reglab/housing_qa huggingface dataset:
CA Health & Safety Code § 52062 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 5 - LOCAL HOUSING FINANCE AGENCIES|CHAPTER 6 - California Housing Finance Agency Assistance in Issuing City and County Revenue Bonds for Home Mortgages|Section 52062.

52062.  Any agreement made pursuant to Section 52061 shall contain provisions doing all of the following:(a)  Limiting the maximum amount of bonds to be issued by a city or county. (b)  Requiring that the city, or county, or each city and county that is a party to the agreement, not issue additional bonds for home mortgage loans within a period of three years from the date of the bonds issued pursuant to the agreement, or until all of the proceeds of those bonds have been used to make home mortgage loans, without the express written consent of the agency. (c)  Requiring that all bonds and any prospectus in connection with those bonds contain a legend condition to the following effect: “Neither the faith and credit of the State of California or the agency nor the taxing power of the state is pledged to the payment of principal or interest on this bond.” (d)  Requiring agency approval of the bond counsel of the city or county, or the bond counsel of each city and county that is a party to the agreement. (e)  Designating, consistent with the agency’s program for financing residential structures of four units or less authorized by Article 2 (commencing with Section 51125) of Chapter 5 of Part 3 and the regulations adopted pursuant thereto, maximum sales prices of homes, maximum loan amounts for home mortgages involving rehabilitation and refinancing, borrower eligibility criteria, geographic areas where loans can be made, insurance requirements, the minimum percentage of bond proceeds to be utilized for home mortgages involving new construction and rehabilitation and the amount to be allocated to a bond reserve fund. (Amended by Stats. 1996, Ch. 833, Sec. 14. Effective January 1, 1997.)
CA Health & Safety Code § 52063 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 5 - LOCAL HOUSING FINANCE AGENCIES|CHAPTER 6 - California Housing Finance Agency Assistance in Issuing City and County Revenue Bonds for Home Mortgages|Section 52063.

52063.  Any agreement pursuant to Section 52061 may provide any or all of the following:(a)  That the agency will provide, either directly or through agency approved lending institutions, for the origination and servicing of home mortgage loans. (b)  For the payment of fees and expenses in connection with the issuing of bonds. (c)  For any matter described in Section 51355 relating to agency bonds. (Added by Stats. 1980, Ch. 1141.)
CA Health & Safety Code § 52064 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 5 - LOCAL HOUSING FINANCE AGENCIES|CHAPTER 6 - California Housing Finance Agency Assistance in Issuing City and County Revenue Bonds for Home Mortgages|Section 52064.

52064.  Subject only to the other provisions of this chapter and to any agreement between the agency and city or county, the provisions of Chapter 4 (commencing with Section 52030) shall be applicable to any issuer and to any bonds issued pursuant to the authority of this chapter.(Added by Stats. 1980, Ch. 1141.)
CA Health & Safety Code § 52065 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 5 - LOCAL HOUSING FINANCE AGENCIES|CHAPTER 6 - California Housing Finance Agency Assistance in Issuing City and County Revenue Bonds for Home Mortgages|Section 52065.

52065.  Bonds issued pursuant to this chapter shall not be deemed issues of the agency for any purpose, including being counted within any calculation of the agency’s bonding authority limitations now or hereafter established by law.(Added by Stats. 1980, Ch. 1141.)
CA Health & Safety Code § 52066 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 5 - LOCAL HOUSING FINANCE AGENCIES|CHAPTER 6 - California Housing Finance Agency Assistance in Issuing City and County Revenue Bonds for Home Mortgages|Section 52066.

52066.  Bonds of more than one city or county may be pooled for purposes of issuance and bond proceeds, reserved or other security for the bonds, including, but not limited to, loan or loan participation, made or derived from bond proceeds, may likewise be pooled to secure the issuance of any such bonds.(Added by Stats. 1980, Ch. 1141.)
CA Health & Safety Code § 52100 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 5 - LOCAL HOUSING FINANCE AGENCIES|CHAPTER 8 - Loans to Tax-Exempt Organizations|Section 52100.

52100.  The Legislature hereby finds and declares that it would be beneficial to empower counties and cities to issue tax-exempt revenue bonds for the purpose of lending the proceeds to nonprofit organizations exempt from federal income taxation pursuant to Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (26 U.S.C. Sec. 501(c)(3)), for the housing purposes specified in Section 52101.(Added by Stats. 1988, Ch. 1610, Sec. 4.)
CA Health & Safety Code § 52101 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 5 - LOCAL HOUSING FINANCE AGENCIES|CHAPTER 8 - Loans to Tax-Exempt Organizations|Section 52101.

