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Housing And Urban Development Act Of 1970
Title VII, otherwise known as the Housing and Urban Development Act of 1970 or New Communities Assistance Program was established to guarantee bonds, debentures, and other financing of private and public new community developers and to provide other development assistance through interest loans and grants, public service grants, and planning assistance. In raising the ceiling on guarantees for new communities to $500 million, Title VII made truly largescale projects feasible. The program included a number of other provisions that supported planning for urban development and funded new public services. Importantly, the law "significantly expanded the concept of urban renewal to permit acquisition of land which was not blighted, including low utility land, inappropriately used land, ndmarginal land . . . for renewal purposes. This was done primarily to encourage and enable cities to undertake large-scale urban redevelopment projects, in effect, new-towns-in-town." As a 1973 Urban La ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bond (finance)
In finance, a bond is a type of security under which the issuer ( debtor) owes the holder ( creditor) a debt, and is obliged – depending on the terms – to repay the principal (i.e. amount borrowed) of the bond at the maturity date as well as interest (called the coupon) over a specified amount of time. The interest is usually payable at fixed intervals: semiannual, annual, and less often at other periods. Thus, a bond is a form of loan or IOU. Bonds provide the borrower with external funds to finance long-term investments or, in the case of government bonds, to finance current expenditure. Bonds and stocks are both securities, but the major difference between the two is that (capital) stockholders have an equity stake in a company (i.e. they are owners), whereas bondholders have a creditor stake in a company (i.e. they are lenders). As creditors, bondholders have priority over stockholders. This means they will be repaid in advance of stockholders, but will rank behind s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Debenture
In corporate finance, a debenture is a medium- to long-term debt instrument used by large companies to borrow money, at a fixed rate of interest. The legal term "debenture" originally referred to a document that either creates a debt or acknowledges it, but in some countries the term is now used interchangeably with bond, loan stock or note. A debenture is thus like a certificate of loan or a loan bond evidencing the company's liability to pay a specified amount with interest. Although the money raised by the debentures becomes a part of the company's capital structure, it does not become share capital. Senior debentures get paid before subordinate debentures, and there are varying rates of risk and payoff for these categories. Debentures are freely transferable by the debenture holder. Debenture holders have no rights to vote in the company's general meetings of shareholders, but they may have separate meetings or votes e.g. on changes to the rights attached to the debentures ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Urban Renewal
Urban renewal (also called urban regeneration in the United Kingdom and urban redevelopment in the United States) is a program of land redevelopment often used to address urban decay in cities. Urban renewal involves the clearing out of blighted areas in inner cities to slum clearance, clear out slums and create opportunities for higher class housing, businesses, and other developments. A primary purpose of urban renewal is to restore economic viability to a given area by attracting external private and public investment and by encouraging business start-ups and survival. It is controversial for its eventual Forced displacement, displacement and Destabilisation, destabilization of low-income residents, including African Americans and other marginalized groups. Historical origins Modern attempts at renewal began in the late 19th century in developed nations, and experienced an intense phase in the late 1940s under the rubric of Reconstruction (architecture), reconstruction. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Blight
Blight refers to a specific symptom affecting plants in response to infection by a pathogenic organism. Description Blight is a rapid and complete chlorosis, browning, then death of plant tissues such as leaves, branches, twigs, or floral organs. Accordingly, many diseases that primarily exhibit this symptom are called blights. Several notable examples are: * Late blight of potato, caused by the water mold ''Phytophthora infestans'' (Mont.) de Bary, the disease which led to the Great Irish Famine * Southern corn leaf blight, caused by the fungus ''Cochliobolus heterostrophus'' (Drechs.) Drechs, anamorph ''Bipolaris maydis'' (Nisikado & Miyake) Shoemaker, incited a severe loss of corn in the United States in 1970. * Chestnut blight, caused by the fungus ''Cryphonectria parasitica'' (Murrill) Barr, has nearly completely eradicated mature American chestnuts in North America. * Citrus blight, caused by an unknown agent, infects all citrus scions. * Fire blight of pome fruits, caus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Urban Land Institute
The Urban Land Institute, or ULI, is a nonprofit research and education organization with regional offices in Washington, D.C., Hong Kong, and London. ULI advocates progressive development, conducting research, and education in topics such as sustainability, smart growth, compact development, place making, and workforce housing. Its stated mission is to "shape the future of the built environment for transformative impact in communities worldwide". ULI was founded in 1936 as the research arm of the National Association of Realtors and currently has more than 45,000 members, with more than 10% of the members working in government, academia, or public-private partnerships. Most of the rest are involved in the real estate and urban development industries. ULI publishes research and runs initiatives and programs, including the Advisory Services Program that provides government, businesses, and nonprofits with strategic advice on real estate development and urban policy issues. The p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Department Of Housing And Urban Development
The United States Department of Housing and Urban Development (HUD) is one of the executive departments of the U.S. federal government. It administers federal housing and urban development laws. It is headed by the Secretary of Housing and Urban Development, who reports directly to the President of the United States and is a member of the president's Cabinet. Although its beginnings were in the House and Home Financing Agency, it was founded as a Cabinet department in 1965, as part of the "Great Society" program of President Lyndon B. Johnson, to develop and execute policies on housing and metropolises. History The idea of a department of Urban Affairs was proposed in a 1957 report to President Dwight D. Eisenhower, led by New York Governor Nelson A. Rockefeller. The idea of a department of Housing and Urban Affairs was taken up by President John F. Kennedy, with Pennsylvania Senator and Kennedy ally Joseph S. Clark Jr. listing it as one of the top seven legislative prioritie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Housing In The United States
In the United States, subsidized housing is administered by federal, state and local agencies to provide subsidized rental assistance for low-income households. Public housing is priced much below the market rate, allowing people to live in more convenient locations rather than move away from the city in search of lower rents. In most federally-funded rental assistance programs, the tenants' monthly rent is set at 30% of their household income. Now increasingly provided in a variety of settings and formats, originally public housing in the U.S. consisted primarily of one or more concentrated blocks of low-rise and/or high-rise apartment buildings. These complexes are operated by state and local housing authorities which are authorized and funded by the United States Department of Housing and Urban Development (HUD). In 2020, there were 1 million public housing units. Subsidized apartment buildings, often referred to as ''housing projects'' (or simply "the projects"), have a comp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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