The Legislature finds and declares that it is necessary for the welfare of the state
and its inhabitants that community reinvestment agencies be authorized within cities,
towns or counties, or cities or towns and counties to make long-term, low-interest
loans to finance residential rehabilitation in selected residential areas in order
to encourage the upgrading of property in those areas. Unless such agencies provide some form of assistance to finance residential rehabilitation,
many residential areas will deteriorate at an accelerated pace. This act 1 shall be liberally construed to effect its purposes.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?
Response sent, thank you
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.