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Politics : PRESIDENT GEORGE W. BUSH

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To: 2MAR$ who wrote (29155)8/12/2000 6:19:10 PM
From: 2MAR$  Read Replies (1) of 769667
 
$10.5 Million in HUD Funds to Bring Jobs, Revitalize Environmentally Distressed Area in San Antonio
biz.yahoo.com

"Since 1993, the Clinton Administration has taken a series of actions to clean-up and redevelop brownfields and return them to productive use. Included among the actions are:

* Providing seed money to communities for revitalization;
* Removing regulatory barriers to redevelopment; and,
* Providing targeted tax incentives to businesses that purchase and
clean- up the sites.

The Section 108 loan program permits communities to borrow funds at reduced interest rates to promote economic development, expand the housing stock or improve public facilities. The loan is ``backed'' by a portion of a jurisdiction's annual Community Development Block Grant entitlement."
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