(b) Purposes The purposes of the Office are:
(1) to review and process applications under section
1472 (c) of this title and section
1485 (t) of this title related to the preservation of rural rental housing;
(2) to provide technical or financial assistance to any other projects needing such assistance;
(3) to coordinate and direct all other activities related to the preservation of rural housing; and
(4) to monitor compliance of projects prepaid or receiving incentives under the Housing Act of 1949.