reglab/housing_qa huggingface dataset:
CA Health & Safety Code § 50954 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 3 - CALIFORNIA HOUSING FINANCE AGENCY|CHAPTER 2 - Purposes and General Provisions|Section 50954.

50954.  The exercise of the powers specified in this division will be in all respects for the benefit of the people of the state, for their well-being and prosperity, and for the improvement of their social and economic conditions, and the agency shall not be required to pay any tax or assessment on any property owned by the agency under the provisions of this division or upon the income therefrom. Any bonds issued by the agency under the provisions of this division, their transfer, and the income therefrom shall at all times be free from taxation by the state or any political subdivision or other instrumentality of the state, excepting inheritance and gift taxes.(Amended by Stats. 1987, Ch. 1034, Sec. 20.)
CA Health & Safety Code § 50956 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 3 - CALIFORNIA HOUSING FINANCE AGENCY|CHAPTER 2 - Purposes and General Provisions|Section 50956.

50956.  It shall be the policy of the agency to coordinate its activities with the department. It shall be the policy of the agency to conduct its operations so as to be fiscally self-sufficient and so as not to require appropriations from the General Fund for payment of its administrative costs or to service bonds of the agency.(Added by Stats. 1977, Ch. 610.)
CA Health & Safety Code § 50957 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 3 - CALIFORNIA HOUSING FINANCE AGENCY|CHAPTER 2 - Purposes and General Provisions|Section 50957.

50957.  No development or construction loan shall be made pursuant to this part if the agency determines that the making of such a loan would result in the permanent loss of a subsidy or a reduction in future subsidies due to the failure of the agency to use currently available subsidies.(Added by Stats. 1977, Ch. 610.)
CA Health & Safety Code § 50958 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 3 - CALIFORNIA HOUSING FINANCE AGENCY|CHAPTER 2 - Purposes and General Provisions|Section 50958.

50958.  Mortgage loans made pursuant to this part to housing sponsors, other than local public entities and nonprofit housing sponsors of rental and cooperative housing developments, shall not exceed 95 percent of the development costs of the housing development for which the loan is made. Loans made pursuant to this part to local public entities and nonprofit housing sponsors shall in no event exceed 100 percent of development costs.(Amended by Stats. 1981, Ch. 1031.)
CA Health & Safety Code § 50959 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 3 - CALIFORNIA HOUSING FINANCE AGENCY|CHAPTER 2 - Purposes and General Provisions|Section 50959.

50959.  This division is intended to benefit purchasers and residents of housing developments who are persons and families of low or moderate income and shall be liberally construed to allow such persons to initiate civil actions and to enforce rights, duties and benefits under this division and regulations adopted pursuant to this division; provided however, this section shall not limit, modify or restrict the standing of other persons to initiate civil actions by reason of the action or inaction of the agency, department or commission; and provided further that this section shall not authorize any action contesting or affecting the validity or enforceability of any bonds or insurance issued under this division or of any of the proceedings of, or actions taken by, the agency relative to such bonds or insurance.(Amended by Stats. 1979, Ch. 96.)
CA Health & Safety Code § 50960 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 3 - CALIFORNIA HOUSING FINANCE AGENCY|CHAPTER 2 - Purposes and General Provisions|Section 50960.

50960.  A loan document for a loan that is not secured by real property and is made to a person, not including a firm, association, partnership, organization, corporation, limited liability company, or other group, however formed, shall state that the loan is a recourse obligation and that the personal property of the borrower may be subject to or sold pursuant to a lien in order to pay the obligation.(Added by Stats. 2000, Ch. 553, Sec. 4. Effective January 1, 2001.)
CA Health & Safety Code § 50961 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 3 - CALIFORNIA HOUSING FINANCE AGENCY|CHAPTER 2 - Purposes and General Provisions|Section 50961.

50961.  It shall be the policy of the agency to encourage housing location in public transit corridors so that residents may have convenient access to public transportation services.(Added by Stats. 1978, Ch. 1351.)
CA Health & Safety Code § 50962 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 3 - CALIFORNIA HOUSING FINANCE AGENCY|CHAPTER 2 - Purposes and General Provisions|Section 50962.

50962.  The same notice requirements as specified in Section 65863.10 of the Government Code shall apply to rental housing developments that receive financial assistance pursuant to this part.(Added by Stats. 1988, Ch. 1563, Sec. 5.)
CA Health & Safety Code § 51000 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 3 - CALIFORNIA HOUSING FINANCE AGENCY|CHAPTER 3 - Financial Provisions|Section 51000.

