Revenue and Taxation Code section 402.2

Contracts with government agencies restricting the use of property for owner-occupied housing available at affordable cost shall be recorded. Nothing in this section shall be construed to prevent the assessor from considering a contract that restricts the use of the property to owner-occupied housing available at affordable housing cost, including under any locally adopted inclusionary housing program, for purposes of applying Section 402.1 or subdivision (a) of Section 110.

Source: Section 402.2, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=RTC§ionNum=402.­2.­ (updated Jan. 1, 2017; accessed Dec. 29, 2025).

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Verified:
Dec. 29, 2025

§ 402.2's source at ca​.gov