(1) There exists a shortage of safe, affordable and readily available housing in this state, particularly for people of low income, fixed income or modest means.
(2) It is in the best interests of the people of this state to insure that there is an adequate supply of housing for people of all income levels, particularly low-income people, in order to reduce:
(a) The number of people who are homeless or who live in inadequate housing in this state; and
(b) Dependence on various state services that exist because of the needs created by homelessness and inadequate housing.
(3) The Housing and Community Services Department’s authority to issue bonds is an effective tool that will increase funds available to provide safe, affordable housing and reduce homelessness in this state. [1989 c.719 §1]