§ 52540 Housing Corporation Definitions

The following definitions shall govern the construction and interpretation of this part: (a)  “Corporation” means a corporation formed pursuant to Section 52550. (b)  “Low-income housing” means housing available at affordable rent to lower income households, as defined in Section 50079.5. (c)  “Nonprofit corporation” means a nonprofit corporation organized pursuant to the Nonprofit Corporation Law (Division 2 (commencing with Section 5000) of Title 1 of the Corporations Code), or a limited equity housing cooperative, as defined by Section 11003.4 of the Business and Professions Code. (d)  “Very low income housing” means housing available at affordable rents to very low income households as defined by Section 50105. (Added by Stats. 1987, Ch. 1355, Sec. 1.)