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CA SB722

CA SB722
Home financing programs.


summary

Introduced
In Committee
Crossed Over
Passed
Dead

Introduced Session

2011-2012 Regular Session

Bill Summary

An act to amend Sections 52013 and 52020 of the Health and Safety Code, relating to housing.

AI Summary

This bill extends the sunset date for certain home financing programs, allowing cities and counties to continue offering mortgages for purchasing, constructing, or improving homes. Specifically, it amends sections of the Health and Safety Code to push back the repeal date for these programs from January 1, 2012, to January 1, 2017. The bill also makes minor technical adjustments to the language defining "home mortgage" and the criteria for qualifying for these loans, ensuring the programs can continue to operate and assist Californians in obtaining housing.

Committee Categories

Transportation and Infrastructure

Sponsors (1)

Last Action

Returned to Secretary of Senate pursuant to Joint Rule 56. (on 01/31/2012)

bill text


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