A. Any public entity, as defined herein, shall be empowered to develop, construct, or acquire public housing for the purpose of renting such housing to low income or moderate income persons in the City of Berkeley, provided such development, construction or acquisition is financed through local, state, federal or private sources, or any combination thereof.

B. Any public entity, as defined herein, shall be empowered to assist in the development, construction or acquisition of cooperatively owned housing for the purpose of cooperative ownership by low income or moderate income persons in the City of Berkeley, provided such assistance is in the form of direct or indirect financial support from local government sources.

C. Any public entity or any private sponsor acting in conjunction with a public entity shall otherwise be empowered to develop, construct or acquire public housing for low income or moderate income persons in the City of Berkeley, whether such housing is for the purpose of rental or cooperative ownership or otherwise, provided such housing is financed in whole or in part by local, state, federal or private sources.

D. In no event shall any development, construction or acquisition of public housing, as defined and authorized herein, exceed three hundred units as authorized by this chapter, plus any remaining units as authorized previously by Ordinance No. 4978-N.S. (Ord. 5328-NS § 2, 1981: Ord. 4978-NS § 2, 1977)