Statute · California Health and Safety Code
Cal. Health & Safety Code § 50862.5 — Building Equity and Growth in Neighborhoods Program
Cal. Health & Safety Code § 50862.5
- Type
- Statute
- Source
- California Health and Safety Code
- Jurisdiction
- California
- Date
- 2008-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Downpayment assistance provided pursuant to this chapter shall be in the form of a second mortgage loan. The maximum amount of the loan shall be set in the current Notice of Funding Availability (NOFA), but in no case shall the loan exceed 20 percent of the sale price of the residence. The loan…
Citator
Cal. Health & Safety Code § 50862.5 — Building Equity and Growth in Neighborhoods Program is in force in the current edition of the Code, and nothing recorded condemns it.
Downpayment assistance provided pursuant to this chapter shall be in the form of a second mortgage loan. The maximum amount of the loan shall be set in the current Notice of Funding Availability (NOFA), but in no case shall the loan exceed 20 percent of the sale price of the residence. The loan shall accrue simple interest.