reglab/statecodes huggingface dataset:
California Code of Regulations › Title 4 - Business Regulations › Division 9.5 - California Debt Limit Allocation Committee › Chapter 2 - Qualified Residential Rental Projects › Article 11 - Application Process for Projects Assisted by the U.S. Department of Housing and Urban Development › Section 5255 - Application Requirements

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) A
				  CDLAC Forward Commitment letter may be granted in lieu of an award of
				  allocation until the Applicant receives the HUD Firm Commitment letter for the
				  Project. A complete Open Qualified Residential Rental Pool Application may be
				  submitted when the Project meets the following requirements:
(1) Applications must meet the requirements
				  of a Qualified Residential Rental Project, as described in Chapter 2.
(2) Applications may be submitted at any time
				  with an expected staff review period of at least thirty (30) days.
(3) The Applicant must disclose upon
				  application that the Protect is a FHA financed development.
(4) In lieu of a HUD Firm Commitment letter,
				  a MAP Lender commitment letter outlining the FHA financing must accompany the
				  Application.
(5) All awards of
				  allocation following a CDLAC Forward Commitment must occur prior to the last
				  day of the calendar year.
(6) Proof
				  of HUD Firm Commitment Application Submittal will be due within thirty (30)
				  days of CDLAC Forward Commitment Approval.
California Code of Regulations › Title 4 - Business Regulations › Division 9.5 - California Debt Limit Allocation Committee › Chapter 2 - Qualified Residential Rental Projects › Article 11 - Application Process for Projects Assisted by the U.S. Department of Housing and Urban Development › Section 5256 - Evaluation Criteria

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a)
				  Applications will be reviewed according to the Multi-Family Housing criteria,
				  as referenced in Chapter 2, Article 8, Section
				  5230.
(b) Applications meeting the requirements of
				  Chapter 2, Article 8, Section
				  5230 will be provided a Forward
				  Commitment in lieu of an award of allocation.
(c) Upon receipt of a HUD Firm Commitment
				  letter, CDLAC will present an allocation recommendation to the Committee for
				  formal approval. The CDLAC closing timeframe will commence once the Committee
				  grants the allocation.
1. New
					 section filed 8-1-2012 as an emergency; operative 8-1-2012 (Register 2012, No.
					 31). A Certificate of Compliance must be transmitted to OAL by 1-28-2013 or
					 emergency language will be repealed by operation of law on the following
					 day.
2. New section refiled 1-24-2013 as an emergency; operative
					 1-24-2013 (Register 2013, No. 4). A Certificate of Compliance must be
					 transmitted to OAL by 4-24-2013 or emergency language will be repealed by
					 operation of law on the following day.
3. Certificate of Compliance
					 as to 1-24-2013 order transmitted to OAL 4-17-2013 and filed 5-16-2013
					 (Register 2013, No. 20).
Note: Authority cited: Section
						8869.94,
						Government Code. Reference: Sections
						8869.84(c),
						8869.85(a)
						and
						8869.85(b),
						Government Code.
California Code of Regulations › Title 4 - Business Regulations › Division 9.5 - California Debt Limit Allocation Committee › Chapter 2 - Qualified Residential Rental Projects › Article 12 - Expiring Projects in Difficult Development Areas › Section 5258 - Eligibility Retention

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) To
				  confirm that a Qualified Residential Rental Project (QRRP) application is
				  complete in order to retain a project's current year Difficult Development
				  Area/Qualified Census Tract (DDA/QCT) status, an Applicant must submit the
				  following items to CDLAC no later than 16 days prior to the expiration date of
				  the project's DDA status:
(1) the project's
				  completed Qualified Residential Rental Project application; and
(2) a written statement identifying the CDLAC
				  allocation round in which the Applicant intends to seek an allocation, pursuant
				  to a CDLAC generated list of eligible allocation rounds for projects in
				  expiring DDA/QCT areas; and
(3) a
				  written request that CDLAC confirm the Application is
				  complete.
California Code of Regulations › Title 4 - Business Regulations › Division 9.5 - California Debt Limit Allocation Committee › Chapter 2 - Qualified Residential Rental Projects › Article 13 - Qualified Residential Rental Project Allocation Request Process for December 2017 [Repealed] › Section 5259 - Allocation Request Requirements. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. New
					 article 13 (section
					 5259) and section filed 12-1-2017
					 as an emergency; operative 12-1-2017 (Register 2017, No. 48). A Certificate of
					 Compliance must be transmitted to OAL by 5-30-2018 or emergency language will
					 be repealed by operation of law on the following day.
2. Repealer of
					 article 13 (section
					 5259) and repealer of section filed
					 5-25-2018 as an emergency; operative 5-31-2018 (Register 2018, No. 21). A
					 Certificate of Compliance must be transmitted to OAL by 8-29-2018 or emergency
					 language will be restored by operation of law on the following
					 day.
3. Certificate of Compliance as to 5-25-2018 order transmitted
					 to OAL 8-9-2018 and filed 9-21-2018 (Register 2018, No. 38).
Note: Authority cited: Section
						8869.94,
						Government Code. Reference: Sections
						8869.84(c),
						8869.85(a)
						and
						8869.85(b),
						Government Code.
California Code of Regulations › Title 4 - Business Regulations › Division 9.5 - California Debt Limit Allocation Committee › Chapter 3 - Single Family Housing › Article 2 - Eligibility Requirements › Section 5265 - Application Process

