purpose

purpose Sec. 402. It is the purpose of this title, by facilitating the enlistment of private capital in new community development, to encourage the development of new communities that— (1) contribute to the general betterment of living conditions through the improved quality of community development made possible by a consistent design for the provision of homes, commercial and industrial facilities, public and community facilities, and open spaces; (2) make substantial contributions to the sound and economic growth of the areas in which they are located; (3) provide needed additions to the general housing supply; (4) provide opportunities for innovation in housing and community development technology and in land use planning; (5) enlarge housing and employment opportunities by increasing the range of housing choice and providing new investment opportunities for industry and commerce; (6) encourage the maintenance and growth of a diversified local homebuilding industry; and (7) include, to the greatest extent feasible, the employment of new and improved technology, techniques? materials, and methods in housing construction, rehabilitation, and maintenance under programs administered by the Department of Housing and Urban Development with a view to reducing the cost of such construction, rehabilitation, and maintenance, and stimulating the increased and sustained production of housing under such programs.