50672. It is the intent of the Legislature in enacting this chapter to expedite the construction and production of housing developments that have received a commitment of funds from multifamily housing direct loan programs administered by the department, but are unable to proceed due to the competitiveness of tax credit and bond allocations.
(Amended by Stats. 2022, Ch. 70, Sec. 14. (SB 197) Effective June 30, 2022.)
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