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 6.5 - California Self-Help Housing Program › Article 1 - General › Section 7532 - Definitions

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
In addition to the definitions contained in Chapter 2
						(commencing with Section 50050) and Section 50692 of the Health and Safety
						Code, the following definitions apply to this subchapter:
"Applicant" means any eligible sponsor applying for funds
						pursuant to this subchapter.
"Assisted units" means residential units which have been
						constructed or rehabilitated with technical assistance or funds provided in
						whole or in part from the Fund and which are, or will be, occupied by eligible
						households.
"Cooperative" means a limited equity housing cooperative
						as defined in Health and Safety Code Section 33007.5.
"Department" means the California Department of Housing
						and Community Development.
"Deferred Payment Loan" means a loan made by the
						Department to an eligible household, rental sponsor or cooperative from the
						Fund pursuant to Article 5 of this subchapter.
"Director" means the Director of the Department of
						Housing and Community Development, or his or her delegate.
"Eligible Household" means:
(a) for purposes of technical assistance, a
					 low- or moderate-income household participating in a self-help housing program
					 conducted by an eligible sponsor; and
(b) for purposes of mortgage assistance,
					 eligible household means a low-income household participating in a self-help
					 housing program conducted by an eligible sponsor. An eligible household must
					 own, or have the opportunity to own, a residential unit, must be accepted as a
					 member of a limited equity housing cooperative, or a renter, pursuant to
					 Section 7576.
"Eligible Sponsors" means local public entities or
						nonprofit corporations including cooperatives that are engaged in, or will be
						engaged in developing, conducting, administering or coordinating programs of
						assistance which will aid eligible households construct or rehabilitate
						residential units for their own use.
"Fund" means the Self-Help Housing Fund established by
						Section 50697.1 of the Health and Safety Code.
"Grantee" means an eligible sponsor that has received a
						grant or loan from the fund.
"Gross Monthly Income" means gross monthly income as
						defined in Section 6914, of this Part.
"Low-income households" means the same as lower-income
						households.
"Lower-income households" means persons and families who
						meet the requirements of Section 6928 of this Part.
"Moderate-income households" means persons and families
						who meet the requirements of Section 6930 of this Part.
"Monthly housing costs" means housing costs as set forth
						in Section 6920 of this Part.
"Project" means a housing development as defined by
						Section 50073 of the Health and Safety Code. In addition, "project" includes
						the provision of technical assistance to eligible households.
"Property" means the real property on which the self-help
						construction has or will be undertaken and includes the improvements
						thereon.
"Rehabilitation" means rehabilitation as defined in
						Section 7402 of this Part and specifically excludes items listed in Section
						7414(c) 1 through 9 of this Part.
"Rental Housing Development" means a rental housing
						development as defined in Section 7802 of this Part.
"Rental Sponsor" means an eligible sponsor who is, or
						will be, the owner of a rental housing development.
"Self-help construction" means owner building or
						self-help rehabilitation as defined in Section 50692 of the Health and Safety
						Code and may include mutual self-help housing as defined in Section 50087 of
						the Health and Safety Code.
"Sweat-equity" means the cost savings to an assisted unit
						attributable to self-help construction. This amount shall be calculated by
						subtracting the equity prior to the commencement of work on the assisted unit
						from the equity at the completion of the assisted unit. For the purposes of
						this definition, equity means the difference between the fair market value of
						the property and the total of all outstanding debts secured by the property
						plus all payments provided by the owner.
1.
						Repealer of definition of "Committee" filed 11-1-2004; operative 12-1-2004
						(Register 2004, No. 45).
Note: Authority cited: Section 50697(d), Health and
						  Safety Code. Reference: Chapter 2 (commencing with Section 50050) and Section
						  50692, Health and Safety Code.