2010 California Code
Health and Safety Code
Chapter 6.5. Manufactured Housing

51320.  The agency may make or purchase loans for the following
purposes:
   (a) To finance the acquisition, construction, or development of
mobilehome parks that meet either of the following criteria:
   (1) Are cooperatively owned by persons and families of low and
moderate income.
   (2) Consist of lots that will be purchased or rented primarily by
persons and families of low and moderate income. However, if
subsidies are available, the costs of renting spaces and making
mortgage payments on manufactured housing shall be affordable to
those persons of low income residing within the park. In the event of
a mobilehome park owned by a nonprofit corporation which will own
the lots and the mobilehomes, the loans may include financing of park
acquisition, construction, or development and manufactured housing
acquisition.
   (b) To finance the purchase of manufactured housing to be placed
in a mobilehome park which is financed pursuant to subdivision (a).
   (c)  For the purposes of this chapter, "loan" shall include
lease-purchase financing.



51321.  Subject to the limitations of this chapter, the agency may,
in addition to any other power conferred by this part, issue revenue
bonds as provided in Chapter 7 (commencing with Section 51350) to
finance the making or purchase of loans made for the purposes
described in Section 51320.



51321.3.  For the purposes of this chapter, the agency shall have
the power to issue its bonds to defray, in whole or in part, the
costs of studies and surveys, insurance premiums, underwriting fees,
legal, accounting, and marketing services incurred in connection with
the issuance and sale of bonds, including bond and mortgage reserve
accounts, trustee, custodian, and rating agency fees, and other costs
reasonably related to the foregoing.



51321.6.  Subject to the provisions of this part, the agency may
insure or guarantee loans made for the purposes described in Section
51320.


51322.  With respect to any of the activities undertaken pursuant to
Section 51320, the agency may establish maximum purchase prices for
manufactured housing and maximum loan amounts and loan terms, as it
deems necessary to protect the state's credit, while still permitting
persons and families of low and moderate income to purchase
manufactured housing at affordable housing costs.
   Rental mobilehome parks financed pursuant to Section 51320 shall
be subject to the same conditions applicable to housing sponsors
pursuant to Article 5 (commencing with Section 51200) of Chapter 4 of
Part 3.