§ 351. Policy and purposes of article. It is hereby declared that the provision of new and improved community senior citizens facilities is necessary to care for the increasing number of persons who are in need of programs and services for the aging. Such facilities should be located close to the people they serve and should supplement the programs and services provided for such persons by the office for the aging pursuant to title one of article two of the elder law.

It is hereby further declared that non-profit corporations should be created to construct, acquire, reconstruct, rehabilitate, own and operate such facilities and that provision should be made for mortgage loan participation by the New York state housing finance agency in order to ensure that the full resources of the private enterprise sector of the economy may be made available for this purpose; that there is a need for public assistance to such corporations by the granting of tax exemption; that it is the policy of the state to promote the provision of senior citizens facilities by such non-profit corporations; and that such provision is a public use and purpose.