Section 52002 Of Chapter 1. Legislative Findings And Declarations From California Health And Safety Code >> Division 31. >> Part 5. >> Chapter 1.

. The Legislature finds and declares that it is necessary and essential that counties and cities be authorized to directly or indirectly make long-term, low-interest loans to persons not presently eligible for financing through private sector lending institutions to finance construction, rehabilitation, and acquisition of homes in order to encourage investment and upgrade local areas.