16.4 - GUIDING PRINCIPLES.

        16.4  GUIDING PRINCIPLES.
         In the performance of its duties and implementation of its powers,
      and in the selection of specific programs and projects to receive its
      assistance, the authority shall be guided by the following precatory
      principles:
         1.  The authority shall not become an owner of real property
      constituting a project under any program, except on a temporary basis
      where necessary in order to implement its programs, protect its
      investments by means of foreclosure or other means, or to facilitate
      transfer of real property for the use of low or moderate income
      families.
         2.  The authority shall strive to function in cooperation with
      local governmental units and local or regional housing agencies, and
      in fulfillment of local or regional housing plans, and to that end
      shall provide technical assistance to local governmental units and
      local or regional agencies in need of that assistance.
         3.  When feasible, a local contributing effort may be required of
      each project assisted by the authority.  The local contribution may
      be provided by local governmental units or by local or regional
      agencies, public or private.  The percentage and type of local
      contribution shall be determined by the authority, and may include
      but should not be limited to cash match, land contribution, tax
      abatement, or ancillary facilities.  The authority shall seek to
      encourage ingenuity and creativity in local effort.
         4.  The authority shall encourage units of local government and
      local and regional housing agencies to use federal revenue-sharing
      funds for programs which increase or improve the supply of adequate
      housing for low or moderate income families.
         5.  The authority shall seek to encourage cooperative housing
      efforts at the local level, both with respect to the cooperation of
      public bodies with private enterprise and civic groups, and with
      respect to the formation of regional or multicity units engaged in
      housing.
         6.  With respect to programs relating to housing, wherever
      practicable, the authority shall give preference to the following
      types of programs:
         a.  Those which treat housing problems in the context of the
      total needs of individuals and communities, recognizing that
      individuals may have other problems and needs closely related to
      their need for adequate housing, and that the development of isolated
      housing units without regard for neighborhood and community
      development tends to create undesirable consequences.
         b.  Those which promote home ownership by families of low or
      moderate income, recognizing the need for educational counseling
      programs in family financial management and home maintenance in order
      to achieve this goal.
         c.  Those which involve the rehabilitation and conservation of
      existing housing units, and the preservation of existing
      neighborhoods and communities.
         d.  Those designed to serve elderly families, families which
      include one or more persons with disabilities, lower income families,
      or very low income families.
         7.  The authority shall encourage the protection, restoration and
      rehabilitation of historic properties, and the preservation of other
      properties of special value for architectural or esthetic reasons.
      As used in this subsection, "historic properties" means
      landmarks, landmark sites, or districts which are significant in the
      history, architecture, archaeology, or culture of this state, its
      communities, or the nation.  
         Section History: Early Form
         [C77, 79, 81, § 220.4] 
         Section History: Recent Form
         C93, § 16.4
         96 Acts, ch 1129, §113; 2007 Acts, ch 54, §15--18
         Referred to in § 16.1