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 5.5 - Special User Housing Rehabilitation Program
Section 7454 - Eligible Use of Funds
Universal Citation: 25 CA Code of Regs 7454
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
The Department shall provide direct deferred payment loans from the Fund to eligible sponsors to be used for the following purposes:
(a) to rehabilitate a substandard rental housing development for occupancy by eligible households without the use of rental assistance subsidies; or
(b) to purchase and rehabilitate a substandard rental housing development for occupancy by eligible households without the use of rental assistance subsidies.
Note: Authority cited: Section 50662, Health and Safety Code; Reference: Sections 50669-50670, Health and Safety Code.
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