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 11 - Homeownership Assistance Program
Article 1 - General
Section 7900 - Scope and Authority

Universal Citation: 25 CA Code of Regs 7900

Current through Register 2024 Notice Reg. No. 38, September 20, 2024

(a) These regulations implement and interpret the Homeownership Assistance Program, Sections 50775 through 50779, inclusive, of the Health and Safety Code. They establish procedures for the allocation of financial assistance to eligible households to enable them to acquire ownership of housing which they would otherwise be unable to purchase. They also delegate authority from the Director of the Department of Housing and Community Development to a committee established pursuant to Title 25, California Administrative Code, Section 6902 (d) for the review and recommendation of financial assistance under the Program.

(b) The program is divided into four main components which delineate the different situations in which purchases will be assisted for eligible households. The four main components consist of:

(1) assistance to eligible households to purchase rental housing (including spaces in mobilehome parks) being converted to condominium or cooperative ownership;

(2) assistance to eligible households to purchase mobilehomes on permanent foundations and not located within mobilehome parks;

(3) assistance to nonprofit and stock cooperative corporations to purchase or develop mobilehome parks; and

(4) assistance to eligible households to purchase shares in a cooperative corporation which owns a mobilehome park.

1. New Subchapter 11, Articles 1-4 (Sections 7900-7938, not consecutive) filed 7-11-80; effective thirtieth day thereafter (Register 80, No. 28).
2. Amendment of subsection (a) filed 11-13-80 as an emergency; effective upon filing (Register 80, No. 46). A Certificate of Compliance must be transmitted to OAL within 120 days or emergency language will be repealed on 3-13-81.
3. Certificate of Compliance including amendment transmitted to OAL 3-13-81 and filed 4-14-81 (Register 81, No. 16).

Note: Authority cited: Sections 50406, 50775, 50776, 50777, and 50778, Health and Safety Code. Reference: Sections 50775, 50776, 50777, and 50778, Health and Safety Code.

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