Cal. Health & Saf. Code § 51648

Current through the 2023 Legislative Session.

Section 51648 - Efforts while maintaining actuarial soundness of fund

While maintaining the actuarial soundness of the fund, the agency shall make efforts to do both of the following:

(a) Equitably distribute insurance based on a regionalized basis, weighted in accordance with the geographic distribution of the state's population.

(b) Focus on housing opportunities that benefit any of the following:

(1) Households with incomes at or below area median income.

(2) Households that require mortgages at or above 95 percent of the price of the home.

(3) Households that are participating in locally administered housing programs.

Ca. Health and Saf. Code § 51648

Amended by Stats 2003 ch 553 (AB 304), s 9, eff. 1/1/2004.