California Code
PART 3 - CALIFORNIA HOUSING FINANCE AGENCY
CHAPTER 5 - Financing of Housing Developments and Residential Structures

ARTICLE 1 - Loans for Housing Developments

Section 51100. - 51100. Subject to the limitations prescribed by Article 4 (commencing...

Section 51101. - 51101. The agency may make and publish rules and regulations...

Section 51102. - 51102. The agency shall enter into regulatory contracts and other...

Section 51103. - 51103. Prior to the commitment of moneys under this part...

Section 51104. - 51104. Notwithstanding any other provisions of this part, only the...

ARTICLE 2 - Loans Through Intermediary Lenders and Mortgage Purchase and Sale

Section 51125. - 51125. The agency may invest in, purchase, or make commitments...

Section 51126. - 51126. The agency may invest in, purchase, or make commitments...

Section 51127. - 51127. The agency may insure or guarantee any obligation held...

Section 51128. - 51128. Sales of mortgage obligations and securities pursuant to this...

ARTICLE 3 - Loans to Qualified Mortgage Lenders

Section 51150. - 51150. The agency may make loans to qualified mortgage lenders...

Section 51151. - 51151. Mortgage loans shall not be made under this article...

Section 51152. - 51152. Loans shall not be made by the agency to...

Section 51153. - 51153. In connection with loans made pursuant to this article,...

ARTICLE 4 - Lender of Last Resort

Section 51175. - 51175. Except as provided in this article, the agency shall...

Section 51176. - 51176. In rural mortgage areas the agency may make and...

Section 51177. - 51177. The agency may make and undertake commitments to make...

ARTICLE 4.5 - Subordinated Mortgage Loans

Section 51180. - 51180. As used in this article: (a) “Subordinated loan” means...

Section 51181. - 51181. The agency shall accept applications from housing sponsors for...

Section 51182. - 51182. The agency shall determine the manner in which subordinated...

ARTICLE 5 - Supervision of Housing Sponsors

Section 51200. - 51200. With respect to housing developments financed by a mortgage...

Section 51201. - 51201. The agency may do any of the following with...

Section 51202. - 51202. Every housing sponsor of a rental or cooperative housing...

Section 51203. - 51203. Upon making a determination that the financial status of...

Section 51204. - 51204. The agency may prescribe regulations specifying the categories of...

Section 51205. - 51205. (a) The agency may institute any action or proceeding...

Section 51206. - 51206. Whenever a housing sponsor of a rental or cooperative...

Section 51207. - 51207. A person or family of low or moderate income...

ARTICLE 5.7 - Elderly Congregate Housing

Section 51215. - 51215. The agency shall make loans to finance the construction...

Section 51216. - 51216. An application by a housing sponsor for financing under...

Section 51217. - 51217. The management of congregate housing for the elderly shall,...

Section 51218. - 51218. At the close of each fiscal year, commencing with...

ARTICLE 6 - Priorities

Section 51225. - 51225. In selecting proposals for financing, the agency shall balance...

Section 51226. - 51226. (a) Subject to the availability of adequate subsidies, not...

Section 51226.5. - 51226.5. (a) Notwithstanding the provisions of Section 51226, in each...

Section 51227. - 51227. At the close of each fiscal year the agency...

Section 51227.7. - 51227.7. It shall be a goal of the agency that...

Section 51228. - 51228. At the time a mortgage loan commitment is made...

Section 51230. - 51230. Not less than 30 percent nor more than 40...

Section 51231. - 51231. The agency shall assist housing sponsors in obtaining subsidies....

Section 51232. - 51232. To implement the purposes of this division, the agency...

ARTICLE 7 - State and Local Cooperation

Section 51250. - 51250. The agency may, in connection with a housing development,...

Section 51251. - 51251. Notwithstanding any other provision of law, the Department of...

Section 51252. - 51252. (a) Upon application to the department, any city, county,...