Section 51215 Of Article 5.7. Elderly Congregate Housing From California Health And Safety Code >> Division 31. >> Part 3. >> Chapter 5. >> Article 5.7.

. The agency shall make loans to finance the construction or rehabilitation of congregate housing for the elderly in an aggregate amount of fifty million dollars ($50,000,000). The loans shall be made from the proceeds of bonds authorized pursuant to subdivision (h) of Section 51350.