long as no more than 10 percent of a single loan funded by the program is used toward transaction costs.(b) A borrower or grantee that receives funds from a loan or grant made pursuant to this program shall ensure that all vacant units are restricted in one of the following ways:(1) By those conditions of a contract described in paragraph (10) of subdivision (a) of Section 402.1 of the Revenue and Taxation Code.(2) By those conditions of a contract described in paragraph (11) of subdivision (a) of Section 402.1 of the Revenue and Taxation Code.(3) (A) To persons and families of extremely low, very low, low, or moderate income, with an affordable sales price or an affordable rent, as defined in Sections 50052.5 and 50053 of the Health and Safety Code, for a minimum of 55 years, or a longer duration as the department may require.(B) A property may be restricted pursuant to this paragraph by recording a lease agreement, ground lease agreement, or other recorded contractual agreement between a borrower between a borrower or grantee and the residents of the property or between a borrower or grantee and a resident-controlled corporation or association.(C) Any agreement made between a borrower or grantee and a resident-controlled corporation or association pursuant to subparagraph (B) shall ensure that the housing units are affordable to lower income households, as defined in Section 50079.5 of the Health and Safety Code.(c) Occupied properties having a mix of incomes among tenants or owners may seek exemption from restrictions under subdivision (b) for units with over-income occupants, only until the unit is vacated due to natural turnover and available to be rerented or resold.(Added by Stats. 2021, Ch. 111, Sec. 23. (AB 140) Effective July 19, 2021.)
CA Health & Safety Code § 50720.10 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 2 - DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT|CHAPTER 8.6 - Foreclosure Intervention Housing Preservation Program|Section 50720.10.

50720.10.  A loan made pursuant to the program may be partially or fully converted to a grant.(Added by Stats. 2021, Ch. 111, Sec. 23. (AB 140) Effective July 19, 2021.)
CA Health & Safety Code § 50720.12 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 2 - DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT|CHAPTER 8.6 - Foreclosure Intervention Housing Preservation Program|Section 50720.12.

50720.12.  (a) The department shall adopt guidelines for the administration of the program. The guidelines shall comply with all of the following:(1) The guidelines shall not be subject to the requirements of Chapter 3.5 (commencing with Section 11340) of Part 1 of Division 3 of Title 2 of the Government Code.(2) The guidelines shall not be subject to the requirements of Chapter 8.3 (commencing with Section 50705) of Part 2 of Division 31.(3) The guidelines shall ensure that loan interest rates on loans made pursuant to the program are no higher than those of other loan programs for affordable housing overseen by the department.(4) The guidelines shall ensure that a loan made pursuant to the program can be obtained within the timeline necessary for an eligible bidder in a trustee’s sale pursuant to Section 2924m of the Civil Code to successfully acquire real property using a loan from the program.(5) The guidelines shall ensure, to the extent possible, geographic equity in allocating funding across the state.(b) The department may include in the guidelines reasonable procedures for a borrower to apply for all or a portion of its loan to be converted to a grant and to verify eligibility for such a conversion pursuant to this section.(Added by Stats. 2021, Ch. 111, Sec. 23. (AB 140) Effective July 19, 2021.)
CA Health & Safety Code § 50775 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 2 - DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT|CHAPTER 10 - Homeownership Assistance|Section 50775.

50775.  (a)  The department may provide financial assistance, in accordance with this chapter, to households residing in rental housing, or a mobilehome park in which those households rent spaces, which is to be converted to condominium ownership, planned development ownership, as defined in Section 11003 of the Business and Professions Code, or ownership by a stock cooperative corporation, as defined in Section 11003.2 of the Business and Professions Code, for the purpose of assisting those households in acquiring a dwelling unit or a share in the stock cooperative corporation which entitles those households to occupancy of a dwelling unit. (b)  The department may also provide financial assistance for the purpose of assisting households to purchase a mobilehome, as defined in Section 18008, which is located outside a mobilehome park, as defined in Section 18214, and which is affixed to a permanent foundation system. (c)  The financial assistance provided pursuant to subdivision (a) or (b) shall not exceed 49 percent of the purchase price paid by the household for the dwelling unit, mobilehome, or share in the stock cooperative, and in no event shall that assistance be used to reduce the purchaser’s downpayment below 3 percent of the total purchase price. (d)  The department may establish maximum purchase prices for such units, mobilehomes, or shares. (e)  Eligibility for that financial assistance shall be limited to households which meet all of the following conditions: (1)  Their incomes are no greater than the median for the county. (2)  The households do not currently own residential property and have not owned any residential property, other than a mobilehome not affixed to a permanent foundation, for at least three years. (3)  The households have not previously received any assistance pursuant to this chapter. (4)  The households, without financial assistance pursuant to this section, would be unable to acquire a dwelling unit, mobilehome, or a share in a stock cooperative. (f)  As used in this chapter, “dwelling unit” means the dwelling unit that the household occupies, or another dwelling unit not being purchased by its existing tenant within the same rental housing development or mobilehome park. “Dwelling unit” includes a space in a mobilehome park, as defined in Section 18214, and includes a mobilehome rented with the space. “Dwelling unit” also includes factory-built housing, as defined by Section 19971, whether the household occupied that factory-built housing or other factory-built housing in the same rental housing development or mobilehome park. (Amended by Stats. 1984, Ch. 1406, Sec. 4.5. Effective September 26, 1984.)
CA Health & Safety Code § 50775.5 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 2 - DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT|CHAPTER 10 - Homeownership Assistance|Section 50775.5.

