Ch. 330 LAWS OF MARYLAND

SANITARY DWELLING ACCOMMODATIONS AVAILABLE AT RENTS WHICH
PERSONS OF LOW AND MODERATE INCOME CAN AFFORD AND SUCH
PERSONS ARE FORCED TO OCCUPY OVERCROWDED AND CONGESTED
DWELLING ACCOMMODATIONS;

(3) THERE ARE MANY FAMILIES LIVING IN EXISTING HOUSING
WHICH, WHILE DECENT AND SAFE, IS INADEQUATE FOR THE SIZE OF
THE FAMILY;

(4) THE AFORESAID CONDITIONS CAUSE AN INCREASE IN AND
SPREAD OF DISEASE AND CRIME AND CONSTITUTES CONSTITUTE A
MENACE TO HEALTH, SAFETY, MORALS, AND WELFARE OF THE
RESIDENTS OF THE STATE AND IMPAIRS IMPAIR ECONOMIC VALUES;

(5) THESE CONDITIONS NECESSITATE EXCESSIVE AND
DISPROPORTIONATE EXPENDITURES OF PUBLIC FUNDS FOR CRIME
PREVENTION AND PUNISHMENT, PUBLIC HEALTH AND SAFETY, FIRE
AND ACCIDENT PROTECTION, AND OTHER PUBLIC SERVICES AND
FACILITIES;

(6) THERE ARE ECONOMICALLY DEPRESSED OR PHYSICALLY
DETERIORATED AREAS IN THE STATE THAT CANNOT BE ASSISTED, NOR
CAN THE SHORTAGE OF SAFE AND SANITARY DWELLINGS FOR PERSONS
OF LOW AND MODERATE INCOME BE RELIEVED, THROUGH THE
OPERATION OF THE PRIVATE HOUSING MARKET, AND THE
CONSTRUCTION OF HOUSING PROJECTS FOR PERSONS OF LOW AND
MODERATE INCOME WOULD THEREFORE NOT BE COMPETITIVE WITH
PRIVATE ENTERPRISE;

(7) THE CLEARANCE, REPLANNING, AND RECONSTRUCTION
OF THE AREAS IN WHICH UNSANITARY OR UNSAFE HOUSING
CONDITIONS EXIST AND THE PROVIDING OF SAFE AND SANITARY
DWELLING ACCOMMODATIONS FOR PERSONS OF LOW AND MODERATE
INCOME ARE PUBLIC USES AND PURPOSES AND AN ESSENTIAL
GOVERNMENTAL FUNCTION FOR WHICH PUBLIC MONEY MAY BE SPENT
AND PRIVATE PROPERTY ACQUIRED;

(8) IT IS THE POLICY OF THIS STATE TO DEVELOP SAFE,
SANITARY, AND DECENT HOUSING FOR THE CITIZENS OF THIS STATE
EVEN IF THE PROVISION OF SUCH HOUSING HAS THE EFFECT OF
DISPLACING OR LIMITING ECONOMIC COMPETITION;

(9) A NEED EXISTS FOR MORTGAGE CREDIT TO BE AVAILABLE
BECAUSE MANY PURCHASERS AND OWNERS OF HOUSING ARE UNABLE
TO AFFORD MORTGAGE CREDIT AT THE MARKET RATE OF INTEREST OR
OBTAIN MORTGAGE CREDIT BECAUSE THE MORTGAGE CREDIT MARKET
IS SEVERELY RESTRICTED; AND

(10) THE NECESSITY IN THE PUBLIC INTEREST FOR THE
PROVISIONS HEREINAFTER ENACTED IS HEREBY DECLARED AS A

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