(a) Nothing in the Act or these regulations shall prohibit or penalize any governmental agency or financial institution covered by this Act from establishing special purpose credit programs as permitted and defined under federal Regulation B, 12 CFR 202.8, which provides financial assistance to an economically disadvantaged class of persons on more favorable terms and conditions than those available to the general public.

(b) Nothing in the Act or these regulations shall prohibit any State or local governmental agency or any financial institution from establishing a program for financial assistance which designates a particular geographic area or neighborhood for receipt of special financial assistance on terms and conditions more favorable than those available to the general public as long as the area or neighborhood is not designated in a manner inconsistent with the purposes of the Act.

(c) Nothing in the Act or these regulations shall prohibit a financial institution from participating in any program for financial assistance sponsored by any state or local governmental agency which designates a particular geographic area or neighborhood for receipt of special financial assistance on terms and conditions more favorable than those available to the general public as long as such program is in furtherance of the purposes of the Act.

(d) Nothing in the Act or these regulations shall prohibit the Department of Veterans' Affairs from administering the Veteran Farm and Home Purchase Acts of 1943 and 1974 in accordance with the applicable provisions of the California Constitution, the Military and Veterans' Code, and the Department's rules, regulations, policies, and procedures established in furtherance of the purposes of those Acts and provisions so long as such rules, regulations, policies, and procedures are not contrary to the purposes of the Act and these regulations.