URBAN RENEWAL PROJECT

What is URBAN RENEWAL PROJECT?

URBAN RENEWAL PROJECT meaning in Urban terms is  a project planned and undertaken by an LPA [Local Public Agency] in an urban renewal area with Federal financial and technical assistance under Title I of the Housing Act of 1949. A project may involve slum clearance and redevelopments rehabilitation and conservation, or a combination of both. It may include acquisition of land, relocation of displaced site occupants, site clearance, installation of site improvements, rehabilitation of properties and disposition of acquired land for redevelopment in accordance with the Urban Renewal Plan.

 

reference: Glossary of HUD Terms | US Department of Housing and Urban Development

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