In order to assist the local housing programs authorized pursuant to this part, the agency is authorized to:
(1) Provide technical assistance to local programs;
(2) Develop demonstration projects for serving very low, low and moderate income persons and families;
(3) Encourage cost effective designs of very low, low and moderate income housing;
(4) Provide rehabilitation and construction financing from the assets fund and the housing program reserve fund at rates consistent with this chapter;
(5) Give priority for mortgage funds made available through the mortgage revenue bonds of the agency, to housing developed by local housing programs;
(6) In conjunction with the department of correction, implement mutually beneficial housing assistance programs for development of additional housing for very low, low and moderate income households under this part, utilizing inmates and other vocational training resources; and
(7) In conjunction with the department of economic and community development, support the funding of applications for community development block grants for housing submitted by eligible applicants for eligible projects.