California Code of Regulations › Title 25 - Housing and Community Development › Division 1 - Housing and Community Development › Chapter 7 - Department of Housing and Community Development Programs › Subchapter 13 - Mobile Home Park Resident Ownership Program › Article 1 - General › Section 8002 - Definitions

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
In addition to the definitions found in Section 50781 and
						Chapter 2 (commencing with Section 50050) of the Health and Safety Code, the
						following terms and definitions shall apply to this subchapter.
"Affordable housing costs" means that the housing costs
						for a low-income resident shall not exceed 30% of that resident's monthly gross
						income unless the department approves an amount exceeding this standard based
						on one or more of the following conditions which provide overriding and special
						reasons for exceeding this goal:
(a)
					 the project would be financially infeasible without housing costs in excess of
					 this standard due to factors such as lenders' more stringent underwriting
					 requirements for park conversions, lack of adequate financial assistance,
					 unique factors which limit project rental income, exceptional conversion costs
					 beyond the control of the residents, or other similar extraordinary factors
					 approved by the department; or
(b)
					 a satisfactory credit record has been maintained by the household, and the
					 household has demonstrated an ability to sustain the proposed housing expense;
					 or the department determines that the eligible household can assume such
					 greater responsibility based on an analysis of future anticipated income or
					 reduction in debt.
If the 30% of income standard cannot be achieved, under
						no circumstances shall the housing costs of a low-income resident exceed the
						greater of 40% of the resident's gross monthly income or the resident's housing
						prior to the conversion.
"Code" means the California Health and Safety
						Code.
"Committee" means the committee designated by the
						director pursuant to Subchapter 1 (commencing with Section 6900) of Chapter 6.5
						of this Part.
"Equity" means a cash contribution or interest in the
						property pledged as collateral, but does not include secured debt junior to the
						department's loan.
"Gross income" means all income as defined by Section
						6914 of this Part received by a resident except that the value of net family
						assets shall be limited to the actual amount of income derived from those
						assets.
"Housing costs" means the housing cost of a purchaser as
						defined in Section 6920 of this Part.
"Individual interest" means an individual interest in a
						mobilehome park as defined in Section 50781 (f) of the Code.
"Loan Originator" means an entity approved by the
						department to underwrite or originate loans, or evaluate the eligibility of
						applicants for program assistance.
"Local public entity" has the same meaning as set forth
						in Section 50079 of the Code.
"Low-income resident" means a person or household who is
						a resident of the mobilehome park and who is a lower- income household as
						defined in Section 50079.5 of the Code and Subchapter 2 of Chapter 6.5 of this
						Part, with the exception that gross income shall be calculated pursuant to the
						definition in this subchapter.
"Mobilehome" means any of the following:
(a) a mobilehome as defined in Section 18008
					 of the Code.
(b) a manufactured
					 home as defined in Section 18007 of the Code.
(c) a recreational vehicle as defined in
					 Section 18010 of the Code.
(d)
					 factory-built housing as defined in Section 19971 of the Code.
"Mobilehome park" means mobilehome park as defined in
						Section 50781(i) of the code.
"Mortgage lender" means a bank or trust company, mortgage
						banker, federal or state chartered savings and loan association, credit union
						or other financial institution, or a local public entity.
"Need for Assistance" means the amount of program
						assistance required to achieve affordable housing costs for low-income
						residents.
"Program" means the Mobilehome Park Rehabilitation and
						Purchase Fund.
"Project" means a mobilehome park which has received a
						loan commitment or loan pursuant to this subchapter.
"Qualified nonprofit housing sponsor" means a nonprofit
						housing sponsor as defined in Section 50781(k) of the Code.
"Rehabilitation" means substantial repairs and
						improvements to the project which are necessary to a) conform with legally
						authorized requirements of state or local government in order to receive
						approval to convert the park to resident ownership, b) meet reasonable and
						minimum property standards established by a lender for the project, and c)
						alleviate all substandard conditions which violate the Mobilehome Parks Act,
						Section 18200, et. seq., of the Code.
"Resident" means an individual or household who actually
						resides in a mobilehome park as that person's principal residence.
"Resident organization" means an organization of
						mobilehome park residents which has all of the following
						characteristics:
(a) is a legally
					 recognized entity;
(b) is able to
					 enter into a contract;
(c) is
					 capable of suing or being sued;
(d)
					 may include residents from more than one park; and
(e) has as members no less than two-thirds of
					 the residents from each park that is represented by the organization.
"Resident ownership" means the ownership of an interest
						in a mobilehome park by a resident organization, which entitles the resident
						organization to regulate the operations of the mobilehome park for a term of no
						less than 15 years, or the ownership of individual interests by residents in a
						mobilehome park, or both.
"Rural area" means an area as defined in Section 50199.21
						of the Code.
1.
						Amendment of section and NOTE filed 5-11-2001; operative 5-11-2001 pursuant to
						Government Code section 11343.4 (Register 2001, No. 19).
2.
						Amendment of definition of "Rural area" filed 7-11-2005; operative 8-10-2005
						(Register 2005, No. 28).
3. Change without regulatory effect
						amending definition of "Program" filed 10-13-2015 pursuant to section 100,
						title 1, California Code of Regulations (Register 2015, No.
						42).
Note: Authority cited: Sections 50406(n) and 50786(a),
						  Health and Safety Code. Reference: Sections 18008, 18007, 18010, 18200, et.
						  seq., 19971, 50050-50105, 50406, 50780, 50781, 50782, 50783, 50784, 50785,
						  50786 and 50786.5, Health and Safety Code; and Sections 6900 et seq., Title 25,
						  Administrative Code.