51000.  The California Housing Finance Fund is hereby created in the State Treasury.Construction loan funds may be transferred to the construction lender or to the contractor as necessary to meet draws for progress payments pursuant to rules and regulations of the agency.Notwithstanding Section 13340 of the Government Code, all money in the fund is hereby continuously appropriated to the agency for carrying out the purposes of this part, and, notwithstanding Chapter 2 (commencing with Section 12850) of Part 2.5 of Division 3 of Title 2 of the Government Code, or the provisions of Sections 11032 and 11033 of the Government Code, and except as provided in this part, expenditure of the fund shall not be subject to the supervision or approval of any other officer or division of state government. However, the agency’s budget shall be reviewed as provided in Section 50913. 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 that purpose or as necessary or convenient to the accomplishment of any other purpose of the agency, 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.(Amended by Stats. 1987, Ch. 1034, Sec. 21.)
CA Health & Safety Code § 51000.1 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 3 - CALIFORNIA HOUSING FINANCE AGENCY|CHAPTER 3 - Financial Provisions|Section 51000.1.

51000.1.  Notwithstanding any other provision of law, except as provided in Section 51000.3, no officer or division of state government shall transfer any sums of money from any fund or account of the agency, except as may be ordered or authorized by either of the following:(a)  The executive director of the agency or his or her designee. (b)  The designated trustee, pursuant to authority contained in appropriate adopted resolutions pertaining to notes or bonds issued by the agency. (Amended by Stats. 2000, Ch. 471, Sec. 19. Effective January 1, 2001.)
CA Health & Safety Code § 51000.3 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 3 - CALIFORNIA HOUSING FINANCE AGENCY|CHAPTER 3 - Financial Provisions|Section 51000.3.

51000.3.  Section 51000.1 does not supersede any provision of Article 2 (commencing with Section 11270) of Chapter 3 of Division 3 of Title 2 of the Government Code.(Added by Stats. 1979, Ch. 1115.)
CA Health & Safety Code § 51000.4 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 3 - CALIFORNIA HOUSING FINANCE AGENCY|CHAPTER 3 - Financial Provisions|Section 51000.4.

51000.4.  Upon cessation of all agency operations and settlement of all obligations and debts, all assets of the California Housing Finance Agency, including those in all accounts and funds of the agency, whether established by statute or otherwise, shall revert to the General Fund.(Added by Stats. 1981, Ch. 997.)
CA Health & Safety Code § 51001 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 3 - CALIFORNIA HOUSING FINANCE AGENCY|CHAPTER 3 - Financial Provisions|Section 51001.

51001.  Pursuant to any agreements with the holders of particular bonds pledging any particular assets, revenues, or moneys, the agency may create separate accounts in the fund to manage assets, revenues, or moneys in the manner set forth in such agreements.(Added by Stats. 1977, Ch. 610.)
CA Health & Safety Code § 51002 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 3 - CALIFORNIA HOUSING FINANCE AGENCY|CHAPTER 3 - Financial Provisions|Section 51002.

51002.  Subject to any agreements with holders of particular bonds, revenue derived pursuant to this part from property improvement loans and mortgage loans shall be deposited in a special account, which shall be used exclusively for the amortization of debt and the protection of the underlying security, until current debt service and reserves are funded.(Amended by Stats. 1979, Ch. 1207.)
CA Health & Safety Code § 51003 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 3 - CALIFORNIA HOUSING FINANCE AGENCY|CHAPTER 3 - Financial Provisions|Section 51003.

51003.  The agency shall, from time to time, direct the Treasurer to invest moneys in the fund which are not required for its current needs, including proceeds from the sale of any bonds, in any eligible securities specified in Section 16430 of the Government Code which the agency shall designate. The agency may direct the Treasurer to invest the moneys by entering into repurchase agreements or reverse repurchase agreements, which, for purposes of this section, shall mean agreements for the purchase or sale of eligible securities pursuant to which the seller or buyer agrees to repurchase or sell back the securities on or before a specified date and for a specified amount. The agency may direct the Treasurer to invest the moneys in investment agreements with corporations, financial institutions, or national associations within the United States which are rated by a nationally recognized rating service within the top three ratings of the service. For purposes of this section, investment agreements shall mean any agreement for the investment of moneys in the fund whether at fixed or variable interest rates, and may include, but not be limited to, repurchase agreements, notes, uncollateralized time deposits and certificates of deposit. The agency may direct the Treasurer to deposit moneys in interest-bearing accounts in state or national banks or other financial institutions having principal offices in this state.Subject to any agreement with holders of particular bonds, in furtherance of the provisions of Section 51373, and to the extent permitted by law, the agency may also invest moneys of the fund in obligations or financial institutions as are permitted by board resolution. The agency may alternatively 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.All interest or other increment resulting from such investment or deposit 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 provision of Part 2 (commencing with Section 16300) of Division 4 of Title 2 of the Government Code, excepting the Surplus Money Investment Fund.(Amended by Stats. 1987, Ch. 1034, Sec. 22.)
CA Health & Safety Code § 51004 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 3 - CALIFORNIA HOUSING FINANCE AGENCY|CHAPTER 3 - Financial Provisions|Section 51004.

