It is hereby declared that:
(a) There exists in the Commonwealth of Puerto Rico an acute shortage of safe and hygienic dwellings within the financial means of families of moderate income, as hereinafter defined.
(b) Because of said shortage of dwellings, many families of moderate income, including those displaced from areas where urban renewal programs and public improvement projects are developed, are compelled to live in crowded and unsanitary dwellings.
(c) The alarming growth of slums continues to aggravate the housing problem in general.
(d) The effort of private enterprise cannot provide sufficient safe and hygienic dwellings at a rent or sale price that can be paid by families of moderate income.
It is likewise declared that the acute shortage of dwellings for persons of moderate income and the existence of the conditions created by said shortage, threaten and endanger the health, safety, welfare and comfort of a great sector of the population of Puerto Rico; that it is in the public interest and constitutes a public aim to ease said acute shortage of dwellings for families of moderate income.
History —June 26, 1964, No. 82, p. 260, § 1.