(a) The Secretary of California Housing and Homelessness shall be responsible for allocating financial aid and contributions made available directly to state government or to the agency by any agency of the United States for the purpose of subsidizing housing for persons and families of low or moderate income.
(b) The agency shall have priority among all other units of state government for receipt of federal housing subsidies for use in connection with its lending and insurance programs.
(c) This section shall become operative on July 1, 2026.
(Repealed (in Sec. 62) and added by Stats. 2026, Ch. 28, Sec. 63. (SB 170) Effective June 29, 2026. Operative July 1, 2026, by its own provisions.)