The Foreclosure Intervention Housing Preservation Program is hereby created for the purpose of preserving affordable housing and promoting resident ownership or nonprofit organization ownership of residential real property. The program shall be administered by the department and shall provide loans and grants as described in this chapter.

(Added by Stats. 2021, Ch. 111, Sec. 23. (AB 140) Effective July 19, 2021.)

Terms Used In California Health and Safety Code 50720

  • Department: means the Department of Housing and Community Development. See California Health and Safety Code 50720.4
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Program: means the Foreclosure Intervention Housing Preservation Program. See California Health and Safety Code 50720.4
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
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