TITLE

Community Development: Information Related to H.R. 3865, the American Community Renewal Act of 1998: T-RCED-98-196

PUB. DATE
May 1998
SOURCE
GAO Reports;5/19/1998, p1
SOURCE TYPE
Government Documents
DOC. TYPE
Article
ABSTRACT
H.R. 3865, the American Community Renewal Act of 1998, allows for the designation of 100 areas as "renewal" communities. These communities would receive incentives to increase jobs, form and expand small businesses, and increase educational opportunities and homeownership. To be eligible for designation as a renewal community, the community must meet economic distress criteria of at least 150 percent of the national unemployment rate; at least 20 percent poverty; and, in urban areas, at least 70 percent of the community's households must have incomes of less than 80 percent of the area median household income. Empowerment Zones and Enterprise Communities seek to revitalize economically distressed areas. This testimony discusses the targeting of community development benefits included in H.R. 3865 and shares lessons learned from the early implementation of another community development program that created Empowerment Zones and Enterprise Communities.
ACCESSION #
18223633

 

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