SECTIONS 50835-50836.5 - California Statutes

HEALTH AND SAFETY CODE

SECTION 50835-50836.5

50835. (a) The Legislature finds and declares all of the following:
(1) In 1990, the Cranston-Gonzalez National Affordable Housing Act
was enacted by the Congress and President of the United States as
Public Law 101-625. The act affirms as a national goal that every
American family be able to afford a decent home in a suitable
environment. The act authorizes fifty-two billion dollars
($52,000,000,000) of expenditures on housing and community
development during federal fiscal years 1991 and 1992.
(2) Titles II and IV of the National Affordable Housing Act
enacted the HOME Investment Partnerships Act programs and the
Homeownership and Opportunity for People Everywhere (HOPE) program,
respectively. A requirement of the HOME and HOPE legislation is that
a portion of the funding for each recipient project shall be matched
by funds from nonfederal sources in order to carry out the
homeownership program.
(b) In enacting this chapter, it is therefore the intent of the
Legislature to provide a mechanism for California to fulfill the
nonfederal matching funds requirements.

50836. (a) Local government agencies may exempt, for a period of up
to 20 years, from local taxes, fees, or assessments, any housing
project owned or operated by a nonprofit entity, a for-profit entity,
a limited equity cooperative, or any other entity which qualifies
for, and receives, federal aid under either Title II or IV of the
Cranston-Gonzalez National Affordable Housing Act (Public Law
101-625).
(b) Redevelopment agencies which use their non-low- and
moderate-income funds to participate in funding projects which also
receive funding pursuant to either Title II or IV of the
Cranston-Gonzalez National Affordable Housing Act (Public Law
101-625) shall include that activity in their annual reports prepared
pursuant to Section 33080.1.
(c) The California Housing Insurance Fund may use its resources to
assist nonprofit corporations exempt from federal income taxes
pursuant to Section 501(c)(3) of the Internal Revenue Code,
redevelopment agencies, local finance agencies, and for-profit
corporations which receive funding pursuant to either Title II or IV
of the Cranston-Gonzalez National Affordable Housing Act (Public Law
101-625).

50836.5. (a) It is the intent of the Legislature in enacting this
section to assist the State of California in maximizing its
participation in the HOME and HOPE programs.
(b) Notwithstanding Section 33334.2, 33334.3, or any other
provision of law:
(1) To the extent there is a conflict between the requirements of
subdivision (b) of Section 33334.3 relating to the repayment of
moneys loaned from the Low and Moderate Income Housing Fund and the
regulations of the HOME and HOPE programs, the federal requirements
shall prevail. This paragraph shall not apply to any other moneys
received or administered by a redevelopment agency.
(2) A redevelopment agency may not include moneys received
pursuant to the HOME or HOPE programs in making a finding pursuant to
paragraph (3) of subdivision (a) of Section 33334.2.