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Cal. Health & Safety Code § 51061

General Powers

Known as the Zenovich-Moscone-Chacon Housing and Home Finance Act

The act spans §§ 50000–54913 (995 sections).

Added by Stats. 1977, Ch. 610.

The agency may sell or convey real property owned by the agency to persons and families of low or moderate income, nonprofit housing sponsors, and local public entities. Such sale or conveyance may be without consideration if the agency received the property upon condition that it be so conveyed or sold and if such sale or conveyance will inure primarily to the benefit of persons and families of low or moderate income living in a housing development.

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.