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Applications for an Allocation of the Single Family Housing
					 Program Pool shall be considered in accordance with the provisions of chapter 1
					 and the submission of an MRB Application, a VHLP Application or an MCC
					 Application.
1. New
					 article 2 (sections
					 5265-5270) and section filed
					 7-29-2010 as an emergency; operative 7-29-2010 (Register 2010, No. 31). A
					 Certificate of Compliance must be transmitted to OAL by 1-25-2011 or emergency
					 language will be repealed by operation of law on the following
					 day.
2. New article 2 (sections
					 5265-5270) and section refiled
					 1-6-2011 as an emergency; operative 1-6-2011 (Register 2011, No. 1). A
					 Certificate of Compliance must be transmitted to OAL by 4-6-2011 or emergency
					 language will be repealed by operation of law on the following
					 day.
3. New article 2 (sections
					 5265-5270) and section refiled
					 4-1-2011 as an emergency; operative 4-6-2011 (Register 2011, No. 13). A
					 Certificate of Compliance must be transmitted to OAL by 7-5-2011 or emergency
					 language will be repealed by operation of law on the following
					 day.
4. Certificate of Compliance as to 4-1-2011 order transmitted
					 to OAL 6-2-2011 and filed 7-1-2011 (Register 2011, No. 26).
Note: Authority cited: Section
						8869.94,
						Government Code. Reference: Sections
						8869.84(c),
						8869.85(a)
						and
						8869.85(b),
						Government Code.
California Code of Regulations › Title 4 - Business Regulations › Division 9.5 - California Debt Limit Allocation Committee › Chapter 3 - Single Family Housing › Article 2 - Eligibility Requirements › Section 5266 - Participation Goals

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
An Applicant requesting an Allocation for a Single Family
					 Housing Program must commit to the following goals:
(a) A minimum of forty percent (40%) of the
				  participants in the Single Family Housing Program must be households:
(1) Earning eighty percent (80%) or less of
				  the Applicable Median Family Income of the area in which the program is
				  located; or
(2) Located in a
				  Qualified Census Tract. Applicants may use the high-cost area adjustment set
				  forth in 26 U.S.C. section
				  143(f)(5) to meet this
				  minimum requirement.
California Code of Regulations › Title 4 - Business Regulations › Division 9.5 - California Debt Limit Allocation Committee › Chapter 3 - Single Family Housing › Article 2 - Eligibility Requirements › Section 5267 - Consistency with Adopted Housing Elements

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) The
				  proposed Single Family Housing Program must be consistent with the adopted
				  housing element(s) for the jurisdiction(s) in which the program is to be
				  operated. The California Department of Housing and Community Development must
				  have determined the jurisdiction's adopted housing element to be in substantial
				  compliance with the requirements of Article 10.6 (commencing with Section
				  65580) of Chapter 3 of Division 1
				  of Title 7 of the Government Code. In addition, as required under Section
				  65400 of
				  the Government Code, the jurisdiction must have submitted an annual progress
				  report to the California Department of Housing and Community Development for
				  the preceding 12-month calendar year.
(b) Applicants requesting Allocation to
				  implement a new Mortgage Credit Certificate Program shall submit the following:
(1) Copies of the publicly adopted documents
				  required by section
				  5031(b);
				  and
(2) Copies of the program or
				  operational manual.
California Code of Regulations › Title 4 - Business Regulations › Division 9.5 - California Debt Limit Allocation Committee › Chapter 3 - Single Family Housing › Article 2 - Eligibility Requirements › Section 5268 - Mortgage Revenue Bond Eligibility

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) For
				  Mortgage Revenue Bond Programs, in order to be eligible for a new Single Family
				  Housing Program Allocation, the Applicant shall:
(1) Demonstrate that all proceeds from a bond
				  issuance in the calendar year three (3) years prior to the current year (other
				  than minor amounts not to exceed $1 million) have been used to finance loans,
				  or; have been refunded on either a short or long term basis so as to be
				  available to finance loans.
(2)
				  Certify that any remaining Bond proceeds or authority from an Allocation up to
				  two (2) calendar years prior to the current year will be used either before the
				  use of new Allocation or in conjunction with new Allocation in satisfying
				  federal requirements for such prior funds.
California Code of Regulations › Title 4 - Business Regulations › Division 9.5 - California Debt Limit Allocation Committee › Chapter 3 - Single Family Housing › Article 2 - Eligibility Requirements › Section 5269 - Mortgage Credit Certificate Eligibility

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) For
				  Mortgage Credit Certificate programs, in order to be eligible for a new Single
				  Family Housing Program Allocation, the Applicant must:
(1) Demonstrate that all remaining bond
				  authority in the calendar year two (2) years prior to the current year (other
				  than minor amounts not to exceed $1 million) have been issued to first time
				  home buyers.
(2) Certify that any
				  Mortgage Credit Certificate authority remaining from the year prior to the
				  current year will be used before the use of new Mortgage Credit Certificate
				  authority.
California Code of Regulations › Title 4 - Business Regulations › Division 9.5 - California Debt Limit Allocation Committee › Chapter 3 - Single Family Housing › Article 2 - Eligibility Requirements › Section 5270 - Exceptions to Minimum Requirements

