Investments glossary

Urban Development Act of 1970

The Urban Development Act Of 1970 is legislation through the U.S. Department of Housing and Urban Development that introduced the Federal Experimental Housing Allowance Program and Community Development Corporation. This act was enacted to establish a national growth policy in the U.S.; to encourage and support sensible growth and development in states, metropolitan regions, counties, cities, and towns highlighting new community and inner-city growth; and to amend certain laws regarding housing and urban development.

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