The General Assembly hereby finds and declares that: (1) Current economic conditions, federal housing policies, and declining resources at the federal, state, and local levels adversely affect the ability of individuals to obtain safe, decent, and affordable rural housing; (2) An increasing number of individuals are homeless, at risk of becoming homeless, or live in overcrowded, inadequate, and unsafe rural housing units; and (3) It is in the public interest to establish a continuously renewable resource known as a rural housing trust fund to assist moderate inco me individuals in meeting basic housing needs.
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