Section 52500.

52500. This part shall be known and may be cited as the Cal-First Home Buyers Act. (Added by Stats. 1982, Ch. 320, Sec. 12. Effective June 29, 1982.)

Section 52501.

52501. This part shall be administered by the California Housing Finance Agency and all of the provisions of Part 3 (commencing with Section 50900) which are not inconsistent with the provisions of this part shall apply to the agency and its administration of this part. (Added by Stats. 1982, Ch. 320, Sec. 12. Effective June […]

Section 52502.

52502. The First-Time Home Buyers Policy Committee is hereby created within the agency for the purpose of exercising those powers and responsibilities of the agency as specifically set forth in this division and, in the exercise of those powers and responsibilities, the acts of the policy committee shall be the acts of the agency. The […]

Section 52503.

52503. The policy committee is comprised of five voting members, including a chairperson. The members shall be: (a)  The State Treasurer, or his or her designee, who shall be the chairperson of the policy committee. (b)  The chairperson of the board appointed pursuant to Section 50901. (c)  The board member appointed by the Governor pursuant […]

Section 52504.

52504. The First-Time Home Buyers Fund is hereby created in the State Treasury. All money in the fund is hereby continuously appropriated to the agency for carrying out the purposes of this part, and the application of the fund shall be subject to the provisions of Section 51000, or other applicable provisions of law. The […]

Section 52505.

52505. In addition to the purposes of the agency provided in Sections 50154 and 50950, a purpose and role of the agency is to make financing opportunities available to first-time home buyers in this state, in the manner provided in this part. (Added by Stats. 1982, Ch. 320, Sec. 12. Effective June 29, 1982.)

Section 52506.

52506. The agency shall have the power to adopt, and from time to time to amend and repeal, by action of the policy committee, rules and regulations, not inconsistent with the provisions of this part, to carry into effect the powers and purposes of the agency pursuant to this part and the conduct of its […]