1. (1) there is a shortage of decent, safe, and sanitary rental housing for households of lower income;
2. (2) the private sector often cannot develop, improve, operate, and maintain housing for households of lower income; and
3. (3) to address this shortage, a partnership is needed among the State, political subdivisions, housing authorities, the private sector, and households of lower income to develop, operate, and maintain housing for households of lower income.

The General Assembly finds that:

Added by Acts 2005, c. 26, § 2, eff. Oct. 1, 2005. Amended by Acts 2006, c. 117, § 1, eff. Oct. 1, 2006.