Section 37001 Of Part 8. Public Housing Election Implementation Law From California Health And Safety Code >> Division 24. >> Part 8.
37001
. The term "low-rent housing project," as defined in Section 1
of Article XXXIV of the California Constitution, does not apply to
any development composed of urban or rural dwellings, apartments, or
other living accommodations, which meets any one of the following
criteria:
(a) (1) The development is privately owned housing, receiving no
ad valorem property tax exemption, other than exemptions granted
pursuant to subdivision (f) or (g) of Section 214 of the Revenue and
Taxation Code, not fully reimbursed to all taxing entities; and (2)
not more than 49 percent of the dwellings, apartments, or other
living accommodations of the development may be occupied by persons
of low income.
(b) The development is privately owned housing, is not exempt from
ad valorem taxation by reason of any public ownership, and is not
financed with direct long-term financing from a public body.
(c) The development is intended for owner-occupancy, which may
include a limited equity housing cooperative as defined in Section
50076.5, or cooperative or condominium ownership, rather than for
rental-occupancy.
(d) The development consists of newly constructed, privately
owned, one-to-four family dwellings not located on adjoining sites.
(e) The development consists of existing dwelling units leased by
the state public body from the private owner of these dwelling units.
(f) The development consists of the rehabilitation,
reconstruction, improvement or addition to, or replacement of,
dwelling units of a previously existing low-rent housing project, or
a project previously or currently occupied by lower income
households, as defined in Section 50079.5.
(g) The development consists of the acquisition, rehabilitation,
reconstruction, improvement, or any combination thereof, of a rental
housing development which, prior to the date of the transaction to
acquire, rehabilitate, reconstruct, improve, or any combination
thereof, was subject to a contract for federal or state public body
assistance for the purpose of providing affordable housing for
low-income households and maintains, or enters into, a contract for
federal or state public body assistance for the purpose of providing
affordable housing for low-income households.