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Section 50066 Of Chapter 2. Definitions From California Health And Safety Code >> Division 31. >> Part 1. >> Chapter 2.
50066
. "Development loan" means a loan, made prior to the granting
of a construction loan, for planning, acquisition of land and
improvements thereon, and site preparation for a housing development
or residential structure. A development loan may include costs of
architectural, engineering, legal and consulting services, the cost
of necessary studies, surveys and governmental permits, and the cost
of any other items that the agency deems reasonable and necessary for
the initial preparation for construction or rehabilitation of a
housing development or residential structure.
