§ 1. It is declared as a matter of legislative determination that in order to promote
and protect the health, safety, morals and welfare of the public, it is necessary
in the public interest to provide financial assistance to housing authorities and
Land Clearance Commissions for the purpose of facilitating the construction and development
of housing and alleviating the crucial housing shortage which prevails throughout
the state; that the uses and purposes for which moneys may be allocated under this
act are grounded in public necessity and predicated upon emergency conditions requiring
immediate governmental consideration and action; and that the provisions of this
Act embrace public objects and governmental functions essential to the public interest.
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