52101.  A city or county may issue bonds to provide funds to be loaned by the city or county to nonprofit organizations exempt from federal income taxation under Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (26 U.S.C. Sec. 501(c)(3)), for use by the organization to finance the acquisition, construction, rehabilitation, refinancing, or development of multifamily rental housing, including mobilehome parks that are or will be nonprofit or cooperatively-owned, or both, in which residents rent spaces and either rent or own the mobilehomes occupying these spaces, to provide housing within the territorial jurisdiction of the city or county in accordance with the organization’s tax-exempt purposes under that federal law. The bonds shall be issued so as to satisfy the requirements of Section 145 of the Internal Revenue Code of 1986, as amended (26 U.S.C. Sec. 145).(Amended by Stats. 1996, Ch. 27, Sec. 9. Effective April 8, 1996.)
CA Health & Safety Code § 52103 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 5 - LOCAL HOUSING FINANCE AGENCIES|CHAPTER 8 - Loans to Tax-Exempt Organizations|Section 52103.

52103.  A city or county may, in conjunction with the financing of multifamily rental housing pursuant to this chapter, finance the acquisition of commercial property for lease, subject to all of the following conditions:(a)  No more than 10 percent of the proceeds of any revenue bonds issued pursuant to this chapter may be used to acquire the commercial property for lease. (b)  The commercial property acquired will be located on the same parcel or on a parcel adjacent to a multifamily rental housing development. (c)  As a condition of the financing, any lease payments collected in excess of payments necessary for debt service, operating expenses, and any required reserves related to such property, shall be used to reduce rents on units reserved for occupancy by lower income households and very low income households in a multifamily rental housing development. (Added by Stats. 1988, Ch. 1610, Sec. 4.)
CA Health & Safety Code § 52104 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 5 - LOCAL HOUSING FINANCE AGENCIES|CHAPTER 8 - Loans to Tax-Exempt Organizations|Section 52104.

52104.  Whenever a complaint is received concerning a violation of the restrictions imposed pursuant to Section 52102, the city or county shall investigate promptly and make a report to the complaining party on whether the violation existed and whether it persists, and if it persists, what action the city or county will take to remedy the violation. When the city or county determines that a violation exists, whether determined upon an investigation of a complaint or on its own motion, the city or county shall take all appropriate action, including necessary legal action, to promptly eliminate the violation.Notwithstanding other provisions of this section, any person aggrieved by a violation of the restrictions imposed pursuant to Section 52102 may seek a judicial remedy without regard to whether a complaint has been made to the city or county or whether the city or county is then taking any action to remedy the violation.(Added by Stats. 1988, Ch. 1610, Sec. 4.)
CA Health & Safety Code § 52105 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 5 - LOCAL HOUSING FINANCE AGENCIES|CHAPTER 8 - Loans to Tax-Exempt Organizations|Section 52105.

52105.  For the purposes of this chapter, a city or county shall have the power to issue its bonds to defray, in whole or in part, the costs of studies and surveys, insurance premiums, underwriting fees, and legal, accounting, and marketing services incurred in connection with the issuance and sale of bonds pursuant to this chapter, including bond and mortgage reserve accounts; trustee, custodian, and rating agency fees, and any other costs which are reasonably related to the foregoing.(Added by Stats. 1988, Ch. 1610, Sec. 4.)
CA Health & Safety Code § 52106 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 5 - LOCAL HOUSING FINANCE AGENCIES|CHAPTER 8 - Loans to Tax-Exempt Organizations|Section 52106.

52106.  (a)  Bonds issued pursuant to this chapter shall be repayable solely from payments of principal and interest on account of the loans funded thereby. The issuing city or county may pledge all or any portion of these payments to secure the bonds. (b)  Neither the members of the governing body of the issuing city or county nor any person executing the bonds shall be personally liable on the bonds or be subject to any personal liability or accountability by reason of the issuance thereof. (c)  The exercise of the powers granted by this chapter shall be in all respects for the benefit of the people of this state and for their health and welfare. Any bonds issued under this chapter, their transfer, and income therefrom shall at all times be free from taxation of every kind by the state and by the municipalities and political subdivisions of the state, except estate taxes. (d)  This chapter provides an alternative method for issuing bonds and lending moneys for acquisition, construction, rehabilitation, refinancing, or development of multifamily rental housing by private nonprofit organizations exempt from federal income taxation pursuant to Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (26 U.S.C. Sec. 501(c)(3)). (Amended by Stats. 1996, Ch. 27, Sec. 10. Effective April 8, 1996.)
CA Health & Safety Code § 52500 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 6 - CALIFORNIA FIRST-TIME HOME BUYERS|CHAPTER 1 - General Provisions|Section 52500.

