(a) Any outstanding tax, interest, or penalty that was levied or imposed upon property
that qualifies for an exemption pursuant to Section 214 and satisfies the criteria specified in subparagraph (D) of paragraph (1) of subdivision (g) of Section 214 between January 1, 2002, and January 1, 2009, shall be canceled, provided that the
owner of the property certifies that all of the following conditions were met at the
time the tax was levied:
(1) The owner was not organized and did not operate for profit.
(2) There was a recorded deed restriction or other legal document that restricted
the project's usage and that provided that the units designated for use by lower income
households were continuously available to or occupied by lower income households at
rents not exceeding those prescribed by Section 50053 of the Health and Safety Code.
(3) The funds that would have been necessary to pay property taxes were used to maintain
the affordability of, or reduce rents otherwise necessary for, the units occupied
by lower income households.
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