(a) The department shall support in the manner described by Subsection (b) the preservation of affordable housing for individuals with special needs, as defined by § 2306.511, and individuals and families of low income at any location considered necessary by the department.
(b) The department shall support the preservation of affordable housing under this section by:
(1) making low interest financing and grants available to private for-profit and nonprofit buyers who seek to acquire, preserve, and rehabilitate affordable housing; and
(2) prioritizing available funding and financing resources for affordable housing preservation activities.