The purpose of the loans made and the bonds or other securities issued and purchased pursuant to this part are:

1. (1) to increase home ownership and provide more long-term rental opportunity;
2. (2) to increase housing supply and offer diverse housing types to meet the needs of population growth; and
3. (3) to create partnerships between the state, local governments, private sector developers, and applicants for residential development to finance necessary infrastructure for housing.

History: En. Sec. 11, Ch. 774, L. 2023.