§ 50750 Rural Rental Housing Contracts

• •The state can make deals with local groups in small towns to help build rental homes.
• •The town or county must agree first before the state can make these deals.
• •The deal makes sure that the rules for building and managing the rental homes are followed.

A small town needs more houses for people to rent. A local bank wants to help build these houses but needs the state's support.

The town agrees to let the state work with the local bank. The state then makes a deal with the bank to make sure the houses are built and managed the right way.