§ 4-1702. Findings

   The General Assembly finds that:

   (1) homeownership is a stabilizing factor for communities and families and is the best way for families of limited income to build equity and move out of poverty;

   (2) homeownership has become less affordable over time because incomes have not kept pace with the rising costs of homeownership;

   (3) self-help housing helps families of limited income to become homeowners, increasing their financial stability;

   (4) families working together in groups to build their homes help to create stronger communities; and

   (5) there have been three successful federally financed self-help programs in the State, and modeling a State self-help ownership program on a well-tested federal program will increase homeownership opportunities for families of limited income across the State.

HISTORY: An. Code 1957, art. 83B, § 2-1501; 2005, ch. 26, § 2.