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.

BREAKING DOWN '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. U.S. Department of Housing and ...

    A U.S. government agency created in 1965 to support community ...
  2. Project Notes

    A short-term debt obligation issued to finance a project or endeavor ...
  3. Consumer Price Index For All Urban ...

    A measure that examines the changes in the price of a basket ...
  4. Fair Housing Act

    This law (Title VIII of the Civil Rights Act of 1968) forbids ...
  5. Canada Mortgage and Housing Corporation ...

    An organization sponsored by the Canadian government that provides ...
  6. U.S. House Financial Services Committee

    The congressional committee responsible for monitoring, writing ...
Related Articles
  1. Investing

    How Cheap is Affordable Housing Right Now?

    Learn how many affordable housing government programs work in the United States, including income requirements and the scarcity of affordable apartments.
  2. Investing

    What to Expect From Urban Outfitter's Earnings (URBN)

    Do investors want to risk 20% year-to-date stock gains to only discover Urban is still dealing with more deficits?
  3. Investing

    Urban Outfitter Beats Earnings Estimates (URBN)

    For now, investors would do well to take some profits in URBN stock and move on to the next good idea.
  4. Investing

    Investing In China

    Investment opportunity is huge in China. However, investors should consider the pitfalls, understand the risks and rewards, focus on shareholder-friendly companies and stick to investments they ...
  5. Investing

    Target to Open More Small-Box Stores (TGT)

    Target is aiming to expand its urban reach by opening 14 small-box stores this year.
  6. Investing

    Urban Outfitters Stock Declines Ahead of Earnings (URBN)

    Wall Street expects the teen apparel retailer to deliver year-over-year increase in revenue, while profits are projected to be flat.
  7. Investing

    Has Urban Outfitters Lost its Way? (URBN)

    Urban Outfitters just made a bold move. Will it pay off?
  8. Investing

    Essential Tips For Buying A HUD Home

    Buying a HUD home from the government requires some studying and planning, but the reward can be huge. Here are some essential tips.
  9. Investing

    Has Rising Rent in Big Cities Peaked?

    Learn how the interplay of supply and demand factors in coming years are to influence whether rental prices peak or continue to rise.
  10. Investing

    Urban Outfitters' Record Q2 Crushes Estimates

    Shares of youth-focused clothing retailer Urban Outfitters (NASDAQ: URBN) understandably rose 12% in after-hours trading following the release of second-quarter fiscal 2017 results on Tuesday. ...
RELATED FAQS
  1. How does industrialization lead to urbanization?

    Discover the connection between industrialization and urbanization and learn how economic growth increases the demand for ... Read Answer >>
  2. What are some of the challenges in real estate development?

    Learn what real estate development is, what developers do, and how real estate development is hindered by both risks and ... Read Answer >>
  3. What is the difference between research and development and product development?

    Understand the difference between research and development and product development. Learn why a company would want to invest ... Read Answer >>
  4. How does a decline in housing prices affect the banking sector?

    Learn about the affects on banks when housing prices go down, including loan delinquency rates, mortgage foreclosures, and ... Read Answer >>
Hot Definitions
  1. Graduate Record Examination - GRE

    A standardized exam used to measure one's aptitude for abstract thinking in the areas of analytical writing, mathematics ...
  2. Graduate Management Admission Test - GMAT

    A standardized test intended to measure a test taker's aptitude in mathematics and the English language. The GMAT is most ...
  3. Magna Cum Laude

    An academic level of distinction used by educational institutions to signify an academic degree which was received "with ...
  4. Cover Letter

    A written document submitted with a job application explaining the applicant's credentials and interest in the open position. ...
  5. 403(b) Plan

    A retirement plan for certain employees of public schools, tax-exempt organizations and certain ministers. Generally, retirement ...
  6. Master Of Business Administration - MBA

    A graduate degree achieved at a university or college that provides theoretical and practical training to help graduates ...
Trading Center