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HomeHealth and Safety CodeDiv. 31Pt. 3Ch. 6.3§ 51316 Special Needs Housing Financing

§ 51316 Special Needs Housing Financing

Health and Safety Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 51316 Special Needs Housing Financing

Key Takeaways

  • •The government can help pay for special homes for people who need extra help, like those with disabilities or low income.
  • •They can give loans or promises to buy loans from banks to build, fix, or improve these homes.
  • •This help can also include big fixes or upgrades to make these homes better.

Example

A family with a disabled child needs a home with special features like ramps and wider doors.

The government can give money or loans to build or fix up a home so it’s easier for the child to live in. They might work with banks to make this happen.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 51316 Special Needs Housing Financing

Subject only to the limitations prescribed in this chapter, the agency, in addition to any other power conferred by this part, may purchase, or undertake, directly or indirectly through lending institutions, commitments to purchase, construction loans, mortgage loans, or other types of loans originated in accordance with a financing agreement with the agency to finance the acquisition, construction, rehabilitation, refinancing, or development of special needs housing, and for the provision of capital improvements in connection with, and determined necessary to, such housing. (Added by Stats. 2006, Ch. 748, Sec. 4. Effective January 1, 2007.)

Last verified: January 24, 2026

Key Terms

acquisitionagreementmortgageconstructionthe california housingfinance agencyadditionaccordance

Related Statutes

  • § 51314 Special Needs Housing Bonds
  • § 51315 Special Needs Housing Loans
  • § 51332 Multifamily Housing Financing Powers
  • § 51064 Affordable Housing Sale Prices
  • § 51330 Multifamily Housing Revenue Bonds

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Health and Safety Code. Section 51316.
View Official Source