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.
February 23, 2002, 9am PST | Abhijeet Chavan | @legalaidtech
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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

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Published on Saturday, February 23, 2002 in HUD News
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