51004.  The agency may utilize moneys which may be appropriated to the fund from time to time by the Legislature for effectuating its purposes, including, but not limited to, the establishment of reserves or contingency funds to be available for payments on the principal, interest, redemption premium, and sinking funds of any bonds of the agency and the direct payment of principal, interest, redemption premium, and sinking funds on the bonds of the agency.(Amended by Stats. 1987, Ch. 1034, Sec. 23.)
CA Health & Safety Code § 51004.5 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 3 - CALIFORNIA HOUSING FINANCE AGENCY|CHAPTER 3 - Financial Provisions|Section 51004.5.

51004.5.  On or before May 1 of each year, commencing in 1980, the agency shall submit to the Legislature and the Governor, an annual plan for using its revenue bonding authority for the succeeding fiscal year consistent with meeting the legislative goals and requirements for the agency, including requirements relating to units made available in each of its programs or proposed programs for low and very low income households, the allocations between elderly and family households, and requirements relating to units for new construction and substantial rehabilitation. The agency shall review and update each annual plan on a quarterly basis. The agency’s ability to implement the plan shall be reported in the annual report required by Section 51005.(Added by Stats. 1979, Ch. 960.)
CA Health & Safety Code § 51006 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 3 - CALIFORNIA HOUSING FINANCE AGENCY|CHAPTER 3 - Financial Provisions|Section 51006.

51006.  The executive director of the agency shall immediately certify in writing to the Joint Legislative Audit Committee, the Joint Legislative Budget Committee, the Speaker of the Assembly, the Senate Rules Committee, and the Governor, if the agency is notified by the trustee in writing that moneys of the agency will not be sufficient to meet principal payments, sinking fund payments, and interest payments on bonds authorized under this part and to restore and maintain necessary bond reserve funds. However, certification pursuant to this section need not be made unless this insufficiency will result in an event of default under the respective bond resolution authorizing the bonds.(Amended by Stats. 1987, Ch. 1034, Sec. 25.)
CA Health & Safety Code § 51007 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 3 - CALIFORNIA HOUSING FINANCE AGENCY|CHAPTER 3 - Financial Provisions|Section 51007.

51007.  Subject to any agreements with holders of particular bonds, all moneys available for carrying out the purposes of this part and declared by the agency to be surplus moneys which are not required to service or retire bonds issued on behalf of the agency, pay administrative expenses of the agency, accumulate necessary operating or loss reserves, or repay loans to the agency from the General Fund shall be used by the agency, with respect to existing housing developments, to provide special interest reduction programs, financial assistance for housing developments or subsidies for occupants or owners thereof, or counseling programs, as authorized by this division.(Added by Stats. 1977, Ch. 610.)
CA Health & Safety Code § 51050.1 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 3 - CALIFORNIA HOUSING FINANCE AGENCY|CHAPTER 4 - General Powers|Section 51050.1.

51050.1.  The agency may make loans to finance affordable housing, including residential structures, housing developments, multifamily rental housing, special needs housing, and other forms of housing permitted by this part.(Added by Stats. 2006, Ch. 748, Sec. 3. Effective January 1, 2007.)
CA Health & Safety Code § 51051 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 3 - CALIFORNIA HOUSING FINANCE AGENCY|CHAPTER 4 - General Powers|Section 51051.

51051.  The agency shall be a state representative for purposes of receiving and allocating financial aid and contributions from agencies of the federal government which are provided to the state or to the agency for the purpose of subsidizing housing for persons and families of low or moderate income and may utilize federal subsidies available to it in providing housing for persons and families of low or moderate income or for exercising any other of its powers. The agency shall have priority among all other units of state government for receipt of federal housing subsidies to the extent units financed under this part are eligible for such assistance.(Added by Stats. 1977, Ch. 610.)
CA Health & Safety Code § 51053 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 3 - CALIFORNIA HOUSING FINANCE AGENCY|CHAPTER 4 - General Powers|Section 51053.

51053.  The agency may make and execute contracts with qualified mortgage lenders for the initiation or servicing of mortgage loans, construction loans, property improvement loans, or development loans made or acquired by the agency pursuant to this part or for other services rendered to the agency. The agency may pay the reasonable value of services rendered to the agency pursuant to such contracts.(Amended by Stats. 1979, Ch. 1207.)
CA Health & Safety Code § 51054 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 3 - CALIFORNIA HOUSING FINANCE AGENCY|CHAPTER 4 - General Powers|Section 51054.

