HUD Announces Community Revitalization Initiative

HUD announced Tucson is the nation's newest Empowerment Zone, eligible to share in an estimated $17 billion in tax incentives to stimulate job growth, promote economic development and create affordable housing opportunities.

1 minute read

February 23, 2002, 9:00 AM PST

By Abhijeet Chavan @http://twitter.com/legalaidtech

Tucson will receive regulatory relief and tax breaks to help local businesses provide more jobs and promote community revitalization. HUD recently announced seven other Empowerment Zones in Pulaski County, Arkansas; Fresno, California; Jacksonville, Florida; Syracuse, New York; Yonkers, New York; Oklahoma City; and, San Antonio. Authorized by the 2000 Community Renewal Tax Relief Act, the new Empowerment Zones will use the power of public and private partnerships to build a framework of economic revitalization in areas that experience high unemployment and shortages of affordable housing.

Thanks to Abhijeet Chavan

FULL STORY: HUD No. 02-024

Saturday, February 23, 2002 in HUD News

Community / Economic Development United States

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