Department of Housing and Urban Development. Urban renewal. Melbourne Docklands urban renewal project, a transformation of a large disused docks into a new residential and commercial precinct for 25,000 people Urban renewal involves the relocation of businesses, the demolition of structures, the relocation of people, and the use of eminent domain (government purchase of property for public purpose) as a legal instrument to take private property for city-initiated development projects.
This process is also carried out in rural areas, referred to as village renewal, though may not be exactly the same in practice.[1] In some cases, renewal may result in urban sprawl and less congestion when areas of cities receive freeways and expressways.[2] Urban renewal has been seen by proponents as an economic engine and a reform mechanism, and by critics as a mechanism for control. It may enhance existing communities, and in some cases result in the demolition of neighborhoods.
History[edit] England[edit] Interwar period[edit] United States[edit] [edit] Federal Financial Assistance for Historic Preservation Projects: Community and Economic Development Programs. Federal financial assistance programs that promote community and economic development are key sources of funding for historic preservation projects. These programs can assist in the rehabilitation of historic houses, historic commercial buildings, and infrastructure in historic neighborhoods.
There are general programs, as well as those aimed at particular areas or populations, such as rural areas, the homeless, Indians, the elderly, etc. Several transportation funding programs are also available to assist in rehabilitation of historic mass transportation facilities. Nthp_state_tax_credits_model_policy. An Overview of Opportunities for State — Federal Funding Coordination | Mid Atlantic Brownfields.
Over the past decade, national trends in brownfields financing have focused on partnerships with federal agencies that have targeted resources to meeting various brownfield needs. The brownfields “marriages” promoted by EPA were first launched in 1997 as part of Brownfields National Partnership Action Agenda. These links have been creative and productive, as outlined in this guide. However, traditional state development programs can also be used creatively in the brownfields financing mix. This section provides examples of creative financing programs and suggestions for how resources can be leveraged together to enable site developers to pursue funding for a range of project components.
When examining the experiences of several communities, it is clear that successful brownfields revitalization requires innovative funding partnerships that link together a number of federal, state and local financing programs and resources. [Back to Top] Direct Financing Efforts Loan Programs. Grants & Funding Sources, PreservationDirectory.com - Historic Preservation and Cultural Resource Management Resources and Research Tools for Historical Societies, Organizations and the General Public -