Section 51064 Of Chapter 4. General Powers From California Health And Safety Code >> Division 31. >> Part 3. >> Chapter 4.
51064
. The agency shall establish maximum sale prices for the
initial sale of residential structures, the acquisition,
construction, or rehabilitation of which is financed by the agency in
anticipation of sale to persons and families of low or moderate
income. The agency shall also establish a price for any residential
structure whenever the buyer of such residential structure receives a
mortgage loan from the agency. The maximum sale prices established
by the agency pursuant to this section may provide a reasonable
profit to the seller while serving the purposes of this division.