Government Code section 66340

For purposes of this article:

(a)

“Qualified buyer” means persons and families of low or moderate income, as that term is defined in Section 50093 of the Health and Safety Code.

(b)

“Qualified nonprofit corporation” means a nonprofit corporation organized pursuant to Section 501(c)(3) of the Internal Revenue Code that has received a welfare exemption under Section 214.15 of the Revenue and Taxation Code for properties intended to be sold to low-income families who participate in a special no-interest loan program.

Source: Section 66340, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=GOV§ionNum=66340.­ (updated Mar. 25, 2024; accessed Jun. 16, 2025).

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Verified:
Jun. 16, 2025

§ 66340's source at ca​.gov