§ 400. Policy and purposes of article. It is hereby declared that
there exists in municipalities in this state a seriously inadequate
supply of safe and sanitary dwelling accommodations for persons and
families of low income; that such shortage constitutes an emergency and
a grave menace to the health, safety, morals, welfare and comfort of
citizens of this state; that there exists in such municipalities a large
number of multiple dwellings which are inadequate, unsafe or insanitary
by reason of the absence of proper heating facilities or by reason of
the necessity for elimination of conditions dangerous to human life or
detrimental to health, including nuisances as defined in section three
hundred nine of the multiple dwelling law, or for other rehabilitation
or improvement and which can be made adequate, safe and sanitary, by the
installation of proper heating facilities or by other rehabilitation,
preservation or improvement or by the elimination of such conditions;
that such installation, rehabilitation, preservation or improvement
cannot readily be provided by the ordinary unaided operation of private
enterprise for occupancy by persons or families of low income without
public aid in the form of low interest loans or grants to owners of such
multiple dwellings for the purpose of such installation, rehabilitation,
preservation or improvement; that the installation of proper heating
facilities in such multiple dwellings or other rehabilitation,
preservation or improvement thereof for occupancy by persons of low
income as defined in this article is a public use and a public purpose
for which public money may be loaned or granted; that such conditions
require the provisions hereinafter enacted; and the necessity in the
public interest for the provisions hereinafter enacted is hereby
declared as a matter of legislative determination.