The purposes of the Program are to:
(1) stimulate the production and preservation of rental housing;
(2) increase and improve the supply of decent, safe, and sanitary rental housing at costs that are affordable to households of limited income;
(3) use available resources efficiently to serve the households that are in need of quality affordable housing opportunities, including families, the elderly, and persons with disabilities or special needs;
(4) support economic growth and activity by financing, in whole or in part, the construction or substantial rehabilitation of rental housing projects; and
(5) revitalize sustainable communities, as defined in § 6–301 of this article, through office or other commercial space conversion.
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