50775.5.  For the purposes of disaster relief to those households displaced as a result of the Anaheim fire resulting in a state of emergency proclaimed on April 23, 1982, by the Governor, pursuant to Section 8625 of the Government Code, financial assistance may be provided to displaced Anaheim residents as prescribed in this chapter, consistent with the following exceptions:(a)  Condominium, planned development, as defined in Section 11003 of the Business and Professions Code, or stock cooperative units to be purchased with state financial assistance may include existing condominium, planned development, or cooperative units. (b)  Households receiving state assistance to purchase condominium, planned development, or cooperative units need not have resided in such units prior to the purchase thereof. (c)  Eligibility for state financial assistance shall be limited to households which have incomes no greater than 150 percent of the median for the county. (d)  The housing assisted by this section shall not be governed by the percentage requirements in Section 50778, nor shall units assisted pursuant to this section be used in determining compliance with the percentage requirements contained in Section 50778. (e)  Any rule, policy, or standard of general application employed by the department in implementing the provisions of this section shall not be subject to the requirements of the Administrative Procedure Act, Chapter 3.5 (commencing with Section 11340) of Part 1 of Division 3 of Title 2 of the Government Code. Any repayment of funds originating from the Homeownership Assistance Fund allocated pursuant to this section shall be utilized by the department pursuant to this chapter.The provisions of Sections 14 and 15 of Chapter 312 of the Statutes of 1982 shall be applicable to this section as amended by the Statutes of 1983.(Amended by Stats. 1983, Ch. 13, Sec. 2. Effective April 7, 1983.)
CA Health & Safety Code § 50778 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 2 - DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT|CHAPTER 10 - Homeownership Assistance|Section 50778.

50778.  (a)  The Homeownership Assistance Fund is hereby created in the State Treasury and, notwithstanding Section 13340 of the Government Code, is continually appropriated to the department for purposes of this chapter, including Section 50775.5, and for the purposes of Section 50745.1. Any moneys received by the department pursuant to this chapter shall be deposited in such fund. All interest or other increment resulting from investment or deposit of moneys in the fund shall be deposited in the fund, notwithstanding Section 16305.7 of the Government Code. Moneys in the fund shall not be subject to transfer to any other fund pursuant to any provisions of Part 2 (commencing with Section 16300) of Division 4 of Title 2 of the Government Code, excepting the Surplus Money Investment Fund. (b)  Not less than 50 percent of the moneys in the fund shall be used to assist lower income households. Not less than 20 percent of the units assisted shall be in rural areas. (c)  Funds available for the purpose of this chapter shall be allocated by the department throughout the state in accordance with identified housing needs. (d)  (1)  Notwithstanding any other provision of law, commencing on July 1, 1992, the department shall not be required to make loans pursuant to this chapter. (2)  The department may retain within the fund moneys necessary for administration and monitoring of loans made prior to July 1, 1992, to make loans pursuant to loan commitments made prior to July 1, 1992. The department may also retain reserves for curing or averting a default that would jeopardize any security interest of the department. (3)  Notwithstanding any other provision of law, on or after July 1, 1996, the unencumbered fund balance and reserves shall be transferred to the Housing Rehabilitation Loan Fund. Subsequent income and resources shall be deposited to the Housing Rehabilitation Loan Fund. (Amended by Stats. 1996, Ch. 201, Sec. 22. Effective July 22, 1996.)
CA Health & Safety Code § 50780 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 2 - DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT|CHAPTER 11 - Mobilehome Park Purchase Fund|Section 50780.

