Purposes And Scope

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