(a) For the purposes of this chapter a municipality may formulate for itself a workable program for utilizing appropriate private and public resources to:
(i) Eliminate and prevent the development or spread of slums and urban blight;
(ii) Encourage needed urban rehabilitation;
(iii) Provide for the redevelopment of slum and blighted areas; or (iv) Undertake any of those activities or other feasible municipal activities as may be suitably employed to achieve the objectives of a workable program.
(b) A workable program may include provisions for the:
(i) Prevention of the spread of blight through diligent enforcement of housing, zoning and occupancy controls and standards;
(ii) Rehabilitation or conservation of slum and blighted areas or portions thereof by:
(A) Replanning;
(B) Removing congestion;
(C) Providing parks, playgrounds and other public improvements;
(D) Encouraging voluntary rehabilitation; and (E) Compelling the repair and rehabilitation of deteriorated or deteriorating structures.
(iii) Clearance and redevelopment of slum and blighted areas or portions thereof.