Chapter 8 Agreement Sale
State law, commencing with Chapter 8, Article 6, Division 1, of the Revenue and
Taxation Code, allows any eligible taxing agency, public agency, or nonprofit organization
to initiate a purchase proposal to buy tax defaulted property that is subject to
the Tax Collector's Power to Sell through an Agreement Sale. Through the Agreement
Sale the agency, after approval by the State Controller's office and the Board of Supervisors,
can purchase the parcel without the necessity of bidding at a public auction or
sealed bid sale.
The following links provide important information on Chapter 8 Agreement Sales.
Chapter 8 Agreement Sales
dated November 8, 2006, between the Treasurer and Tax Collector and the Community
Development Commission, the primary purpose of which is to ensure only qualified
nonprofit organizations participate in the Chapter 8 program, to restrict the sale
or rental of completed projects to low-income individuals as defined in California
Health and Safety Code Section 50093, and to facilitate the Commission's assistance
in the disposition of properties when it is determined that the nonprofit is not
in compliance with applicable provisions of State law and the Agreement.
by the Treasurer and Tax Collector to the Board of Supervisors, dated November 18,
2011, evaluating the Chapter 8 Program, on the fifth year anniversary of the program.
- Chapter 8 General
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