The CRA/LA is involved in a variety of housing programs designed to help alleviate the severe shortage of affordable housing in the City of Los Angeles. These programs are based on the objectives of the Agency's redevelopment projects, California redevelopment law and the housing policies of the City. The CRA/LA Interim Housing Policy (the "Policy") is intended to serve as the framework for the development and implementation of all housing in which the CRA/LA is involved. It establishes objectives as to location, income mix, tenure type, household type, management, occupancy standards and the major parameters of the Agency's financial assistance programs.