The General Assembly finds that:
(1) there is a shortage of decent, safe, and sanitary rental housing for households of lower income;
(2) the private sector often cannot develop, improve, operate, and maintain housing for households of lower income; and
(3) to address this shortage, a partnership is needed among the State, political subdivisions, housing authorities, the private sector, and households of lower income to develop, operate, and maintain housing for households of lower income.