§ 2A-2. Findings.

(a) In general.

The Mayor and City Council of Baltimore find as follows.

(b) Need for low- and moderate-income and workforce housing.

There is a need to develop programs to improve and expand housing opportunities for working families and other persons of low and moderate income.

(c) Benefits of economic diversity.

Economic diversity in our neighborhoods, including a strong and stable middle class, will stimulate economic investment, promote neighborhood stability, and increase public safety for all.

(d) Limitations of private sector.

Private sector individuals and businesses, as the primary source of housing and economic development activity, have not alone been able to create economically diverse neighborhoods or developments or to develop workforce housing for the broad range of incomes that will lead to economic diversity.

(e) Capabilities of City.

Baltimore City can assemble and prepare sites and provide financial incentives to developers, eligible households, and non-profit organizations to promote economically diverse housing in City neighborhoods, to increase housing opportunities for working families and other persons of low and moderate income, and to reduce blight in neighborhoods.