(1) The Corporation may, after consultation with the Minister, make arrangements with a company, firm, partnership or local government authority for the purpose of enabling such body to—
(a) provide housing accommodation for low income households;
(b) provide housing accommodation to relocate persons displaced—
(i) by government action under any law,
(ii) by a settlement clearance or redevelopment scheme,
(iii) by the demolition of a building under section 17, or
(iv) in response to a natural disaster or other emergency;
(c) alter, repair or improve a house or building which the Corporation has acquired or has an interest in, with a view to providing or improving housing accommodation for low income households.
(2) The Corporation may, after consultation with the Minister, create a subsidiary company to undertake any of the functions of the Corporation.