(a) The department shall support in the manner described by Subsection (b) the preservation of affordable housing for individuals with special needs, as defined by Section 2306.511, and individuals and families of low income at any location considered necessary by the department.
(b) The department shall support the preservation of affordable housing under this section by:
(1) making low interest financing and grants available to private for-profit and nonprofit buyers who seek to acquire, preserve, and rehabilitate affordable housing; and
(2) prioritizing available funding and financing resources for affordable housing preservation activities.