52500.  This part shall be known and may be cited as the Cal-First Home Buyers Act.(Added by Stats. 1982, Ch. 320, Sec. 12. Effective June 29, 1982.)
CA Health & Safety Code § 52501 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 6 - CALIFORNIA FIRST-TIME HOME BUYERS|CHAPTER 1 - General Provisions|Section 52501.

52501.  This part shall be administered by the California Housing Finance Agency and all of the provisions of Part 3 (commencing with Section 50900) which are not inconsistent with the provisions of this part shall apply to the agency and its administration of this part.(Added by Stats. 1982, Ch. 320, Sec. 12. Effective June 29, 1982.)
CA Health & Safety Code § 52502 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 6 - CALIFORNIA FIRST-TIME HOME BUYERS|CHAPTER 1 - General Provisions|Section 52502.

52502.  The First-Time Home Buyers Policy Committee is hereby created within the agency for the purpose of exercising those powers and responsibilities of the agency as specifically set forth in this division and, in the exercise of those powers and responsibilities, the acts of the policy committee shall be the acts of the agency.The members of the policy committee shall be subject to the provisions of Part 3 (commencing with Section 50900) in the same manner as members of the board of directors of the agency.(Added by Stats. 1982, Ch. 320, Sec. 12. Effective June 29, 1982.)
CA Health & Safety Code § 52503 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 6 - CALIFORNIA FIRST-TIME HOME BUYERS|CHAPTER 1 - General Provisions|Section 52503.

52503.  The policy committee is comprised of five voting members, including a chairperson. The members shall be:(a)  The State Treasurer, or his or her designee, who shall be the chairperson of the policy committee. (b)  The chairperson of the board appointed pursuant to Section 50901. (c)  The board member appointed by the Governor pursuant to subdivision (b) of Section 50902. (d)  Both of the board members appointed pursuant to subdivisions (h) and (i) of Section 50902. If the chairperson of the board and the person appointed to serve under subdivision (c) is the same individual, then the fifth voting member of the policy committee shall be the board member appointed by the Governor to the board pursuant to subdivision (d) of Section 50902.If there is no person on the board appointed to serve under subdivision (c), the Governor shall appoint a person to the policy committee who would have qualified in that capacity and such appointee shall serve for a six-year term and shall be subject to confirmation by the Senate.The Director of Finance and the executive director of the agency shall serve as nonvoting, ex officio members of the policy committee.(Added by Stats. 1982, Ch. 320, Sec. 12. Effective June 29, 1982.)
CA Health & Safety Code § 52504 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 6 - CALIFORNIA FIRST-TIME HOME BUYERS|CHAPTER 1 - General Provisions|Section 52504.

52504.  The First-Time Home Buyers Fund is hereby created in the State Treasury. All money in the fund is hereby continuously appropriated to the agency for carrying out the purposes of this part, and the application of the fund shall be subject to the provisions of Section 51000, or other applicable provisions of law. The agency may pledge any or all of the moneys in the fund as security for payment of the principal of, and interest on, and redemption premiums on, bonds issued pursuant to this part, and for such purpose or as necessary or convenient to the accomplishment of any other purpose of the agency pursuant to this part, may divide the fund into separate accounts. All moneys accruing to the agency pursuant to this part from whatever source shall be deposited in the fund.(Added by Stats. 1982, Ch. 320, Sec. 12. Effective June 29, 1982.)
CA Health & Safety Code § 52505 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 6 - CALIFORNIA FIRST-TIME HOME BUYERS|CHAPTER 1 - General Provisions|Section 52505.

52505.  In addition to the purposes of the agency provided in Sections 50154 and 50950, a purpose and role of the agency is to make financing opportunities available to first-time home buyers in this state, in the manner provided in this part.(Added by Stats. 1982, Ch. 320, Sec. 12. Effective June 29, 1982.)
CA Health & Safety Code § 52506 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 6 - CALIFORNIA FIRST-TIME HOME BUYERS|CHAPTER 1 - General Provisions|Section 52506.

52506.  The agency shall have the power to adopt, and from time to time to amend and repeal, by action of the policy committee, rules and regulations, not inconsistent with the provisions of this part, to carry into effect the powers and purposes of the agency pursuant to this part and the conduct of its business. Rules and regulations of the agency shall be adopted, amended, repealed, and published in accordance with the provisions of Chapter 3.5 (commencing with Section 11340) of Part 1 of Division 3 of Title 2 of the Government Code.(Added by Stats. 1982, Ch. 320, Sec. 12. Effective June 29, 1982.)
CA Health & Safety Code § 52510 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 6 - CALIFORNIA FIRST-TIME HOME BUYERS|CHAPTER 2 - Buy-Down Mortgage Plan|Section 52510.