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
The Committee may consider exceptions to the minimum
					 requirements based upon detailed information submitted by the Applicant that
					 meeting these requirements presents an undue financial burden or economic
					 hardship for the Applicant. The Committee may delegate the discretion to
					 approve or deny an Applicant's request for such exception to the Chair of the
					 Committee or to the Executive Director. With respect to sections
					 5268 and
					 5269, to be granted an exception an
					 Applicant must demonstrate its need to use new Allocation even if unused
					 Mortgage Revenue Bond Allocation or Mortgage Credit Certificate authority
					 totals over $1,000,000 from prior years.
1. New
					 section filed 7-29-2010 as an emergency; operative 7-29-2010 (Register 2010,
					 No. 31). A Certificate of Compliance must be transmitted to OAL by 1-25-2011 or
					 emergency language will be repealed by operation of law on the following
					 day.
2. New section refiled 1-6-2011 as an emergency; operative
					 1-6-2011 (Register 2011, No. 1). A Certificate of Compliance must be
					 transmitted to OAL by 4-6-2011 or emergency language will be repealed by
					 operation of law on the following day.
3. New section refiled
					 4-1-2011 as an emergency; operative 4-6-2011 (Register 2011, No. 13). A
					 Certificate of Compliance must be transmitted to OAL by 7-5-2011 or emergency
					 language will be repealed by operation of law on the following
					 day.
4. Certificate of Compliance as to 4-1-2011 order, including
					 amendment of section, transmitted to OAL 6-2-2011 and filed 7-1-2011 (Register
					 2011, No. 26).
Note: Authority cited: Section
						8869.94,
						Government Code. Reference: Sections
						8869.84(c),
						8869.85(a)
						and
						8869.85(b),
						Government Code.
California Code of Regulations › Title 4 - Business Regulations › Division 9.5 - California Debt Limit Allocation Committee › Chapter 3 - Single Family Housing › Article 2 - Eligibility Requirements › Section 5271 - Allocation Method

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Applicants for the Single Family Housing Program Pool will
					 be awarded an Allocation on a Fair Share Basis. If a request exceeds an
					 Applicant's Fair Share, additional funding can be provided to the extent
					 allocation is available in the Undesignated Reserve Pool in the allocation year
					 the funding is requested.
1. New
					 section filed 11-9-2015 as an emergency pursuant to Government Code section
					 8869.94;
					 operative 11-9-2015 (Register 2015, No. 46). A Certificate of Compliance must
					 be transmitted to OAL by 5-9-2016 or emergency language will be repealed by
					 operation of law on the following day.
2. Certificate of Compliance
					 as to 11-9-2015 order transmitted to OAL 1-27-2016 and filed 3-10-2016
					 (Register 2016, No. 11).
3. Editorial correction of HISTORY 2
					 (Register 2016, No. 25).
Note: Authority cited: Section
						8869.94,
						Government Code. Reference: Sections
						8869.84(c),
						8869.85(a)
						and
						8869.85(b),
						Government Code.
California Code of Regulations › Title 4 - Business Regulations › Division 9.5 - California Debt Limit Allocation Committee › Chapter 3 - Single Family Housing › Article 2 - Eligibility Requirements › Section 5273 - Income and Purchase Price Certification

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
The Applicant's bond or tax counsel must certify that the
					 income and purchase price limits outlined in the CDLAC application for the
					 program were established in accordance with a methodology authorized by the
					 Internal Revenue Code.
1. New
					 section filed 11-9-2015 as an emergency pursuant to Government Code section
					 8869.94;
					 operative 11-9-2015 (Register 2015, No. 46). A Certificate of Compliance must
					 be transmitted to OAL by 5-9-2016 or emergency language will be repealed by
					 operation of law on the following day.
2. Certificate of Compliance
					 as to 11-9-2015 order transmitted to OAL 1-27-2016 and filed 3-10-2016
					 (Register 2016, No. 11).
3. Editorial correction of HISTORY 2
					 (Register 2016, No. 25).
Note: Authority cited: Section
						8869.94,
						Government Code. Reference: Sections
						8869.84(c),
						8869.85(a)
						and
						8869.85(b),
						Government Code.
California Code of Regulations › Title 4 - Business Regulations › Division 9.5 - California Debt Limit Allocation Committee › Chapter 3 - Single Family Housing › Article 3 - Evaluation Criteria › Section 5275 - Minimum Goals

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) An
				  Applicant receiving an Allocation for a Single Family Housing Program will be
				  held accountable for achieving the minimum goals that were considered by the
				  Committee in awarding the Allocation. The Committee will monitor on an annual
				  basis the programs awarded an Allocation. An Applicant whose Single Family
				  Housing Program did not achieve the participation goals set forth in section
				  5266 in the previous calendar year,
				  will have their Fair Share Allocation Amount reduced subject to following
				  schedule:
Performance Achievement
								Index
Percentage of Fair Share
								Allocation Amount
91%
-- 100%
100%
81%
-- 90%
90%
71%
-- 80%
80%
61%
-- 70%
70%
0%
-- 60%
60%
(b)
				  The Committee may consider exceptions to the above schedule of reduced
				  Allocation where the Applicant provides full written documentation of the
				  reasons for the underachievement demonstrating that the circumstances
				  surrounding the underachievement are beyond the control of the Applicant. The
				  Committee may delegate the discretion to approve or deny an Applicant's request
				  for such exception to the Chair or to the Executive Director.
1. New
					 article 3 (section
					 5275) and section filed 7-29-2010
					 as an emergency; operative 7-29-2010 (Register 2010, No. 31). A Certificate of
					 Compliance must be transmitted to OAL by 1-25-2011 or emergency language will
					 be repealed by operation of law on the following day.
2. New article
					 3 (section 5275) and section refiled 1-6-2011
					 as an emergency; operative 1-6-2011 (Register 2011, No. 1). A Certificate of
					 Compliance must be transmitted to OAL by 4-6-2011 or emergency language will be
					 repealed by operation of law on the following day.
3. New article 3
					 (section 5275) and section refiled 4-1-2011
					 as an emergency; operative 4-6-2011 (Register 2011, No. 13). A Certificate of
					 Compliance must be transmitted to OAL by 7-5-2011 or emergency language will be
					 repealed by operation of law on the following day.
4. Certificate of
					 Compliance as to 4-1-2011 order, including amendment of subsection (a),
					 transmitted to OAL 6-2-2011 and filed 7-1-2011 (Register 2011, No. 26).
Note: Authority cited: Section
						8869.94,
						Government Code. Reference: Sections
						8869.84(c),
						8869.85(a)
						and
						8869.85(b),
						Government Code.
California Code of Regulations › Title 4 - Business Regulations › Division 9.5 - California Debt Limit Allocation Committee › Chapter 3 - Single Family Housing › Article 4 - Single Family Housing Bonus Pool › Section 5280 - Eligibility Requirements

