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The Empowerment Zone Program consists of three US congressional designations. [2] The Renewal Communities (RCs), Empowerment Zones (EZs) and Enterprise Communities (ECs) are highly distressed urban and rural communities that may be eligible for a combination of grants, tax credits for businesses, bonding authority and other benefits.
Another provision of the Community Renewal Tax Relief Act of 2000 was the improvement and expansion of an existing program of "empowerment zones." [2] The law authorized the creation of additional empowerment zones, which were originally created in 1993, and the expansion of some of the tax incentives available. [2]
Community Services Block Grant. The Community Services Block Grant (CSBG) provides federal funding for Community Action Agencies (CAAs) and other programs that seek to address poverty at the community level. Like other block grants, CSBG funds are allocated to the states and other jurisdictions (including tribes, the District of Columbia, the ...
University of Pennsylvania. (MSW) Robert Leon Woodson Sr.[1] (born April 8, 1937) is an American civil rights activist, community development leader, author, and founder and president of the Woodson Center, a non-profit research and demonstration organization that supports neighborhood-based initiatives to revitalize low-income communities. [2]
Empowerment Zone and Enterprise Community program becomes law as part of the Omnibus Budget Reconciliation Act of 1993. 1995 – "Blueprint for Reinvention of HUD" proposes sweeping changes in public housing reform and FHA, consolidation of other programs into three block grants.
The tax break comes from Fort Worth’s Neighborhood Empowerment Zone program, which is meant to promote affordable housing and economic development in the central city. Anyone building a house ...
Three primary means were used: renewal communities, empowerment zones, and community development entities. [2] The bill also created the New Markets Tax Credit Program, which has been renewed several times and is still in effect. [3] One provision of the Community Renewal Tax Relief Act of 2000 was the creation of 40 "renewal communities". [2]
Northeast Boundary is a relatively poor neighborhood with few amenities and limited retail services. In April 2018, the District of Columbia nominated a portion of Northeast Boundary for listing as an Opportunity Zone, a federal incentive program designed to encourage business and commercial investment in low-income areas. [6]