(a) The purpose of this part is to facilitate the acquisition, construction, rehabilitation, and preservation of affordable rental housing for faculty and California State University employees to allow them to access and maintain housing stability.
(b) A program established under this part shall be restricted to faculty or California State University employees, except that a California State University campus may allow local public employees or other members of the public to occupy housing created through this part, subject to applicable laws and regulations.
(c) A California State University campus may prioritize California State University employees over local public employees or other members of the public to occupy housing.