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
If the Committee has established a Single Family Housing
					 Program Bonus Pool in accordance with section
					 5020(c),
					 Applicants may be eligible if the following is demonstrated:
(a) For Mortgage Revenue Bond Programs:
(1) Demonstrate that Bonds allocated from the
				  current year's Single Family Housing Pool have been issued.
(2) Certify that proceeds from the current
				  year's allocation are being used to finance loans.
(3) Justify the need for additional
				  Allocation.
California Code of Regulations › Title 4 - Business Regulations › Division 9.5 - California Debt Limit Allocation Committee › Chapter 3 - Single Family Housing › Article 4 - Single Family Housing Bonus Pool › Section 5282 - Allocation Method

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Applicants for the Single Family Housing Bonus Pool will be
					 awarded an Allocation of the Single Family Housing Program Bonus Pool on a Fair
					 Share Basis.
1. New
					 section filed 7-29-2010 as an emergency; operative 7-29-2010 (Register 2010,
					 No. 31). A Certificate of Compliance must be transmitted to OAL by 1-25-2011 or
					 emergency language will be repealed by operation of law on the following
					 day.
2. New section refiled 1-6-2011 as an emergency; operative
					 1-6-2011 (Register 2011, No. 1). A Certificate of Compliance must be
					 transmitted to OAL by 4-6-2011 or emergency language will be repealed by
					 operation of law on the following day.
3. New section refiled
					 4-1-2011 as an emergency; operative 4-6-2011 (Register 2011, No. 13). A
					 Certificate of Compliance must be transmitted to OAL by 7-5-2011 or emergency
					 language will be repealed by operation of law on the following
					 day.
4. Certificate of Compliance as to 4-1-2011 order, including
					 amendment of section, transmitted to OAL 6-2-2011 and filed 7-1-2011 (Register
					 2011, No. 26).
Note: Authority cited: Section
						8869.94,
						Government Code. Reference: Sections
						8869.84(c)
						and
						8869.85(b),
						Government Code.
California Code of Regulations › Title 4 - Business Regulations › Division 9.5 - California Debt Limit Allocation Committee › Chapter 3 - Single Family Housing › Article 4 - Single Family Housing Bonus Pool › Section 5283 - Excess Bonus Pool Distribution

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) If
				  the Committee has established that any portion of the Single Family Housing
				  Program Pool and Single Family Housing Bonus Pool is remaining by the final
				  meeting of the year, this amount will be made available to Local Issuers under
				  the Single Family Housing Bonus Pool regardless of their initial Fair Share
				  Basis limit or amount of Allocation awarded in the current year.
(b) Subsequent to the determination made in
				  subdivision (a) of this section, awards in this round will be based on the
				  pro-rata population of the jurisdictions served by the Applicant relative to
				  the total population served by the winning Applicants, but shall not exceed the
				  amount requested in the Application.
(c) If the total amount requested by all
				  Applicants as determined in subdivision (b) of this section is less than the
				  amount available as determined in subdivision (a) of this section, and there
				  are Applicants whose pro-rata portion is less than their request, the Committee
				  will consider distributing the excess up to the full amount
				  requested.
1. New
					 section filed 7-29-2010 as an emergency; operative 7-29-2010 (Register 2010,
					 No. 31). A Certificate of Compliance must be transmitted to OAL by 1-25-2011 or
					 emergency language will be repealed by operation of law on the following
					 day.
2. New section refiled 1-6-2011 as an emergency; operative
					 1-6-2011 (Register 2011, No. 1). A Certificate of Compliance must be
					 transmitted to OAL by 4-6-2011 or emergency language will be repealed by
					 operation of law on the following day.
3. New section refiled
					 4-1-2011 as an emergency; operative 4-6-2011 (Register 2011, No. 13). A
					 Certificate of Compliance must be transmitted to OAL by 7-5-2011 or emergency
					 language will be repealed by operation of law on the following
					 day.
4. Certificate of Compliance as to 4-1-2011 order, including
					 amendment of section heading and section, transmitted to OAL 6-2-2011 and filed
					 7-1-2011 (Register 2011, No. 26).
Note: Authority cited: Section
						8869.94,
						Government Code. Reference: Sections
						8869.84(c)
						and
						8869.85(b),
						Government Code.
California Code of Regulations › Title 4 - Business Regulations › Division 9.5 - California Debt Limit Allocation Committee › Chapter 3 - Single Family Housing › Article 5 - Veterans Home Loan Program › Section 5290 - Veterans Home Loan Program (VHLP)

