The purpose of these regulations is to assure full disclosure to all residents and the public of plans proposed by the housing company to leave the jurisdiction of the division pursuant to either article 2 or article 4 of the Private Housing Finance Law, to effect a smooth transition of the management of a housing development and to assure that all actions required to be taken by the housing company have been performed prior to the dissolution thereof and to ensure that projects are in sound physical condition to protect the residents thereof and their long term viability.