Section 51400 Of Chapter 8. Taxable Securities From California Health And Safety Code >> Division 31. >> Part 3. >> Chapter 8.
51400
. The Legislature finds and declares that it is essential to
the economic growth of the state and the supply of adequate
residential and multifamily rental housing in the state and that it
is a public purpose to expand the program of the agency of purchasing
and selling residential mortgage loans for which all California
families may be eligible and financing, purchasing, and selling loans
for multifamily rental housing. The Legislature also finds and
declares that it is a public purpose to create procedures through
which the agency may issue mortgage-backed securities to finance
these purchases for sale to pension funds, institutional investors,
and individuals.