§4–1204.

    The purposes of the Program are to:

        (1)    provide decent, safe, and sanitary rental housing for households of lower income;

        (2)    provide financial assistance to political subdivisions or housing authorities to acquire, construct, reconstruct, renovate, or rehabilitate rental housing affordable to households of lower income;

        (3)    stimulate the development and ownership of rental housing for households of lower income by political subdivisions, housing authorities, or partnerships that include political subdivisions or housing authorities;

        (4)    provide financial assistance to private sector entities to acquire, construct, reconstruct, renovate, or rehabilitate housing units:

            (i)    for sale to political subdivisions, housing authorities, or partnerships that include political subdivisions or housing authorities, as affordable rental housing for households of lower income; or

            (ii)    for occupancy by households of lower income that include one or more individuals with disabilities or special needs;

        (5)    promote affordable housing programs and increased contributions to the production of affordable rental housing by political subdivisions, housing authorities, and the private sector, including for profit and nonprofit entities;

        (6)    encourage households of lower income that live in partnership rental housing to contribute actively to the operation or maintenance of the housing or the community;

        (7)    finance rental housing that is:

            (i)    to be occupied by households of lower income;

            (ii)    to be owned by political subdivisions or housing authorities or partnerships that include political subdivisions or housing authorities; and

            (iii)    expected to be financially self-sufficient, without further governmental financing for maintenance, renovation, or operating subsidies; and

        (8)    encourage the private sector to provide rental housing for households of lower income that include one or more individuals with disabilities or special needs.