Section 51450 Of Chapter 9. School Facility Fee Affordable Housing Assistance Programs From California Health And Safety Code >> Division 31. >> Part 3. >> Chapter 9.
51450
. (a) It is the intent of the Legislature that affordable
homebuyer and rental housing programs be implemented to address the
needs of economically distressed entities in the state and the needs
of very low, low-, and moderate-income homebuyers and renters who may
be affected by the impact of school facility fees on the development
of affordable housing.
(b) The Department of General Services shall contract with the
California Housing Finance Agency for the administration of the
programs established by this chapter and for the allocation of funds
to the purchasers of newly constructed residential structures and the
housing sponsors of housing developments, pursuant to this chapter.
The California Housing Finance Agency shall administer these programs
and allocate funds in accordance with that agency's authority as set
forth in Part 3 (commencing with Section 50900) of Division 31.