A bill to amend section 119 of the Housing and Community Development Act of 1974 to modify the selection criteria for urban development action grants.

Summary

Amends the Housing and Community Development Act of 1974 regarding urban development action grant criteria to establish the following selection criteria: (1) the ratio of private investment dollars to grant funds (at least three to one); (2) the ratio of permanent jobs to be created to the amount of grant funds; (3) the proportion of such jobs likely to go to unemployed and poor people and minorities; (4) the project's impact on local revenues; and (5) other appropriate economic benefits.

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Timeline

1. 3 April 1985

   Introduced

   Read twice and referred to the Committee on Banking.

   Source: IntroReferral

2. 3 April 1985

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 3 April 1985

  Open at official source

Sponsors

• Sen. Gorton, Slade [R-WA] · R · Sponsor
• · ssbk00 · Standing

Related records

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