In order to maintain the economic health of its communities, the State must have a comprehensive and unified policy for the allocation of resources for affordable housing and supportive services for historically underserved populations throughout the State. Executive Order 2003-18 shall be codified into this Act. The purposes of this Act are to accomplish the following: (1) address the need to make available quality housing at a variety of price points in communities throughout the State; (2) overcome the shortage of affordable housing, which threatens the viability of many communities and has significant social costs, such as homelessness, concentration of poverty, and unnecessary institutionalization; (3) meet the need for safe, sanitary, and accessible affordable and community-based housing and supportive services for elderly persons and people with disabilities and other populations with special needs; (4) promote a full range of quality housing choices near job opportunities, transit options, and related amenities; (5) meet the needs of constituencies that have been historically underserved and segregated due to barriers and trends in the existing housing market or insufficient resources; (6) facilitate the preservation of ownership of existing homes and rental housing in communities; (7) create new housing opportunities and, where appropriate, promote mixed-income communities; (7.5) maximize federal funding opportunities for affordable housing or the services people need to maintain their housing with required State funding, such as, without limitation, for federal Continuum of Care networks and HOME Investment Partnerships Program project sponsors; and (8) encourage development of State incentives for communities to create a mix of housing to meet the needs of current and future residents. housing at a variety of price points in communities throughout the State; which threatens the viability of many communities and has significant social costs, such as homelessness, concentration of poverty, and unnecessary institutionalization; affordable and community-based housing and supportive services for elderly persons and people with disabilities and other populations with special needs; near job opportunities, transit options, and related amenities; historically underserved and segregated due to barriers and trends in the existing housing market or insufficient resources; existing homes and rental housing in communities; appropriate, promote mixed-income communities; affordable housing or the services people need to maintain their housing with required State funding, such as, without limitation, for federal Continuum of Care networks and HOME Investment Partnerships Program project sponsors; and communities to create a mix of housing to meet the needs of current and future residents.
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