62100
. (a) Not less than 25 percent of all taxes that are allocated
to the authority from any participating entity pursuant to Section
62005 shall be deposited into a separate Low and Moderate Income
Housing Fund pursuant to Section 62101 and used by the authority for
the purposes of increasing, improving, and preserving the community's
supply of low- and moderate-income housing available at affordable
housing cost, as defined by the following sections of the Health and
Safety Code: Section 50052.5, to persons and families of low or
moderate income, as defined in Section 50093, lower income
households, as defined by Section 50079.5, very low income
households, as defined in Section 50105, and extremely low income
households, as defined by Section 50106, that is occupied by these
persons and families unless the authority makes a finding that
combining funding received under this program with other funding for
the same purpose shall reduce administrative costs or expedite the
construction of affordable housing. If the authority makes such a
finding, then (1) an authority may transfer funding from the program
adopted pursuant to subdivision (c) of Section 62003 to the housing
authority within the territorial jurisdiction of the local
jurisdiction that created the authority or to the entity that
received the housing assets of the former redevelopment agency
pursuant to Section 34176 of the Health and Safety Code or to a
private nonprofit housing developer, and (2) Section 34176.1 of the
Health and Safety Code shall not apply to funds transferred. Funding
shall be spent within the plan area in which the funds were
generated. Any recipient of funds transferred pursuant to this
subdivision shall comply with all applicable provisions of this part.
(b) In carrying out the purposes of this section, the authority
may exercise any or all of its powers for the construction,
rehabilitation, or preservation of affordable housing for extremely
low, very low, low- and moderate-income persons or families,
including the following:
(1) Acquire real property or building sites subject to Section
62112.
(2) (A) Improve real property or building sites with onsite or
offsite improvements, but only if both (i) the improvements are part
of the new construction or rehabilitation of affordable housing units
for low- or moderate-income persons that are directly benefited by
the improvements, and are a reasonable and fundamental component of
the housing units, and (ii) the authority requires that the units
remain available at affordable housing cost to, and occupied by,
persons and families of extremely low, very low, low, or moderate
income for the same time period and in the same manner as provided in
subdivision (c) and paragraph (2) of subdivision (f) of Section
62101.
(B) If the newly constructed or rehabilitated housing units are
part of a larger project and the agency improves or pays for onsite
or offsite improvements pursuant to the authority in this
subdivision, the authority shall pay only a portion of the total cost
of the onsite or offsite improvement. The maximum percentage of the
total cost of the improvement paid for by the authority shall be
determined by dividing the number of housing units that are
affordable to low- or moderate-income persons by the total number of
housing units, if the project is a housing project, or by dividing
the cost of the affordable housing units by the total cost of the
project, if the project is not a housing project.
(3) Donate real property to private or public persons or entities.
(4) Finance insurance premiums necessary for the provision of
insurance during the construction or rehabilitation of properties
that are administered by governmental entities or nonprofit
organizations to provide housing for lower income households, as
defined in Section 50079.5 of the Health and Safety Code, including
rental properties, emergency shelters, transitional housing, or
special residential care facilities.
(5) Construct buildings or structures.
(6) Acquire buildings or structures.
(7) Rehabilitate buildings or structures.
(8) Provide subsidies to, or for the benefit of, extremely low
income households, as defined by Section 50106 of the Health and
Safety Code, very low income households, as defined by Section 50105
of the Health and Safety Code, lower income households, as defined by
Section 50079.5 of the Health and Safety Code, or persons and
families of low or moderate income, as defined by Section 50093 of
the Health and Safety Code, to the extent those households cannot
obtain housing at affordable costs on the open market. Housing units
available on the open market are those units developed without direct
government subsidies.
(9) Develop plans, pay principal and interest on bonds, loans,
advances, or other indebtedness, or pay financing or carrying
charges.
(10) Maintain the community's supply of mobilehomes.
(11) Preserve the availability to lower income households of
affordable housing units in housing developments that are assisted or
subsidized by public entities and that are threatened with imminent
conversion to market rates.
(c) The authority may use these funds to meet, in whole or in
part, the replacement housing provisions in Section 62120. However,
this section shall not be construed as limiting in any way the
requirements of that section.
(d) The authority shall use these funds inside the plan area.
(e) The Legislature finds and declares that expenditures or
obligations incurred by the authority pursuant to this section shall
constitute an indebtedness of the plan area.
(f) (1) (A) An action to compel compliance with the requirement of
this section to deposit not less than 25 percent of all taxes that
are allocated to the authority pursuant to Section 62005 in the Low
and Moderate Income Housing Fund shall be commenced within 10 years
of the alleged violation. A cause of action for a violation accrues
on the last day of the fiscal year in which the funds were required
to be deposited in the Low and Moderate Income Housing Fund.
(B) An action to compel compliance with the requirement of this
section that money deposited in the Low and Moderate Income Housing
Fund be used by the agency for purposes of increasing, improving, and
preserving the community's supply of low- and moderate-income
housing available at affordable housing cost shall be commenced
within 10 years of the alleged violation. A cause of action for a
violation accrues on the date of the actual expenditure of the funds.
(C) An agency found to have deposited less into the Low and
Moderate Income Housing Fund than mandated by Section 62101 or to
have spent money from the Low and Moderate Income Housing Fund for
purposes other than increasing, improving, and preserving the
community's supply of low- and moderate-income housing, as mandated
by this section, shall repay the funds with interest in one lump sum
pursuant to Section 970.4 or 970.5 or may do either of the following:
(i) Petition the court under Section 970.6 for repayment in
installments.
(ii) Repay the portion of the judgment due to the Low and Moderate
Income Housing Fund in equal installments over a period of five
years following the judgment.
(2) Repayment shall not be made from the funds required to be set
aside or used for low- and moderate-income housing pursuant to this
section.
(3) Notwithstanding clauses (i) and (ii) of subparagraph (C) of
paragraph (1), all costs, including reasonable attorney's fees if
included in the judgment, are due and shall be paid upon entry of
judgment or order.
(4) Except as otherwise provided in this subdivision, Chapter 2
(commencing with Section 970) of Part 5 of Division 3.6 of Title 1
for the enforcement of a judgment against a local public entity
applies to a judgment against a local public entity that violates
this section.
(5) This subdivision applies to actions filed on and after January
1, 2016.
(6) The limitations period specified in subparagraphs (A) and (B)
of paragraph (1) does not apply to a cause of action brought pursuant
to Chapter 9 (commencing with Section 860) of Title 10 of Part 2 of
the Code of Civil Procedure.