Urban Development Action Grant

Definition of "Urban development Action Grant"

It is intended to stimulate private investment in distressed cities and urban counties by providing federal "seed money' to attract private funds for such projects as industrial parks and revitalized waterfront areas. The Community Development Block Grants program transfers HUD funds directly to cities and states for urban renewal projects.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

Use of a parcel of land that will produce the greatest current value. ...

To acquit, exonerate, absolve, or discredit allegations. ...

The quality of life enjoyed by a person depending on factors such as spendable income, housing conditions, health and education. ...

Initial offer to buy or sell answered with a revised offer. For example, a buyer offers $500,000 for a home put on the market. The owner rejects the offer but submits a counteroffer for ...

The definition of emblements in real estate is very simple: emblements are the crops grown on a piece of property leased to a tenant. Legally, the crops are the property of the person who ...

Defect in the tax law that either may provide a loophole to minimize the tax payment or result in higher taxes than there should be. ...

Pump installed in the sump of a building to pump out and drain any water or liquids that have accumulated. ...

Street having access only at one end and terminating with a circular turnaround area. The circular area permits automobiles to exit the street without having to use a home's driveway to ...

Individual who has a legal obligation to pay money to another. ...

Popular Real Estate Questions