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
The Veterans Home Loan Program will utilize Mortgage
					 Revenue Bonds to assist eligible California veterans with advantageous first
					 mortgages that are at a minimum commensurate with similar state administered
					 Single Family Housing Programs with respect to interest rates and Homeownership
					 Assistance. Allocations will be made on the condition that the entire
					 Allocation will be used to provide below market interest rate mortgages to
					 California veterans.
1. New
					 article 5 (sections
					 5290-5291) and section filed
					 7-29-2010 as an emergency; operative 7-29-2010 (Register 2010, No. 31). A
					 Certificate of Compliance must be transmitted to OAL by 1-25-2011 or emergency
					 language will be repealed by operation of law on the following
					 day.
2. New article 5 (sections
					 5290-5291) and section refiled
					 1-6-2011 as an emergency; operative 1-6-2011 (Register 2011, No. 1). A
					 Certificate of Compliance must be transmitted to OAL by 4-6-2011 or emergency
					 language will be repealed by operation of law on the following
					 day.
3. New article 5 (sections
					 5290-5291) and section refiled
					 4-1-2011 as an emergency; operative 4-6-2011 (Register 2011, No. 13). A
					 Certificate of Compliance must be transmitted to OAL by 7-5-2011 or emergency
					 language will be repealed by operation of law on the following
					 day.
4. Certificate of Compliance as to 4-1-2011 order, including
					 amendment of section, transmitted to OAL 6-2-2011 and filed 7-1-2011 (Register
					 2011, No. 26).
Note: Authority cited: Section
						8869.94,
						Government Code. Reference: Sections
						8869.84(c)
						and
						8869.85(a),
						Government Code.
California Code of Regulations › Title 4 - Business Regulations › Division 9.5 - California Debt Limit Allocation Committee › Chapter 3 - Single Family Housing › Article 5 - Veterans Home Loan Program › Section 5291 - VHLP Reporting Requirements

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
An Applicant receiving an Allocation for a Veterans Home
					 Loan Program shall be responsible for submitting an annual report of program
					 activity to the Committee. The format for the annual report is outlined in
					 Attachment M of the VHLP Application.
1. New
					 section filed 7-29-2010 as an emergency; operative 7-29-2010 (Register 2010,
					 No. 31). A Certificate of Compliance must be transmitted to OAL by 1-25-2011 or
					 emergency language will be repealed by operation of law on the following
					 day.
2. New section refiled 1-6-2011 as an emergency; operative
					 1-6-2011 (Register 2011, No. 1). A Certificate of Compliance must be
					 transmitted to OAL by 4-6-2011 or emergency language will be repealed by
					 operation of law on the following day.
3. New section refiled
					 4-1-2011 as an emergency; operative 4-6-2011 (Register 2011, No. 13). A
					 Certificate of Compliance must be transmitted to OAL by 7-5-2011 or emergency
					 language will be repealed by operation of law on the following
					 day.
4. Certificate of Compliance as to 4-1-2011 order, including
					 amendment of section, transmitted to OAL 6-2-2011 and filed 7-1-2011 (Register
					 2011, No. 26).
Note: Authority cited: Section
						8869.94,
						Government Code. Reference: Sections
						8869.84(c)
						and
						8869.85(a),
						Government Code.
California Code of Regulations › Title 4 - Business Regulations › Division 9.5 - California Debt Limit Allocation Committee › Chapter 4 - Extra Credit Teacher Home Purchase Program › Article 2 - Eligibility Requirements › Section 5310 - Application Process

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Applications for an Allocation of the Extra Credit Teacher
					 Home Purchase Program Pool shall be considered in accordance with the
					 provisions of chapter 1 and the submission of an ECTHP Application.
1. New
					 article 2 (sections
					 5310-5315) and section filed
					 7-29-2010 as an emergency; operative 7-29-2010 (Register 2010, No. 31). A
					 Certificate of Compliance must be transmitted to OAL by 1-25-2011 or emergency
					 language will be repealed by operation of law on the following
					 day.
2. New article 2 (sections
					 5310-5315) and section refiled
					 1-6-2011 as an emergency; operative 1-6-2011 (Register 2011, No. 1). A
					 Certificate of Compliance must be transmitted to OAL by 4-6-2011 or emergency
					 language will be repealed by operation of law on the following
					 day.
3. New article 2 (sections
					 5310-5315) and section refiled
					 4-1-2011 as an emergency; operative 4-6-2011 (Register 2011, No. 13). A
					 Certificate of Compliance must be transmitted to OAL by 7-5-2011 or emergency
					 language will be repealed by operation of law on the following
					 day.
4. Certificate of Compliance as to 4-1-2011 order, including
					 amendment of NOTE, transmitted to OAL 6-2-2011 and filed 7-1-2011 (Register
					 2011, No. 26).
Note: Authority cited: Section
						8869.94,
						Government Code. Reference: Sections
						8869.84(c),
						8869.84(g),
						8869.85(a)
						and
						8869.85(b),
						Government Code.
California Code of Regulations › Title 4 - Business Regulations › Division 9.5 - California Debt Limit Allocation Committee › Chapter 4 - Extra Credit Teacher Home Purchase Program › Article 2 - Eligibility Requirements › Section 5311 - Application of Standards

