§ 210. 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 or
improvement or by the elimination of such conditions; that such
installation, rehabilitation 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 to owners of such multiple dwellings for the purpose of
such installation, rehabilitation or improvement; that the installation
of proper heating facilities in such multiple dwellings or other
rehabilitation 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; 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.