52510.  The agency may contract with qualified mortgage lenders with respect to mortgage loans qualified under this part to pay to such lenders, subject to the provisions of Section 52513, a sum of money as consideration for a reduction of the effective interest cost to the purchaser of an owner-occupied housing unit below market interest rates.The buy-down mortgage program conducted under this part may be applicable to and include mortgage revenue bond financed programs. With respect to mortgage revenue bond financed programs, “market interest rate” means the effective mortgage interest rate to the borrower without the buy-down authorized by this part.(Added by Stats. 1982, Ch. 320, Sec. 12. Effective June 29, 1982.)
CA Health & Safety Code § 52511 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 6 - CALIFORNIA FIRST-TIME HOME BUYERS|CHAPTER 2 - Buy-Down Mortgage Plan|Section 52511.

52511.  The agency may make commitments to qualified mortgage lenders to make contracts for buy-down mortgage plans which conform to this part.The agency may require the payment to the agency of a commitment fee to cover agency costs in extending such commitments and associated administrative costs, except that the total of commitment fees pursuant to this section and the projected recovery of administrative costs pursuant to Sections 52512 and 52514 shall not exceed the costs reasonably expected, in a prudent manner, to be incurred by the agency in the implementation of this part.Commitments shall be made by the agency, acting through the policy committee, in a manner to best serve the purposes of this part and the interests of the first-time home buyer in the various geographical areas of this state, in varying forms of ownership where feasible, and including purchase of previously occupied housing, existing but not previously occupied housing, and housing to be constructed (with preference to housing which can be marketable within three months of the date of the commitment).(Added by Stats. 1982, Ch. 320, Sec. 12. Effective June 29, 1982.)
CA Health & Safety Code § 52512 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 6 - CALIFORNIA FIRST-TIME HOME BUYERS|CHAPTER 2 - Buy-Down Mortgage Plan|Section 52512.

52512.  The mortgage loan by a qualified mortgage lender for which a buy-down contract may be executed by the agency shall be in such form as determined by the regulations of the agency adopted by the policy committee. Such a loan shall be for a term of not less than six years or more than 30 years, but the repayments of principal and interest on such loan may be scheduled to provide for amortization in 30 years subject to a balloon payment at the end of the loan term. Such loan shall bear a fixed interest rate yield to the qualified mortgage lender which shall not exceed market interest as determined under Section 50080, except that the interest charged to the borrower may be on a graduated payment schedule as authorized in Section 52513. A qualified mortgage lender may charge to the borrower such initiation fees, points, or other charges approved by the agency, by regulation adopted by the policy committee, or otherwise, which may include administrative costs for the agency.Any such loan by a qualified mortgage lender shall not exceed 90 percent of the appraised value of the property under standards applicable to that lender. A qualified mortgage lender shall agree to notify the agency of any default on the loan. The agency assumes no responsibility to the qualified mortgage lender, except for the contracted payment for the buy-down.(Added by Stats. 1982, Ch. 320, Sec. 12. Effective June 29, 1982.)
CA Health & Safety Code § 52513 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 6 - CALIFORNIA FIRST-TIME HOME BUYERS|CHAPTER 2 - Buy-Down Mortgage Plan|Section 52513.

52513.  The terms of the contract with a qualified mortgage lender for the buy-down mortgage plan shall be established by regulations of the agency adopted by the policy committee. Payments to a qualified mortgage lender under such contract shall not exceed the capitalized cost to the lender of the difference between market interest and the effective interest rate to the borrower under the buy-down program, plus any reasonable and demonstrated administrative costs, and provision shall be made for return by that lender to the agency, for credit against the borrower’s note obtained by the agency pursuant to Section 52514, of any sums used to purchase a buy-down of the effective interest to the borrower on the mortgage loan and which have been unearned by the lender by virtue of prepayment of the mortgage loan for any reason, prior to the termination of the buy-down period. The buy-down program shall not result in an effective interest rate to the borrower which is more than 5 percent below market interest and such effective rate to the borrower, or monthly payment by the borrower, shall be adjusted annually in equal increments until, at the end of the sixth year, it is equal to market interest as determined at the initiation of the loan, and may, as determined by regulations of the agency adopted by the policy committee, exceed market interest in ensuing years in such amount as is necessary to amortize the security interest of the agency as provided in Section 52514, if the agency determines pursuant to Section 52514 that the term of the note and security interest securing the agency’s participation is extended beyond the sixth year.(Added by Stats. 1982, Ch. 320, Sec. 12. Effective June 29, 1982.)