The Virgin Islands Housing Authority and the Virgin Islands Housing Finance Authority shall promote the sale of their respective housing stock to the tenants of public housing by developing and implementing homeownership plans. There may be one or more such plans, and the plans may be diversified to fit the individual needs of the prospective tenant-owners. Such plans shall be developed in consultation with an individual tenant-resident, an organized group of tenant residents, or a group of tenant residents who desire to organize for the purpose of purchasing public housing units. It is the purpose of this section to promote and require tenant involvement and participation in the full planning process for homeownership. It is the responsibility of the Authority to provide their respective tenants with the information needed to participate in the planning of a pathway to homeownership. A tenant or group of tenants may, at their option, elect to discontinue at any time the goal of purchasing a unit or units of public housing.