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CA SB77
Bill
AI Summary
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Authorizes the Department of Housing and Community Development to reduce interest rates on loans to rental housing developments to as low as 0% if the development has no other debt, uses low-income housing tax credits, and meets federal/state tax credit eligibility requirements.
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Allows the department to make advance payments to eligible borrowers and grantees under certain loan or grant programs for housing upon specified determinations.
Legislative Description
Department of Housing and Community Development: loans.
Last Action
Re-referred to Com. on RLS. (Ayes 52. Noes 27. Page 6337.) .
8/27/2012
Committee Referrals
Rules1/10/2011
Full Bill Text
No bill text available