The Administration is created to:

            (1)      coordinate activities and programs that contribute to sound community development;

            (2)      encourage and facilitate the development of new and existing communities by reducing the costs of development through grants, loans, and other forms of financial assistance;

            (3)      encourage and facilitate energy conservation and the use of solar energy in residential buildings and commercial buildings through grants, loans, and other forms of financial assistance;

            (4)      make land available for sound community development; and

            (5)      assist the efforts of private enterprise, political subdivisions, local public agencies, local development entities, and nonprofit organizations.