Urban Development Act of 1970

Urban Development Act of 1970

Legislation in the United States that provided federally guaranteed (but privately managed) insurance to business owners and residents in high-crime areas. The Act was intended to improve the business climate in urban areas that could not previously acquire insurance because of the excessive risk.
References in periodicals archive ?
With the Housing and Urban Development Act of 1970, the government began underwriting new towns as well.
Full browser ?