§ 33437 Redevelopment Property Use Requirements

Health and Safety Code·California

AI SummaryVerified

Key Takeaways

•If you buy or rent property in a redevelopment area, you must use it for what the plan says (like building homes or shops, not leaving it empty).
•You have to start fixing up or building on the property within a set time—no waiting forever.
•You can’t just buy the land to sell it later for a big profit; the rules stop people from doing that.
•The agency can add other rules to make sure the project helps the community, not just the buyer.

Example

A company buys an empty lot in a redevelopment area to build apartments.

The company must start building within the time given (like 2 years) and can’t just sit on the land to sell it later for more money. If they break the rules, the agency can take the land back.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 33437 Redevelopment Property Use Requirements

An agency shall obligate lessees or purchasers of property acquired in a redevelopment project to: (a) Use the property for the purpose designated in the redevelopment plans. (b) Begin the redevelopment of the project area within a period of time which the agency fixes as reasonable. (c) Comply with the covenants, conditions, or restrictions that the agency deems necessary to prevent speculation or excess profittaking in undeveloped land, including right of reverter to the agency. Covenants, conditions, and restrictions imposed by an agency may provide for the reasonable protection of lenders. (d) Comply with other conditions which the agency deems necessary to carry out the purposes of this part. (Amended by Stats. 1997, Ch. 565, Sec. 3. Effective January 1, 1998.)

Last verified: January 23, 2026

Key Terms

redevelopment property covenant lease speculation protection

References

Official text at leginfo.legislature.ca.gov
California Legislature. Health and Safety Code. Section 33437.

§ 33437 Redevelopment Property Use Requirements

Health and Safety Code·California

AI SummaryVerified

§ 33437 Redevelopment Property Use Requirements

Key Takeaways

•If you buy or rent property in a redevelopment area, you must use it for what the plan says (like building homes or shops, not leaving it empty).
•You have to start fixing up or building on the property within a set time—no waiting forever.
•You can’t just buy the land to sell it later for a big profit; the rules stop people from doing that.
•The agency can add other rules to make sure the project helps the community, not just the buyer.

Example

A company buys an empty lot in a redevelopment area to build apartments.

The company must start building within the time given (like 2 years) and can’t just sit on the land to sell it later for more money. If they break the rules, the agency can take the land back.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 33437 Redevelopment Property Use Requirements

Last verified: January 23, 2026

Key Terms

redevelopment property covenant lease speculation protection

References

Official text at leginfo.legislature.ca.gov
California Legislature. Health and Safety Code. Section 33437.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References