50780.  (a)  The Legislature finds and declares as follows: (1)  That manufactured housing and mobilehome parks provide a significant source of homeownership for California residents, but increasing costs of mobilehome park development and construction, combined with the costs of manufactured housing, the costs of financing and operating these parks, the low vacancy rates, and the pressures to convert mobilehome parks to other uses increasingly render mobilehome park living unaffordable, particularly to those residents most in need of affordable housing. (2)  That state government can play an important role in addressing the problems confronted by mobilehome park residents by providing supplemental financing that makes it possible for mobilehome park residents to acquire the mobilehome parks in which they reside and convert them to resident ownership. (3)  That a significant number of older mobilehome parks exist in California, the residents of which may collectively lack the experience or other qualifications necessary to successfully own and operate their parks; that these parks provide low-cost housing for their residents that would be difficult to replace if the parks were converted to other uses; that these parks are more likely than other parks to be threatened by physical deterioration or conversion to other uses; and that it is, therefore, appropriate to use the resources of the fund pursuant to this chapter to transfer these parks to ownership by qualified nonprofit housing sponsors or by local public entities for the purpose of preserving them as affordable housing. (b)  Therefore, it is the intent of the Legislature, in enacting this chapter, to encourage and facilitate the conversion of mobilehome parks to resident ownership or ownership by qualified nonprofit housing sponsors or by local public entities, to protect low-income mobilehome park residents from both physical and economic displacement, to obtain a high level of private and other public financing for mobilehome park conversions, and to help establish acceptance for resident-owned, nonprofit-owned, and government-owned mobilehome parks in the private market. (Amended by Stats. 1999, Ch. 473, Sec. 1. Effective January 1, 2000.)
CA Health & Safety Code § 50782 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 2 - DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT|CHAPTER 11 - Mobilehome Park Purchase Fund|Section 50782.

50782.  (a) The Mobilehome Park Rehabilitation and Purchase Fund is hereby created in the State Treasury and, notwithstanding Section 13340 of the Government Code or any other law, is continuously appropriated to the department for the purpose of providing loans pursuant to this chapter and for related administrative costs of the department. Notwithstanding Section 16305.7 of the Government Code, any moneys received by the department pursuant to this chapter, and any other sources, repayments, interest, or new appropriations, shall be deposited in the fund. Except as described in subdivision (b), moneys in the fund shall not be subject to transfer to any other fund pursuant to any provision of Part 2 (commencing with Section 16300) of Division 4 of Title 2 of the Government Code, except the Surplus Money Investment Fund. The department may require the transfer of moneys in the fund to the Surplus Money Investment Fund for investment pursuant to Article 4 (commencing with Section 16470) of Chapter 3 of Part 2 of Division 4 of Title 2 of the Government Code. Notwithstanding Section 16305.7 of the Government Code, all interest, dividends, and pecuniary gains from the investments shall accrue to the fund.(b) Notwithstanding any other law, the Controller may use the moneys in the Mobilehome Park Rehabilitation and Purchase Fund for loans to the General Fund as provided in Sections 16310 and 16381 of the Government Code. However, interest shall be paid on all moneys loaned to the General Fund from the Mobilehome Park Rehabilitation and Purchase Fund. Interest payable shall be computed at a rate determined by the Pooled Money Investment Board to be the current earning rate of the fund from which loaned. This subdivision does not authorize any transfer that will interfere with the carrying out of the object for which the fund was created.(Amended by Stats. 2014, Ch. 493, Sec. 3. (AB 225) Effective September 20, 2014.)
CA Health & Safety Code § 50783 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 2 - DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT|CHAPTER 11 - Mobilehome Park Purchase Fund|Section 50783.

50783.  (a) The department may make loans from the fund to resident organizations for the purpose of financing mobilehome park conversion costs.(b) Loans provided pursuant to this section shall be for a term of no more than three years and shall bear interest at a rate of 3 percent per annum, unless the department finds that a lower interest rate is necessary and will not jeopardize the financial stability of the fund.(c) Loans provided pursuant to this section shall be for the minimum amount necessary to enable a resident organization to acquire and convert the mobilehome park. To the extent possible, the loan amount shall not exceed 50 percent of the approved conversion costs. However, the loan amount may be for up to 95 percent of the approved conversion costs attributable to the low-income households in the park when approved by the department.(d) The department may grant approval to exceed 50 percent of the approved conversion costs only if both of the following are demonstrated:(1) That the applicant has made an effort to secure additional funds from other sources and these funds are not available.(2) That the project would not be feasible, as determined by the department, without a waiver of the 50-percent financing limitation.(e) The total secured debt in a superior position to the department’s loan plus the department’s loan shall not exceed the value of the collateral securing the loan.(Amended by Stats. 2012, Ch. 558, Sec. 1. (AB 1797) Effective January 1, 2013.)