§ 51475 (a) The Legislature finds and declares:(1) Significant …
§ 51476 The agency shall administer a program for the preservation of …
§ 51477 There is hereby created in the State Treasury an Affordable Housing …
§ 51478 All of the powers granted under this chapter are cumulative with …
§ 51479 In administering a program for the preservation of multifamily …
§ 51480 (a) (1) Mortgage lending authorized by this chapter shall …
§ 51481 Mortgages made by the agency under authority of this chapter shall be …
§ 51482 The agency shall adopt policies by resolution of the board for the …
§ 51483 The agency shall consult with an outside advisory committee to assist …
§ 51484 The agency shall have all powers granted under authority of this part …

Terms Used In California Codes > Health and Safety Code > Division 31 > Part 3 > Chapter 10 - Multifamily Housing

  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Contract: A legal written agreement that becomes binding when signed.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • department: means State Department of Health Services. See California Health and Safety Code 20
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • 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
  • Fund: as used in this chapter means the Affordable Housing Preservation and Rehabilitation Fund. See California Health and Safety Code 51477
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • State: means the State of California, unless applied to the different parts of the United States. See California Health and Safety Code 23