2007 California Government Code Article 2. California Earthquake Safety And Housing Rehabilitation Program

CA Codes (gov:8878.20-8878.22)

8878.20.  (a) Of the proceeds of bonds issued and sold pursuant to
this chapter, eighty million dollars (,000,000) shall be deposited
in a special account in the Housing Rehabilitation Loan Fund and
shall be used by the department, in accordance with the criteria and
priorities now or hereafter established by statute, to make deferred
payment loans to increase the ability of unreinforced masonry
multifamily residential structures to withstand earthquakes.  To be
eligible for a loan funded pursuant to this section, not less than 70
percent of the tenants shall be households specified in Section
50079.5 of the Health and Safety Code.
   (b) Prior to making commitments under this program for loans in a
particular local agency's jurisdiction, the department shall
determine that the local agency has completed an inventory of the
unreinforced masonry structures within its jurisdiction and has
adopted a mitigation ordinance pursuant to Section 8875.2 or Section
19163 of the Health and Safety Code.  The local agency shall
establish criteria, terms, and conditions to identify eligible rental
housing developments.  Only structures identified as potentially
hazardous buildings by a local agency, in accordance with criteria of
Section 8875, shall be eligible for the loans.
   (c) All seismic safety rehabilitation improvements made with loans
funded pursuant to this section shall be in accordance with a plan
developed for the structure by a civil engineer or architect.
   (d) Loans made pursuant to this section shall constitute liens in
favor of the department.  Payments of the principal of, and interest
on, the loans shall be deposited in the Housing Rehabilitation Loan
Fund.



8878.21.  Of the proceeds of bonds issued and sold pursuant to this
chapter, seventy million dollars (,000,000) shall be deposited in
a special account in the Housing Rehabilitation Loan Fund and shall
be used by the department, in accordance with the criteria and
priorities now or hereafter established by statute, for the housing
rehabilitation loan programs authorized by Chapter 6.5 (commencing
with Section 50660) of Part 2 of Division 31 of the Health and Safety
Code, including the Special User Housing Rehabilitation Program
authorized by Section 50670 of the Health and Safety Code, but not
including the special program authorized by Section 50662.5.
However, none of the moneys allocated pursuant to this section shall
be used to make deferred payment loans to acquire residential hotels.




8878.22.  Notwithstanding the allocation of bond proceeds specified
in Sections 8878.20 and 8878.21, the director of the department every
two years, commencing June 30, 1990, may reallocate the bond
proceeds pursuant to this section between the accounts established in
the Housing Rehabilitation Loan Fund by Sections 8878.20 and
8878.21.  The director of the department may reallocate these moneys
as necessary to satisfy program needs if demand for loans from one of
the accounts substantially exceeds the level of funding therein and
there is an unencumbered balance in the other account which exceeds
the amount of loans for which there are then pending applications.
The amount of any transfer from an account in the Housing
Rehabilitation Loan Fund pursuant to this section may not include
moneys for which loan applications from potentially eligible
applicants are then pending.