California § 62259 - All housing assisted by an authority created pursuant to this division shall rema
Full text of California Public Contract Code - PCC § 62259 — All housing assisted by an authority created pursuant to this division shall rema, with citation guidance and answers to common questions.
§ 62259. All housing assisted by an authority created pursuant to this division shall rema
(a) All housing assisted by an authority created pursuant to this division shall remain affordable for at least 55 years for rental units and 45 years for owner-occupied units. (b) The authority shall execute an enforceable and verifiable agreement with a public agency, a recorded deed restriction, or other legal document that restricts the projectâs usage and that provides that the units designated for use by lower income households are continuously available to or occupied by lower income households at rents that do not exceed those prescribed by Section 50053 of the Health and Safety Code, or, to the extent that the terms of federal, state, or local financing or financial assistance conflicts with Section 50053 of the Health and Safety Code, rents that do not exceed those prescribed by the terms of the financing or financial assistance.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 62259
What does Public Contract Code - PCC § 62259 cover?
Section 62259 ("All housing assisted by an authority created pursuant to this division shall rema") 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 § 62259?
A common citation format is "Public Contract Code - PCC § 62259" (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 § 62259 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.