(iii) A limited-dividend housing corporation. (ii) A cooperative housing corporation which is a stock cooperative, as defined by Section 11003.2 of the Business and Professions Code. (i) A nonprofit corporation incorporated pursuant to Division 2 (commencing with Section 5000) of Title 1 of the Corporations Code. “Nonprofit affordable housing sponsor” means any of the following: Property that is intended to be used for parks, open space or affordable housing may be sold at a discounted price at the discretion of the Director of DGS.įind Surplus Real Property Available to Affordable Housing SponsorsĪffordable housing sponsors are provided with priority buyer status to acquire surplus state-owned real property prior to the property being offered for sale to the general public. The property is sold at fair market value as determined by a DGS approved appraisal. Close of escrow must occur within sixty (60) days of DGS executing the purchase agreement. Local agencies receive notification of the availability of surplus real property from the Asset Enhancement/Surplus Sales (AE/SS) Unit Local agencies are required to provide notice of their interest with ninety (90) days of receipt of the notice and are required to execute a purchase and sale agreement within sixty (60) days of being notified that they have been selected to acquire the property.
Eligible uses include locally-owned government facilities, parks, open space, and affordable housing. Local Agencies are provided with priority buyer status to acquire surplus state-owned real property prior to the property being offered for sale to the general public.
Find surplus property based on availability to local agencies, affordable housing sponsors, and the public.įind Surplus Real Property Available to Local Agencies
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