Section 312 rehabilitation loans: alive and well
Article Abstract:
More 'Section 312' housing rehabilitation loans are available to housing and community development officials than at any time in the recent past. The US Department of Housing and Urban Development (HUD) has issued a new handbook that streamlines and consolidates program requirements, making Section 312 work more like private sector lending, and describing rules in easy-to-grasp language. The 1987 fiscal year will see $178 million made available for Section 312 loans, of which $142.9 million has already been allocated to HUD field and regional offices. The Section 312 program operates as a local-federal government venture, with the federal government providing and servicing loan funds and localities taking applications, verifying applicant information, obtaining appraisals, and other processing of the loans.
Publication Name: Journal of Housing
Subject: Social sciences
ISSN: 0272-7374
Year: 1987
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Who needs UDAG?
Article Abstract:
Should the Reagan Administration end the Urban Development Action Grant (UDAG) program, the results would be very serious to economically troubled cities. The UDAG is a partnership between the public and private sectors, and since its inception in 1977, UDAG has worked against the physical and economic degeneration of cities by promoting private investment. The UDAG is cost-efficient, has stimulated 24.2 billion dollars in private investment, its projects will create 528,700 permanent jobs, and it is a revenue producer of property and local taxes. Ending the program would not help to reduce the federal deficit; the loss of taxes and jobs created by the program would offset any savings realized by eliminating UDAG from the federal budget.
Publication Name: Journal of Housing
Subject: Social sciences
ISSN: 0272-7374
Year: 1986
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The truly disadvantaged
Article Abstract:
The rules and regulations governing the US Community Development Block Grant (CDBG) program should be changed to place greater emphasis on revitalizing low- and moderate-income neighborhoods. Local governments should then be required to fund services and facilities for these neighborhoods comparable to those of other neighborhoods. CDBG funds spent solely on the most economically disadvantaged neighborhoods will result in only a temporary solution or will perpetuate and strengthen economic underclass ghettos. Providing housing for low- and moderate income families, in contrast, will provide the welfare poor with role models and economic incentives to break the cycle of unemployment and public assistance.
Publication Name: Journal of Housing
Subject: Social sciences
ISSN: 0272-7374
Year: 1990
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