California § 51306 - Financing assistance for housing developments in concentrated rehabilitation area
Full text of California Public Contract Code - PCC § 51306 — Financing assistance for housing developments in concentrated rehabilitation area, with citation guidance and answers to common questions.
§ 51306. Financing assistance for housing developments in concentrated rehabilitation area
Financing assistance for housing developments in concentrated rehabilitation areas may include any or all of the following types of loans: (a) Development loans to prepare for rehabilitation. (b) Mortgage loans for purchase of housing developments. (c) Construction loans for rehabilitation, or for rehabilitation with acquisition or refinancing. (d) Mortgage loans for rehabilitation, or for rehabilitation with acquisition or refinancing, where the cost of acquisition and rehabilitation or the cost of rehabilitation without refinancing exceeds the financial capability of the owner, or would result in rents which are not competitive for the area, as determined by the agency. For owner-occupied housing developments, the terms and interest rates of such mortgage loans shall be commensurate with ability to pay, as established by regulations of the agency.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 51306
What does Public Contract Code - PCC § 51306 cover?
Section 51306 ("Financing assistance for housing developments in concentrated rehabilitation area") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 51306?
A common citation format is "Public Contract Code - PCC § 51306" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 51306 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.