Deferred/shared appreciation loans are hereby established as a part of the rehabilitation assistance program. The purpose of a deferred/shared appreciation loan shall be to provide financial assistance in the form of a deferred principal loan to low-income owner-occupants of property subject to residential rehabilitation having an income of 80% of median income, or below, for Tulare County.
(1995 Code, § 11.28.010) (Ord. 97-1810, passed - -1997; Ord. 97-1800, passed - -1997)