Section 3772.5.
Cal. Revenue and Taxation Code - RTC § 3772.5.
in effectFor purposes of this chapter:
(a)
“Low-income persons” means persons and families of low or moderate income, as defined by Section 50093 of the Health and Safety Code.
(b)
“Nonprofit organization” means a nonprofit organization incorporated pursuant to Part 2 (commencing with Section 5110) of Division 2 of Title 1 of the Corporations Code for the purpose of acquisition of either of the following:
(1)
Single-family or multifamily dwellings for rehabilitation and sale or rent to low-income persons, or for other use to serve low-income persons.
(2)
Vacant land for construction of residential dwellings and subsequent sale or rent to low-income persons, for other use to serve low-income persons, or for dedication of that vacant land to public use.
(c)
“Rehabilitation” means repairs and improvements to a substandard building, as defined in Section 17920.3 of the Health and Safety Code, necessary to make it a building that is not a substandard building.
References
referencesCal. Health and Safety Code - HSC § 50093.
referencesCal. Corporations Code - CORP § 5110.
referencesCal. Health and Safety Code - HSC § 17920.3.
Source: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026