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        <ExplanationTxt>THE PURPOSE FOR WHICH THIS CORPORATION IS ORGANIZED IS THE RECOGNITION OF THE MUTUAL CONCERN AND COMMON INTERESTS TO ACHIEVE BETTER LIVING ENVIRONMENTS FOR THE RESIDENTS OF THE CITY OF NEWARK, INCLUDING BUT NOT LIMITED TO THOSE RESIDING WITHIN UNITS OWNED AND/OR OPERATED BY THE NEWARK HOUSING AUTHORITY, AND THE STATE OF NEW JERSEY THROUGH PROVIDING DECENT, SAFE AND AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME FAMILIES,INCLUDING NECESSARY SOCIAL PROGRAMS AND JOB OPPORTUNITIES FOR RESIDENTS WHEN POSSIBLE.</ExplanationTxt>
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        <ExplanationTxt>THE OBJECTIVES OF THE CORPORATION ARE: A. TO BRING TOGETHER THE RESOURCES AND TECHNICAL EXPERTISE OF FEDERAL, STATE AND LOCAL OFFICIALS. TO SEEK THE ASSISTANCE OF HOUSING GROUPS, FOUNDATIONS, PRIVATE SECTOR ORGANIZATIONS AND THE COMMUNITY AT LARGE AS IT RELATES TO THE PROVISION OF AFFORDABLE HOUSING WITHIN THE CITY OF NEWARK AND STATE OF NEW JERSEY WHOSE PRIMARY RESPONSIBILITIES INVOLVE THE REHABILITATION AND OR CONVERSION OF EXISTING HOUSING, THE DEVELOPMENT OF NEW AFFORDABLE HOUSING, AND THE GENERAL IMPROVEMENT OF HOUSING CONDITIONS AS IT RELATES TO HOUSING, SOCIAL PROGRAMS AND JOB OPPORTUNITIES. B. TO IMPROVE THE QUALITY OF LIFE FOR RESIDENTS OF THE CITY OF NEWARK, INCLUDING BUT LIMITED TO THOSE RESIDING WITHIN UNITS OWNED AND/OR OPERATED BY THE NEWARK HOUSING AUTHORITY, BY PROVIDING BETTER AND MORE DIVERSE HOUSING OPPORTUNITIES. C. TO ENCOURAGE IMPROVED EFFICIENCY AND COOPERATION BETWEEN PUBLIC HOUSING AUTHORITIES AND ALL LEVELS OF GOVERNMENT AND THE PRIVATE SECTOR AND IN DOING SO AVOID UNNECESSARY DUPLICATION AND INEFFICIENCIES. D. TO PROMOTE THE HIGHEST STANDARDS OF PROFESSIONAL ETHICS.</ExplanationTxt>
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