11-7-7. Housing and redevelopment commissions created--Findings and declaration of need required before exercise of powers.

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There is hereby created in each county and municipality in this state a public body corporate and politic, to be known as the housing and redevelopment commission, in and for that county and municipality. However, no commission may transact any business or exercise any powers until the governing body of the municipality or county, by resolution, finds that in the municipality or county:

(1)Slum or blighted areas exist;

(2)Insanitary or unsafe inhabited dwelling accommodations exist; or

(3)There is a shortage of decent, safe, and sanitary dwelling accommodations available to persons of low or moderate income, including veterans and servicemen, and their families at rentals or prices they can afford;