2007 California Civil Code Article 1. Legislative Findings And Declarations

CA Codes (civ:1917.110)

1917.110.  The Legislature hereby finds and declares that:
   (a) It is necessary and essential that the state provide and
promote alternative means of supplying affordable housing to the
citizens of the state.
   (b) Because of current economic conditions, including the
unprecedented fluctuation in interest rates, alternative mortgage
instruments must be developed to supplement the standard long-term,
fixed-rate mortgage.
   (c) State facilitation of the shared appreciation loan will serve
the need to develop alternative means of financing housing,
particularly new homes, and will help to create vitally needed jobs
in the construction industry.