While maintaining the actuarial soundness of the fund, the agency shall make efforts to do both of the following:

(a)  Equitably distribute insurance based on a regionalized basis, weighted in accordance with the geographic distribution of the state‘s population.

Terms Used In California Health and Safety Code 51648

  • area median income: means the median family income of a geographic area of the state, as annually estimated by the United States Department of Housing and Urban Development pursuant to Section 8 of the United States Housing Act of 1937. See California Health and Safety Code 50093
  • State: means the State of California, unless applied to the different parts of the United States. See California Health and Safety Code 23

(b)  Focus on housing opportunities that benefit any of the following:

(1)  Households with incomes at or below area median income.

(2)  Households that require mortgages at or above 95 percent of the price of the home.

(3)  Households that are participating in locally administered housing programs.

(Amended by Stats. 2003, Ch. 553, Sec. 9. Effective January 1, 2004.)

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