Word: udag
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...search for areas to cut He is locked into expenditures beyond even his cutting reach--interest on the national debt, social security, military, civil service and veterans' pensions, and the President's commitments to defense and agri-business Therefore the $8.5 billion in annual outlays for GRS, CDBG and UDAG are a tempting target...
Plans for development in the inner cities are not a new concern. Beginning with the national Urban Renewal Program of the 1960s, and continuing with the Urban Development Action Grants (UDAG) in the late 1970s, the federal government has offered money to cities able to attract capital investment from businessmen. But until recently, that interest hadn't existed in Cambridge...
...million UDAG grant will fund the redesign of the Lechmere canal in East Cambridge, and a massive development project is designed to bring office and retail space to the Riverfront area. In the Alewife region, where three office complexes have been completed recently, additional office and industrial development is planned. Successful completion of the MBTA Redline extension is crucial for success in Alewife. In Cambridgeport, the major revitalization plans--under the supervision of MIT--have been stalled pending further negotiations with neighborhood residents. Plans for the other areas have already received local approval...
Cambridge would also be hurt by rollbacks in the popular Urban Development Action Grant (UDAG) program, added Duehay in the letter. The program, which provides funding for public improvements, is valuable for its job development potential, the letter said...
...appointed him Assistant Secretary of Housing and Urban Development. As the Administration's point man on urban distress, one of the toughest jobs in town, Embry created the Urban Development Action Grant program that is helping to save 327 distressed urban areas by encouraging private investment. To qualify for UDAG, a mayor must prove that his proposal has local business support and will create jobs. In the past two years, HUD has paid out $700 million in seed money that in turn has generated an investment of $4.1 billion in private funds. An unflappable official, the Baltimore born and bred...