Statute · California Health and Safety Code
Cal. Health & Safety Code § 50009 — Legislative Findings and Declarations
Cal. Health & Safety Code § 50009
- Type
- Statute
- Source
- California Health and Safety Code
- Jurisdiction
- California
- Date
- 1983-07-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The Legislature finds and declares that the utilization of tax-exempt mortgage revenue bonds can, and should, encourage the production of housing units affordable to low- and moderate-income persons and families. The Legislature further finds and declares that as a result of recent bond interest…
Citator
Cal. Health & Safety Code § 50009 — Legislative Findings and Declarations is in force in the current edition of the Code, and nothing recorded condemns it.
The Legislature finds and declares that the utilization of tax-exempt mortgage revenue bonds can, and should, encourage the production of housing units affordable to low- and moderate-income persons and families. The Legislature further finds and declares that as a result of recent bond interest rates at historically high levels, tax-exempt mortgage revenue bond programs may not be able to provide housing affordable to low- and moderate-income persons and families, without an additional subsidy. The Legislature further finds and declares that the effectiveness of tax-exempt mortgage revenue bonds in reducing the housing costs of low- and moderate-income persons and families should be carefully monitored by the Legislature to permit an assessment of the costs and benefits of this financing mechanism.