Statute · California Health and Safety Code
Cal. Health & Safety Code § 51349.3 — Disaster Rebuilding Fund Act
Cal. Health & Safety Code § 51349.3
- Type
- Statute
- Source
- California Health and Safety Code
- Jurisdiction
- California
- Date
- 2026-07-13
- Current through
- Nov 2, 2026 (California Legislative Counsel)
For purposes of this chapter, the following definitions apply:
Citator
Cal. Health & Safety Code § 51349.3 — Disaster Rebuilding Fund Act is in force in the current edition of the Code, and nothing recorded condemns it.
For purposes of this chapter, the following definitions apply:
(a) “Agency” means the California Housing Finance Agency.
(b) “Construction loan loss guarantee” means a form of credit enhancement in which the agency agrees to reimburse a participating lender for a portion of the loss incurred on an eligible construction loan made to an eligible homeowner for the construction, reconstruction, or renovation of a home damaged or destroyed in a qualified disaster.
(c) “Construction loan rate buydown” means a form of financial assistance in which the agency reimburses the participating lender for all or a portion of lender funded temporary or permanent interest rate reductions on an eligible construction loan made to an eligible homeowner for the construction, reconstruction, or renovation of a home damaged or destroyed in a qualified disaster.
(d) “Qualified disaster” means a disaster that received a state of emergency proclamation by the Governor, or a major disaster declaration approved by the President of the United States.