California AB750 amends the Health and Safety Code to allow the Department of Housing and Community Development to approve loan extensions and.

California AB750 amends Section 50607 of the Health and Safety Code to allow the Department of Housing and Community Development to approve extensions of existing loans, reinstatements of unpaid matured loans, subordinations of loans to new indebtedness, or investments of tax credit equity for multifamily housing projects. The department may grant priority to developments that meet specific criteria, such as being at risk of conversion to unrestricted use or having insufficient access to private or other public resources.

California AB750 amends the Health and Safety Code to allow the Department of Housing and Community Development to approve loan extensions and.

California AB750 amends Section 50607 of the Health and Safety Code to allow the Department of Housing and Community Development to approve extensions of existing loans, reinstatements of unpaid matured loans, subordinations of loans to new indebtedness, or investments of tax credit equity for multifamily housing projects. The department may grant priority to developments that meet specific criteria, such as being at risk of conversion to unrestricted use or having insufficient access to private or other public resources.