51054.  The agency may make or undertake commitments to make development loans, construction loans, mortgage loans, and property improvement loans to housing sponsors to finance housing developments, as provided in Chapter 5 (commencing with Section 51100) of this part.The agency may, in conjunction with a construction loan, set aside a reserve to provide improvement security required under subdivision (c) of Section 66462 and Chapter 5 (commencing with Section 66499) of Division 2 of Title 7 of the Government Code, which shall be in lieu of improvement security otherwise required by such provisions.(Amended by Stats. 1979, Ch. 1207.)
CA Health & Safety Code § 51055 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 3 - CALIFORNIA HOUSING FINANCE AGENCY|CHAPTER 4 - General Powers|Section 51055.

51055.  The agency may purchase and sell construction loans, mortgage loans, property improvement loans, obligations secured by these loans, insurance on these loans, and participation therein.(Amended by Stats. 1987, Ch. 1034, Sec. 27.)
CA Health & Safety Code § 51056 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 3 - CALIFORNIA HOUSING FINANCE AGENCY|CHAPTER 4 - General Powers|Section 51056.

51056.  Construction loans, mortgage loans, and property improvement loans made, purchased, assigned or serving as security for obligations or participations pursuant to this part shall be limited as to charges, interest, maximum loan amount, which shall be consistent with the purposes of this part.(Amended by Stats. 1979, Ch. 1207.)
CA Health & Safety Code § 51058 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 3 - CALIFORNIA HOUSING FINANCE AGENCY|CHAPTER 4 - General Powers|Section 51058.

51058.  (a)  The agency may renegotiate, refinance, foreclose, or contract for the foreclosure of, any mortgage in default and may waive any default or consent to the modification of the terms of any mortgage. With respect to housing developments, the agency shall require that mortgage servicing and foreclosure practices, including forbearance and recasting of mortgages in default, conform to agency policies or resolutions. (b)  The agency may commence any action to protect or enforce any right conferred upon it by any law, mortgage, contract, or other agreement and may bid for and purchase property sold in satisfaction thereof at any foreclosure or other sale or may otherwise acquire and take possession of that property. Subject to any agreement with bondholders, the agency may operate, manage, lease, dispose of, and otherwise deal with that property in such manner as may be necessary to protect the interest of the agency and the holders of its bonds. (Amended by Stats. 1997, Ch. 580, Sec. 27. Effective January 1, 1998.)
CA Health & Safety Code § 51058.5 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 3 - CALIFORNIA HOUSING FINANCE AGENCY|CHAPTER 4 - General Powers|Section 51058.5.

51058.5.  Notwithstanding any other provision of law, the agency is not required to promulgate rules and regulations in order to establish or operate a mortgage refinance program. Instead, that program may be established by the governing board of the agency through resolutions adopted by that board, and operated by the agency in accordance with resolutions adopted by the board. Those resolutions shall be exempt from 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).(Amended by Stats. 2011, Ch. 296, Sec. 168. (AB 1023) Effective January 1, 2012.)
CA Health & Safety Code § 51059 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 3 - CALIFORNIA HOUSING FINANCE AGENCY|CHAPTER 4 - General Powers|Section 51059.

51059.  The agency may procure insurance or coinsurance or guarantees from the federal government or from any governmental agency or instrumentality thereof, or from any private insurance company, of the payment of principal, redemption price of, and interest on any bonds issued by the agency. The agency may pay premiums on any such insurance.(Added by Stats. 1977, Ch. 610.)
CA Health & Safety Code § 51060 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 3 - CALIFORNIA HOUSING FINANCE AGENCY|CHAPTER 4 - General Powers|Section 51060.

51060.  The agency may, for services performed, charge and collect from housing sponsors and qualified mortgage lenders such fees and charges for the purpose of defraying administrative and other expenses as the agency may establish from time to time for its lending and mortgage-purchase programs.(Added by Stats. 1977, Ch. 610.)
CA Health & Safety Code § 51061 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 3 - CALIFORNIA HOUSING FINANCE AGENCY|CHAPTER 4 - General Powers|Section 51061.

51061.  The agency may sell or convey real property owned by the agency to persons and families of low or moderate income, nonprofit housing sponsors, and local public entities. Such sale or conveyance may be without consideration if the agency received the property upon condition that it be so conveyed or sold and if such sale or conveyance will inure primarily to the benefit of persons and families of low or moderate income living in a housing development.(Added by Stats. 1977, Ch. 610.)