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42 U.S. Code § 5301. Congressional findings and declaration of purpose
(a) Critical social, economic, and environmental problems facing Nation’s urban communitiesThe 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.