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Issuers of Mortgage Revenue Bonds or Mortgage Credit
					 Certificates pursuant to this chapter may apply these eligibility standards to
					 borrowers without regard to the date of receipt of Allocation.
1. New
					 section filed 7-29-2010 as an emergency; operative 7-29-2010 (Register 2010,
					 No. 31). A Certificate of Compliance must be transmitted to OAL by 1-25-2011 or
					 emergency language will be repealed by operation of law on the following
					 day.
2. New section refiled 1-6-2011 as an emergency; operative
					 1-6-2011 (Register 2011, No. 1). A Certificate of Compliance must be
					 transmitted to OAL by 4-6-2011 or emergency language will be repealed by
					 operation of law on the following day.
3. New section refiled
					 4-1-2011 as an emergency; operative 4-6-2011 (Register 2011, No. 13). A
					 Certificate of Compliance must be transmitted to OAL by 7-5-2011 or emergency
					 language will be repealed by operation of law on the following
					 day.
4. Certificate of Compliance as to 4-1-2011 order, including
					 amendment of section and NOTE, transmitted to OAL 6-2-2011 and filed 7-1-2011
					 (Register 2011, No. 26).
Note: Authority cited: Section
						8869.94,
						Government Code. Reference: Sections
						8869.84(c),
						8869.84(g),
						8869.85(a)
						and
						8869.85(b),
						Government Code.
California Code of Regulations › Title 4 - Business Regulations › Division 9.5 - California Debt Limit Allocation Committee › Chapter 4 - Extra Credit Teacher Home Purchase Program › Article 2 - Eligibility Requirements › Section 5312 - Applicant Eligibility

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
An Applicant requesting an Allocation from the Extra Credit
					 Teacher Home Purchase Program Pool must be an approved Issuer of Mortgage
					 Credit Certificates or Mortgage Revenue Bonds and must propose an Extra Credit
					 Teacher Home Purchase Program whereby Mortgage Credit Certificates or loans
					 funded by Mortgage Revenue Bonds will be made available to Eligible Teachers,
					 Eligible Administrators, Eligible Classified Employees, and Eligible Staff
					 Members. Issuers of Mortgage Credit Certificates and Mortgage Revenue Bonds may
					 apply jointly.
1. New
					 section filed 7-29-2010 as an emergency; operative 7-29-2010 (Register 2010,
					 No. 31). A Certificate of Compliance must be transmitted to OAL by 1-25-2011 or
					 emergency language will be repealed by operation of law on the following
					 day.
2. New section refiled 1-6-2011 as an emergency; operative
					 1-6-2011 (Register 2011, No. 1). A Certificate of Compliance must be
					 transmitted to OAL by 4-6-2011 or emergency language will be repealed by
					 operation of law on the following day.
3. New section refiled
					 4-1-2011 as an emergency; operative 4-6-2011 (Register 2011, No. 13). A
					 Certificate of Compliance must be transmitted to OAL by 7-5-2011 or emergency
					 language will be repealed by operation of law on the following
					 day.
4. Certificate of Compliance as to 4-1-2011 order, including
					 amendment of section and NOTE, transmitted to OAL 6-2-2011 and filed 7-1-2011
					 (Register 2011, No. 26).
Note: Authority cited: Section
						8869.94,
						Government Code. Reference: Sections
						8869.84(c),
						8869.84(g),
						8869.85(a)
						and
						8869.85(b),
						Government Code.
California Code of Regulations › Title 4 - Business Regulations › Division 9.5 - California Debt Limit Allocation Committee › Chapter 4 - Extra Credit Teacher Home Purchase Program › Article 2 - Eligibility Requirements › Section 5313 - Program Goals

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
The Extra Credit Teacher Home Purchase Program proposed by
					 the Applicant must be for the purpose of recruiting and retaining Eligible
					 Teachers, Eligible Administrators, and Eligible Classified Employees in High
					 Priority Schools, and the Applicant must commit to and describe its plan to
					 promote, publicize and market the program in conjunction with school
					 district(s) and county office(s) of education to Eligible Teachers, Eligible
					 Administrators, and Eligible Classified Employees.
1. New
					 section filed 7-29-2010 as an emergency; operative 7-29-2010 (Register 2010,
					 No. 31). A Certificate of Compliance must be transmitted to OAL by 1-25-2011 or
					 emergency language will be repealed by operation of law on the following
					 day.
2. New section refiled 1-6-2011 as an emergency; operative
					 1-6-2011 (Register 2011, No. 1). A Certificate of Compliance must be
					 transmitted to OAL by 4-6-2011 or emergency language will be repealed by
					 operation of law on the following day.
3. New section refiled
					 4-1-2011 as an emergency; operative 4-6-2011 (Register 2011, No. 13). A
					 Certificate of Compliance must be transmitted to OAL by 7-5-2011 or emergency
					 language will be repealed by operation of law on the following
					 day.
4. Certificate of Compliance as to 4-1-2011 order, including
					 amendment of section and NOTE, transmitted to OAL 6-2-2011 and filed 7-1-2011
					 (Register 2011, No. 26).
Note: Authority cited: Section
						8869.94,
						Government Code. Reference: Sections
						8869.84(c),
						8869.84(g),
						8869.85(a)
						and
						8869.85(b),
						Government Code.
California Code of Regulations › Title 4 - Business Regulations › Division 9.5 - California Debt Limit Allocation Committee › Chapter 4 - Extra Credit Teacher Home Purchase Program › Article 2 - Eligibility Requirements › Section 5314 - Program Provisions

