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Carter unveils multi billion urban policy plan
President Carter disclosed a national urban policy with a multi billion dollar package for cities and neighborhoods. It includes nearly 2.7 billion in new spending and a 1 billion loan subsidy program over 30 years, plus tax breaks to spur hiring and development in distressed areas. The plan requires congressional approval and seeks a national development bank to subsidize investments in distressed cities and rural areas. Patricia Harris leads the Cabinet level Urban and Regional Policy Group coordinating the effort.
MENTIONED IN THIS ARTICLE
Washington
Carter
White House
Treasury Department
Congress
National Development Bank
Department of Housing and Urban Development
Patricia Harris