The Governor shall cause to be issued, through the Executive Director of the Virgin Islands Housing Finance Authority in conjunction with the Virgin Islands Interagency Council on Homelessness and the Commissioner of the Department of Human Services, rules and regulations, not inconsistent with law or other rules and regulations, authorized by law, for carrying into effect the purposes of sections 201–205 of this title, including the establishment of standards of eligibility for admission to, and occupancy of, emergency housing, and rents and charges therefor and providing for ongoing analyses of the homeless population and an action plans that must be updated bi-annually which include specific projects, costs, and measurable results.