§ 51054 Housing Development Loan Authority

• •The government can give loans to people or groups who want to build or fix up houses.
• •These loans can be for building new houses, buying houses, or making houses better.
• •Sometimes, the government can set aside extra money to make sure the houses get built or fixed properly.
• •This extra money can be used instead of other rules that usually require security for the work.

A group wants to build new houses in a neighborhood but doesn't have enough money.

The government can give them a loan to build the houses. They might also set aside some extra money to make sure the houses are built correctly, instead of making the group follow other rules for security.