Urban Development Act Of 1970

AAA

DEFINITION of 'Urban Development Act Of 1970'

Legislation through the U.S. Department of Housing and Urban Development that introduced the Federal Experimental Housing Allowance Program and Community Development Corporation. The Urban Development Act of 1970 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.


Also known as the Housing and Urban Development Act of 1970.

INVESTOPEDIA EXPLAINS 'Urban Development Act Of 1970'

The U.S. Department of Housing and Urban Development (HUD) was established in 1937 through the U.S. Housing Act of 1937. The Department of Housing and Urban Development Act of 1965 established HUD as a Cabinet-level agency within the U.S. government. The Urban Development Act of 1970 authorized the government to provide greater outlays for housing subsidy programs and rent supplement programs for low and moderate income households.

RELATED TERMS
  1. Federal Home Loan Bank Act

    An act passed by the Hoover administration in 1932 that was designed ...
  2. U.S. Department of Housing and ...

    A U.S. government agency created in 1965 to support community ...
  3. Fannie Mae - Federal National Mortgage ...

    A government-sponsored enterprise (GSE) that was created in 1938 ...
  4. Federal Home Loan Bank System - ...

    An organization created by the Federal Home Loan Bank Act of ...
  5. FHA Loan

    A mortgage issued by federally qualified lenders and insured ...
  6. Separation Of Powers

    An organizational structure in which responsibilities, authorities, ...
Related Articles
  1. Personal Finance

    Understanding Your Mortgage

    We walk through the steps needed to secure the best loan to finance the purchase of your home.
  2. Home & Auto

    Applying For An FHA 203(k) Loan

    If you have the time and energy, the 203(k) loan is often the only way to finance a property needing significant repairs.
  3. Home & Auto

    Watch Out For "Junk" Mortgage Fees

    So many fees are tacked on to a mortgage, that it's easy to pay more than you have to.
  4. Economics

    Analysing Risks On The Upcoming UK General Elections

    Rising UK political risk keeps investors funds on the sideline.
  5. Economics

    Vladimir Putin: Rise to Power and Fortune

    An article about Vladimir Putin, where he studied, how he came into power, his net worth, and the current leverage he has on world politics.
  6. Stock Analysis

    A New Economic Threat: State-Sponsored Hacking

    State sponsored hacking attempts are becoming a major cause of concern to the US. Here is a list of US sectors most vulnerable to state-sponsored hacking.
  7. Economics

    Are Greece’s Worries Almost Over?

    Last week ended with the news that Greece and the European Union (EU) finance ministers struck a deal to temporarily extend the Greek bailout program.
  8. Economics

    Why Is Ukraine At War? A Russian Rivalry With West

    Huge power games which are being played behind the Ukrainian conflict are rooted in a previous revolution, a past Cold War, and an old Russia-West rivalry.
  9. Economics

    Does A Junk Rating Reflect Russia's Fundamentals?

    Moody’s, like other credit rating agencies, has downgraded Russia’s sovereign debt rating to non-investment grade, but does this reflect Russia's economy?
  10. Economics

    This Is A Small Country With Huge Potential to Grow

    Trinidad and Tobago's increased revenue and economic success have been primarily generated by its energy sector, but it still might be best to diversify.

You May Also Like

Hot Definitions
  1. Risk Averse

    A description of an investor who, when faced with two investments with a similar expected return (but different risks), will ...
  2. Fixed-Charge Coverage Ratio

    A ratio that indicates a firm's ability to satisfy fixed financing expenses, such as interest and leases. It is calculated ...
  3. Efficiency Ratio

    Ratios that are typically used to analyze how well a company uses its assets and liabilities internally. Efficiency Ratios ...
  4. Fixed Cost

    A cost that does not change with an increase or decrease in the amount of goods or services produced. Fixed costs are expenses ...
  5. Subsidy

    A benefit given by the government to groups or individuals usually in the form of a cash payment or tax reduction. The subsidy ...
  6. Sunk Cost

    A cost that has already been incurred and thus cannot be recovered. A sunk cost differs from other, future costs that a business ...
Trading Center