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
The Extra Credit Teacher Home Purchase Program proposed by
					 the Applicant must, at a minimum, include all of the following:
(a) A specific plan that gives priority to
				  Eligible Teachers, Eligible Administrators, and Eligible Classified Employees
				  working in High Priority Schools ranked 1, 2 or 3 in the API
				  rankings.
(b) A provision that
				  Eligible Teachers, Eligible Administrators, and Eligible Classified Employees
				  include such individuals who are assigned to a school district but provide
				  administration or service to at least one High Priority School for the length
				  of the service commitment.
(c) A
				  provision restricting the program to Eligible Teachers, Eligible
				  Administrators, and Eligible Classified Employees who agree, through a written
				  service commitment, to teach, provide administration or service in a High
				  Priority School for a minimum of three (3) years continuously from the date the
				  Mortgage Credit Certificate or the loan funded by Mortgage Revenue Bonds is
				  awarded to the Program Participant, and for whom an Extra Credit Teacher Home
				  Purchase Program Eligibility Certificate has been completed and submitted by a
				  duly authorized representative of the employing school district or county
				  office of education.
(d) A written
				  service commitment of the Program Participant. Program Participants are
				  required to certify to the Applicant when they have fully performed the service
				  commitment or request to be excused from the service commitment pursuant to
				  subdivision (e) of this section. Early pay off of a loan does not constitute an
				  excuse from the service commitment. Certifications of service commitment must
				  be signed by either:
(1) A duly authorized
				  representative of the employing school district or county office of education;
				  or
(2) The Program Participant
				  under penalty of perjury.
California Code of Regulations › Title 4 - Business Regulations › Division 9.5 - California Debt Limit Allocation Committee › Chapter 4 - Extra Credit Teacher Home Purchase Program › Article 2 - Eligibility Requirements › Section 5315 - Alternative Schools. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. New
					 section filed 7-29-2010 as an emergency; operative 7-29-2010 (Register 2010,
					 No. 31). A Certificate of Compliance must be transmitted to OAL by 1-25-2011 or
					 emergency language will be repealed by operation of law on the following
					 day.
2. New section refiled 1-6-2011 as an emergency; operative
					 1-6-2011 (Register 2011, No. 1). A Certificate of Compliance must be
					 transmitted to OAL by 4-6-2011 or emergency language will be repealed by
					 operation of law on the following day.
3. New section refiled
					 4-1-2011 as an emergency; operative 4-6-2011 (Register 2011, No. 13). A
					 Certificate of Compliance must be transmitted to OAL by 7-5-2011 or emergency
					 language will be repealed by operation of law on the following
					 day.
4. Certificate of Compliance as to 4-1-2011 order, including
					 repealer of section, transmitted to OAL 6-2-2011 and filed 7-1-2011 (Register
					 2011, No. 26).
Note: Authority cited: Section
						8869.94,
						Government Code. Reference: Sections
						8869.84(c),
						8869.85(a)
						and
						8869.85(b),
						Government Code.
California Code of Regulations › Title 4 - Business Regulations › Division 9.5 - California Debt Limit Allocation Committee › Chapter 4 - Extra Credit Teacher Home Purchase Program › Article 3 - Evaluation Criteria › Section 5320 - Evaluation Criteria

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Upon a determination that an Application meets the minimum
					 requirements pursuant to article 2 of this chapter, Applications will be
					 evaluated based on the following criteria:
(a) The amount of the Homeownership
				  Assistance to be provided and the percentage of Program Participants to whom it
				  will be provided.
(b) The strength
				  of the Applicant's plan to publicize, promote and market the Extra Credit
				  Teacher Home Purchase Program to School Districts, County Offices of Education,
				  Eligible Teachers, Eligible Administrators, Eligible Classified Employees and
				  Eligible Staff Members.
(c) The
				  extent to which Applicants show the greatest need within the Applicant's
				  jurisdiction to recruit and retain Eligible Teachers, Eligible Administrators,
				  Eligible Classified Employees and Eligible Staff Members.
(d) The Applicant's past performance, if any,
				  in using past Allocations from the Extra Credit Teacher Home Purchase Program
				  Pool.
1. New
					 article 3 (sections
					 5320-5321) and section filed
					 7-29-2010 as an emergency; operative 7-29-2010 (Register 2010, No. 31). A
					 Certificate of Compliance must be transmitted to OAL by 1-25-2011 or emergency
					 language will be repealed by operation of law on the following
					 day.
2. New article 3 (sections
					 5320-5321) and section refiled
					 1-6-2011 as an emergency; operative 1-6-2011 (Register 2011, No. 1). A
					 Certificate of Compliance must be transmitted to OAL by 4-6-2011 or emergency
					 language will be repealed by operation of law on the following
					 day.
3. New article 3 (sections
					 5320-5321) and section refiled
					 4-1-2011 as an emergency; operative 4-6-2011 (Register 2011, No. 13). A
					 Certificate of Compliance must be transmitted to OAL by 7-5-2011 or emergency
					 language will be repealed by operation of law on the following
					 day.
4. Certificate of Compliance as to 4-1-2011 order, including
					 amendment of section and NOTE, transmitted to OAL 6-2-2011 and filed 7-1-2011
					 (Register 2011, No. 26).
Note: Authority cited: Section
						8869.94,
						Government Code. Reference: Sections
						8869.84(c),
						8869.84(g),
						8869.85(a)
						and
						8869.85(b),
						Government Code.
California Code of Regulations › Title 4 - Business Regulations › Division 9.5 - California Debt Limit Allocation Committee › Chapter 4 - Extra Credit Teacher Home Purchase Program › Article 3 - Evaluation Criteria › Section 5321 - Allocation Amount

