Supplement 8H Consent 2013 0506 - Laserfiche WebLink

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line 1 required as a result of this amendment for any fiscal year prior to line 2 the fiscal year in which the amendment takes effect. line 3 Property used exclusively for housing and related facilities for line 4 elderly or handicapped families at which supplemental care or line 5 services designed to meet the special needs of elderly or line 6 handicapped residents are not provided, or that is not financed by line 7 the federal government pursuant to Section 202 of Public Law line 8 86-372 (12 U.S.C. Sec. 1701q), as amended, Section 231 of Public line 9 Law 73-479 (12 U.S.C. Sec. 1715v), Section 236 of Public Law line 10 90-448 (12 U.S.C. Sec. 1715z), or Section 811 of Public Law line 11 101-625 (42 U.S.C. Sec. 8013), shall not be entitled to exemption line 12 pursuant to this subdivision unless the property is used for housing line 13 and related facilities for low- and moderate-income elderly or line 14 handicapped families. Property that would otherwise be exempt line 15 pursuant to this subdivision, except that it includes some housing line 16 and related facilities for other than low- or moderate-income elderly line 17 or handicapped families, shall be entitled to a partial exemption. line 18 The partial exemption shall be equal to that percentage of the value line 19 of the property that is equal to the percentage that the number of line 20 low- and moderate-income elderly and handicapped families line 21 occupying the property represents of the total number of families line 22 occupying the property. line 23 As used in this subdivision, “low and moderate income” has the line 24 same meaning as the term “persons and families of low or moderate line 25 income” as defined by Section 50093 of the Health and Safety line 26 Code. line 27 (g) (1) Property used exclusively for rental housing and related line 28 facilities and owned and operated by religious, hospital, scientific, line 29 or charitable funds, foundations, limited liability companies, or line 30 corporations, including limited partnerships in which the managing line 31 general partner is an eligible nonprofit corporation or eligible line 32 limited liability company, meeting all of the requirements of this line 33 section, or by veterans’ organizations, as described in Section line 34 215.1, meeting all the requirements of paragraphs (1) to (7), line 35 inclusive, of subdivision (a), shall be deemed to be within the line 36 exemption provided for in subdivision (b) of Section 4 and Section line 37 5 of Article XIII of the California Constitution and this section line 38 and shall be entitled to a partial exemption equal to that percentage line 39 of the value of the property that the portion of the property serving 96 AB 975— 23 —