All moneys deposited in the Community Development Incentive Project Fund are continuously appropriated to the Housing and Community Services Department to carry out the purposes of the fund. In addition to any other purpose specifically provided by law, moneys deposited in the fund shall be expended for community development purposes, including but not limited to:
(1) Promoting affordable housing development near jobs and transportation;
(2) Revitalizing downtowns and community centers; and
(3) Rebuilding rural and distressed economies.