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
The Committee will determine the amount allocated to each
					 Applicant based upon the evaluation criteria set forth in section
					 5320, the number of Applicants
					 applying in the Allocation Round, and the amount of allocation available in the
					 Extra Credit Teacher Home Purchase Program Pool. The Committee may, in its sole
					 discretion, allocate a larger portion of the Extra Credit Teacher Home Purchase
					 Program Pool to Applicants who administer statewide Mortgage Credit Certificate
					 and Mortgage Revenue Bond programs.
1. New
					 section filed 7-29-2010 as an emergency; operative 7-29-2010 (Register 2010,
					 No. 31). A Certificate of Compliance must be transmitted to OAL by 1-25-2011 or
					 emergency language will be repealed by operation of law on the following
					 day.
2. New section refiled 1-6-2011 as an emergency; operative
					 1-6-2011 (Register 2011, No. 1). A Certificate of Compliance must be
					 transmitted to OAL by 4-6-2011 or emergency language will be repealed by
					 operation of law on the following day.
3. New section refiled
					 4-1-2011 as an emergency; operative 4-6-2011 (Register 2011, No. 13). A
					 Certificate of Compliance must be transmitted to OAL by 7-5-2011 or emergency
					 language will be repealed by operation of law on the following
					 day.
4. Certificate of Compliance as to 4-1-2011 order, including
					 amendment of NOTE, transmitted to OAL 6-2-2011 and filed 7-1-2011 (Register
					 2011, No. 26).
Note: Authority cited: Section
						8869.94,
						Government Code. Reference: Sections
						8869.84(c),
						8869.84(g),
						8869.85(a)
						and
						8869.85(b),
						Government Code.
California Code of Regulations › Title 4 - Business Regulations › Division 9.5 - California Debt Limit Allocation Committee › Chapter 4 - Extra Credit Teacher Home Purchase Program › Article 4 - Reporting Requirements › Section 5330 - Specific Reports

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
The Applicant shall annually report to the Committee, no
					 later than January 31 of each year, the following information:
(a) The number of loans or Mortgage Credit
				  Certificates issued aggregated by calendar year;
(b) The schools at which Program Participants
				  are employed, aggregated by API rank and the percent of non-credentialed
				  teachers employed at the school;
(c) The number of Program Participants that
				  have paid off their loans prior to the completion of the service
				  commitment;
(d) The number of
				  Program Participants that successfully complete the service commitment during
				  the prior calendar year;
(e) The
				  number of Program Participants that are currently serving but have not
				  completed the service commitment;
(f) The number of Program Participants that
				  were excused during the prior calendar year from the service commitment under
				  section 5314(e);
(g) The number of Program Participants during
				  the prior calendar year that left a High Priority School without fulfilling
				  their service commitment and who were not eligible for one of the exceptions
				  set forth in section
				  5314(e);
(h) The number of Program Participants that
				  have not responded to the Applicant's request for certification of the service
				  commitment; and
(i) The total
				  amount of assessment, if any, collected pursuant to section
				  5340.
1. New
					 article 4 (section
					 5330) and section filed 7-29-2010
					 as an emergency; operative 7-29-2010 (Register 2010, No. 31). A Certificate of
					 Compliance must be transmitted to OAL by 1-25-2011 or emergency language will
					 be repealed by operation of law on the following day.
2. New article
					 4 (section 5330) and section refiled 1-6-2011
					 as an emergency; operative 1-6-2011 (Register 2011, No. 1). A Certificate of
					 Compliance must be transmitted to OAL by 4-6-2011 or emergency language will be
					 repealed by operation of law on the following day.
3. New article 4
					 (section 5330) and section refiled 4-1-2011
					 as an emergency; operative 4-6-2011 (Register 2011, No. 13). A Certificate of
					 Compliance must be transmitted to OAL by 7-5-2011 or emergency language will be
					 repealed by operation of law on the following day.
4. Certificate of
					 Compliance as to 4-1-2011 order, including amendment of NOTE, transmitted to
					 OAL 6-2-2011 and filed 7-1-2011 (Register 2011, No. 26).
Note: Authority cited: Section
						8869.94,
						Government Code. Reference: Sections
						8869.84(c),
						8869.84(g),
						8869.85(a)
						and
						8869.85(b),
						Government Code.
California Code of Regulations › Title 4 - Business Regulations › Division 9.5 - California Debt Limit Allocation Committee › Chapter 4 - Extra Credit Teacher Home Purchase Program › Article 5 - Noncompliance › Section 5340 - Monetary Assessment

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Where a Program Participant fails to fulfill the
					 requirements of the service commitment and has not been excused from the
					 service commitement, the Applicant may recover as an assessment from the
					 Program Participant a monetary amount equal to the lesser of the
					 following:
(a) One-half ( ½ )
				  of the Program Participant's net proceeds from the sale of the related
				  residence; or
(b) The amount of
				  monetary benefit conferred on the Program Participant as a result of the loan
				  or Mortgage Credit Certificate, offset by the amount of any federal recapture,
				  as defined by 26 U.S.C.
				  section 143(m).
1. New
					 article 5 (section
					 5340) and section filed 7-29-2010
					 as an emergency; operative 7-29-2010 (Register 2010, No. 31). A Certificate of
					 Compliance must be transmitted to OAL by 1-25-2011 or emergency language will
					 be repealed by operation of law on the following day.
2. New article
					 5 (section 5340) and section refiled 1-6-2011
					 as an emergency; operative 1-6-2011 (Register 2011, No. 1). A Certificate of
					 Compliance must be transmitted to OAL by 4-6-2011 or emergency language will be
					 repealed by operation of law on the following day.
3. New article 5
					 (section 5340) and section refiled 4-1-2011
					 as an emergency; operative 4-6-2011 (Register 2011, No. 13). A Certificate of
					 Compliance must be transmitted to OAL by 7-5-2011 or emergency language will be
					 repealed by operation of law on the following day.
4. Certificate of
					 Compliance as to 4-1-2011 order, including amendment of NOTE, transmitted to
					 OAL 6-2-2011 and filed 7-1-2011 (Register 2011, No. 26).
Note: Authority cited: Section
						8869.94,
						Government Code. Reference: Sections
						8869.84(c),
						8869.84(g),
						8869.85(a)
						and
						8869.85(b),
						Government Code.