Ellison, The Urban Development Action Grant Program: Using Federal Funds to Leverage Private Investment in Distressed Communities, 11 URB.
The Urban Development Action Grant program was created as part of the Housing and Community Development Act of 1977.
Department of Housing and Urban Development, AFL-CIO Housing Investment, Trust, Ohio Carpenters Pension Fund, the City of Cleveland, the Urban Development Action Grant
, and Cleveland Development Partnership.
That will involve the role in the Community Development Block Grant (CDBG) program in building infrastructure; it will involve changes in federal banking laws to enhance the Community Reinvestment Act (CRA) and to create a network of community development banks across the nation; and it will involve efforts to create a new kind of urban development action grant
program to leverage investment in cities from the private sector.
After all, the nation has poured billions of dollars into urban improvement - from the Great Society programs of the 1960s and the Urban Development Action grants
of the 1970s, to the enterprise zones of the 1980s and the empowerment zones of the 1990s - few with marked success.
Cashing in chits he earned by founding a Democrats for Reagan group in 1980, he drew more than $50 million in Urban Development Action Grants
to Jersey City-- the most per capita in such aid for any municipality in the nation.
These include suggested reductions for the Economic Development Administration and Urban Development Action Grants