It is the purpose of §§ 36.40 through 36.50 to provide a means of financing the cost of residential ownership that will provide decent, safe, and sanitary housing for residents of the municipality at prices they can afford. The following are public purposes and functions pertaining to the government and affairs of the municipality. It is determined and declared that such residential ownership will:
(A) Provide for and promote the public health, safety, morals, and welfare;
(B) Relieve conditions of unemployment and encourage the increase of industry and commercial activity and economic development so as to reduce the evils attendant upon unemployment;
(C) Assist low and moderate income persons in acquiring and owning decent, safe, and sanitary housing which they can afford;
(D) Promote the integration of families of varying economic means; and
(E) Preserve and increase the municipality's ad valorem tax base.
(Ord. 6606, passed 10-17-78)