1. (1) May participate in any state or federal programs of low and moderate income housing assistance and community development; and

2. (2) For this purpose may:

   1. (i) Enter into and perform a contract or agreement with the state, the United States, or a federal agency;
   2. (ii) Develop or operate a housing project if approval by ordinance or resolution is obtained from the governing body and chief elected official of the local jurisdiction where the housing project is located;
   3. (iii) Act as a public housing agency within the meaning of the federal law and as an authority within the meaning of state law; and
   4. (iv) Do anything necessary or convenient for its participation.

The authority:

History of Section.
P.L. 1993, ch. 412, § 2.