This program, in conjunction with existing THDA program, is intended to accom- plish the following purposes:

1. (a) To promote the production of more affordable owner and renter occupied housing units for very low, low and moderate income individuals and families in the state;
2. (b) To promote the preservation and rehabilitation of owner and renter occupied housing units for very low, low and moderate income individuals and families listed above;
3. (c) To bring greater stability to the residential construction industry and related industries so as to assure a steady flow of production of new housing units; and
4. (d) To promote the planning and implementation of effective and innovative housing assistance programs by local governments and non-profit organizations aimed at assisting those households and individuals lacking the resources to adequately address their housing needs.

Authority: T.C.A. §13—23—115 (18). Administrative History: Original rule filed August 30, 1988; effective October 14, 1988.