; (4) as a result of this disinvestment, the program has lost thousands of units due to demolition and disposition as well as due to previous revitalization programs’ failure to require one-for-one replacement, and many more units are at risk of being lost; and (5) a holistic approach is now needed to fully support the revitalization of public housing, including efforts to stop the loss of public housing units through full-funding, one-for-one replacement of units and robust tenant protections during the revitalization process, and the creation of the financial tools necessary to transform neighborhoods of extreme poverty into communities that will improve the quality of life of current and future residents. (b) Purposes The purposes of this Act are— (1) to transform neighborhoods of extreme poverty by revitalizing severely distressed public housing while improving access to economic opportunities and investing and leveraging investments in supportive services, education programs, public assets, public transportation, and improved access to jobs; (2) to require the one-for-one replacement of public and assisted housing dwelling units that are demolished or disposed of; (3) to provide for increased tenant protections through the revitalization process; (4) to ensure that current residents benefit from transformation by preserving affordable housing in the neighborhood and, to the maximum extent possible, providing residents the choice to stay in their communities or move to affordable housing in another neighborhood of opportunity; (5) to protect public housing as a critical public asset; (6) to restore robust funding for the public housing program