§ 571 — Statement of legislative findings and purposes

§ 571. Statement of legislative findings and purposes. The legislature\nhereby finds and declares that there continues to exist in the state a\nseriously inadequate supply of safe and sanitary dwelling accommodations\nwithin the financial reach of families and persons of low income. This\ncondition is contrary to the public interest and threatens the health,\nsafety, welfare, comfort and security of the people of the state.\n The legislature further finds and declares that the ordinary\noperations of private enterprise cannot provide an adequate supply of\nsafe and sanitary dwelling accommodations at rentals which families and\npersons of low income can afford.\n The legislature further finds that eleemosynary institutions,\nsettlement houses, fraternal and labor organizations, foundations and\nother non-profit associations are desirous of organizing companies to\nbuild or rehabilitate housing for low income families; that in order for\nsuch organizations to build or rehabilitate housing, such organizations\nneed and can effectively utilize development funds to procure government\naided or other permanent financing therefor.\n The legislature further finds that such development funds and the\nprovision of technical assistance in the organization and management of\nhousing development fund companies will maximize federal funds and\ncredits which may be available for the provision of housing for low\nincome residents of the state.\n It is the purpose of this act to provide temporary financial and\ntechnical assistance to enable such companies to participate more\neffectively in existing municipal, state and federal assistance programs\nand to make more effective use of other sources of financing which may\nbe available for housing of persons and families of low income.\n It is further the purpose of this article to coordinate activities\naided under existing municipal, state and federal programs with other\npublic and private actions in order to provide the most effective and\neconomical concentration of federal, state, local, and private efforts\nto increase the supply of housing accommodations for persons of low\nincome, and thereby improve the quality of life for all the people of\nthe state.\n It is further the purpose of this article to provide assistance for\nexisting not-for-profit housing companies by providing advances from the\nhousing development fund to facilitate the rehabilitation or\nconstruction of housing for low income families.\n It is further the purpose of this article to provide assistance for\nthe improvement of housing for farmworkers by providing advances to\nlocal loan administrators to make loans to agricultural producers for\nthe purpose of constructing or improving non-conforming farmworker\nhousing in order to comply with state regulations relating to such\nhousing.\n