California Code of Regulations › Title 4 - Business Regulations › Division 9.5 - California Debt Limit Allocation Committee › Chapter 2 - Qualified Residential Rental Projects › Article 6 - Acquisition and Rehabilitation Projects › Section 5210 - Minimum Expenditures

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Except as set forth in subdivision (a) of this section,
					 Qualified Residential Rental Projects involving the rehabilitation of existing
					 buildings must complete a minimum of $15,000 in hard construction costs per
					 unit.
(a) At Risk Projects that
				  receive only an award of Bond authority and do not receive low income housing
				  tax credits must spend the minimum amount required by
				  26 U.S.C. section
				  147(d)(2).
(b) For purposes of this article, "hard
				  construction costs" means the sum of the structure costs plus on-site and
				  off-site costs.
1. New
					 article 5 (sections
					 5210-5212) 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					 language will be repealed by operation of law on the following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
					 5210-5212) 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					 language will be repealed by operation of law on the following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
					 5210-5212) 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					 language will be repealed by operation of law on the following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 (b), transmitted to OAL 6-2-2011 and filed 7-1-2011
					 (Register 2011, No. 26).
5. Renumbering of former article 5 to
					 article 6 filed 12-9-2011 as an emergency; operative 12-9-2011 (Register 2011,
					 No. 49). A Certificate of Compliance must be transmitted to OAL by 6-6-2012 or
					 emergency language will be repealed by operation of law on the following
					 day.
6. Renumbering of former article 5 to article 6 refiled
					 6-1-2012 as an emergency; operative 6-1-2012 (Register 2012, No. 22). A
					 Certificate of Compliance must be transmitted to OAL by 8-30-2012 or emergency
					 language will be repealed by operation of law on the following
					 day.
7. Renumbering of former article 5 to article 6 refiled
					 8-29-2012 as an emergency; operative 8-29-2012 (Register 2012, No. 35). A
					 Certificate of Compliance must be transmitted to OAL by 11-27-2012 or emergency
					 language will be repealed by operation of law on the following
					 day.
8. Certificate of Compliance as to 8-29-2012 order transmitted
					 to OAL 11-26-2012 and filed 1-8-2013 (Register 2013, No. 2).
9.
					 Amendment of subsections (a) and (c) 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.
10. Certificate of Compliance
					 as to 11-9-2015 order, including nonsubstantive amendment of section,
					 transmitted to OAL 1-27-2016 and filed 3-10-2016 (Register 2016, No.
					 11).
11. Editorial correction of HISTORY 10 (Register 2016, No.
					 25).
12. Amendment filed 2-1-2021 as an emergency pursuant to
					 Governmental Code section
					 8869.94;
					 operative 2-1-2021. Emergency expiration extended 60 days (Executive Order
					 N-40-20) plus an additional 60 days (Executive Order N-71-20) (Register 2021,
					 No. 6). A Certificate of Compliance must be transmitted to OAL by 11-30-2021 or
					 emergency language will be repealed by operation of law on the following
					 day.
13. Refiling of 2-1-2021 order on 12-3-2021 as an emergency;
					 operative 12-3-2021 (Register 2021, No. 49). A Certificate of Compliance must
					 be transmitted to OAL by 3-3-2022 or emergency language will be repealed by
					 operation of law on the following day.
14. Certificate of Compliance
					 as to 12-3-2021 and amendment of subsection (a) transmitted to OAL 4-11-2022
					 and filed 5-23-2022 (Register 2022, No. 21).
Note: Authority cited: Section
						8869.94, Government Code.
						Reference: Sections
						8869.84(c),
						8869.85(a)
						and
						8869.85(b),
						Government Code.