Author Question: What are Community Development Corporations? What will be an ideal ... (Read 24 times)

awywial

  • Hero Member
  • *****
  • Posts: 577
What are Community Development Corporations?
 
  What will be an ideal response?

Question 2

What was the major objective of urban renewal initiated by the Housing Act of 1949?
 
  What will be an ideal response?



al

  • Sr. Member
  • ****
  • Posts: 344
Answer to Question 1

Community Development Corporations are grassroots, citizen-formed, neighborhood organizations that work to revitalize their own neighborhoods and communities. The CDCs seek development money wherever they can find it: bank loans, religious donations, corporate capital, or government grants. They work closely with local governments, businesses, religious groups, and other stakeholders in a community in creating a development plan and seeking resources to implement the plan.

Answer to Question 2

The Housing Act of 1949 initiated a program of urban renewal, which was a prominent approach to urban problems over the years. The major purpose of urban renewal was to rebuild blighted areas of cities, to provide low-cost housing for urban poor, and to stimulate private investment in the inner city through the physical redevelopment of deteriorated areas. Government funds were used to acquire and clear land, and this renewal was supposed to attract private investors.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

For a complete list of videos, visit our video library