42 U.S.C. § 5301 : US Code - Section 5301: Congressional findings and declaration of purpose

    (a) Critical social, economic, and environmental problems facing
      Nation's urban communities
      The Congress finds and declares that the Nation's cities, towns,
    and smaller urban communities face critical social, economic, and
    environmental problems arising in significant measure from - 
        (1) the growth of population in metropolitan and other urban
      areas, and the concentration of persons of lower income in
      central cities;
        (2) inadequate public and private investment and reinvestment
      in housing and other physical facilities, and related public and
      social services, resulting in the growth and persistence of urban
      slums and blight and the marked deterioration of the quality of
      the urban environment; and
        (3) increasing energy costs which have seriously undermined the
      quality and overall effectiveness of local community and housing
      development activities.
    (b) Establishment and maintenance of viable urban communities;
      systematic and sustained action by Federal, State, and local
      governments; expansion of and continuity in Federal assistance;
      increased private investment; streamlining programs and
      improvement of functioning of agencies; action to address
      consequences of scarce fuel supplies
      The Congress further finds and declares that the future welfare
    of the Nation and the well-being of its citizens depend on the
    establishment and maintenance of viable urban communities as
    social, economic, and political entities, and require - 
        (1) systematic and sustained action by Federal, State, and
      local governments to eliminate blight, to conserve and renew
      older urban areas, to improve the living environment of low- and
      moderate-income families, and to develop new centers of
      population growth and economic activity;
        (2) substantial expansion of and greater continuity in the
      scope and level of Federal assistance, together with increased
      private investment in support of community development
      activities;
        (3) continuing effort at all levels of government to streamline
      programs and improve the functioning of agencies responsible for
      planning, implementing, and evaluating community development
      efforts; and
        (4) concerted action by Federal, State, and local governments
      to address the economic and social hardships borne by communities
      as a consequence of scarce fuel supplies.
    (c) Decent housing, suitable living environment, and economic
      opportunities for persons of low and moderate income; community
      development activities which may be supported by Federal
      assistance
      The primary objective of this chapter and of the community
    development program of each grantee under this chapter is the
    development of viable urban communities, by providing decent
    housing and a suitable living environment and expanding economic
    opportunities, principally for persons of low and moderate income.
    Consistent with this primary objective, not less than 70 percent of
    the aggregate of the Federal assistance provided to States and
    units of general local government under section 5306 of this title
    and, if applicable, the funds received as a result of a guarantee
    or a grant under section 5308 of this title, shall be used for the
    support of activities that benefit persons of low and moderate
    income, and the Federal assistance provided in this chapter is for
    the support of community development activities which are directed
    toward the following specific objectives - 
        (1) the elimination of slums and blight and the prevention of
      blighting influences and the deterioration of property and
      neighborhood and community facilities of importance to the
      welfare of the community, principally persons of low and moderate
      income;
        (2) the elimination of conditions which are detrimental to
      health, safety, and public welfare, through code enforcement,
      demolition, interim rehabilitation assistance, and related
      activities;
        (3) the conservation and expansion of the Nation's housing
      stock in order to provide a decent home and a suitable living
      environment for all persons, but principally those of low and
      moderate income;
        (4) the expansion and improvement of the quantity and quality
      of community services, principally for persons of low and
      moderate income, which are essential for sound community
      development and for the development of viable urban communities;
        (5) a more rational utilization of land and other natural
      resources and the better arrangement of residential, commercial,
      industrial, recreational, and other needed activity centers;
        (6) the reduction of the isolation of income groups within
      communities and geographical areas and the promotion of an
      increase in the diversity and vitality of neighborhoods through
      the spatial deconcentration of housing opportunities for persons
      of lower income and the revitalization of deteriorating or
      deteriorated neighborhoods;
        (7) the restoration and preservation of properties of special
      value for historic, architectural, or esthetic reasons;
        (8) the alleviation of physical and economic distress through
      the stimulation of private investment and community
      revitalization in areas with population outmigration or a
      stagnating or declining tax base; and
        (9) the conservation of the Nation's scarce energy resources,
      improvement of energy efficiency, and the provision of
      alternative and renewable energy sources of supply.

    It is the intent of Congress that the Federal assistance made
    available under this chapter not be utilized to reduce
    substantially the amount of local financial support for community
    development activities below the level of such support prior to the
    availability of such assistance.
    (d) Consolidation of complex and overlapping Federal assistance
      programs into consistent system of Federal aid
      It is also the purpose of this chapter to further the development
    of a national urban growth policy by consolidating a number of
    complex and overlapping programs of financial assistance to
    communities of varying sizes and needs into a consistent system of
    Federal aid which - 
        (1) provides assistance on an annual basis, with maximum
      certainty and minimum delay, upon which communities can rely in
      their planning;
        (2) encourages community development activities which are
      consistent with comprehensive local and areawide development
      planning;
        (3) furthers achievement of the national housing goal of a
      decent home and a suitable living environment for every American
      family; and
        (4) fosters the undertaking of housing and community
      development activities in a coordinated and mutually supportive
      manner by Federal agencies and programs, as well as by
      communities.