Housing Finance

AB 2161 (Chau)

Affordable housing.

2014

Description:

Current law authorizes the Department of Housing and Community Development to approve an extension of a department loan, the subordination of a department loan to new debt, or an investment of tax credit equity under specified rental housing finance programs, subject to specified conditions. This bill would include within these provisions the reinstatement of a qualifying unpaid matured loan, as defined.

Read the Bill:
Bill Text and Information

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