what is the urban development act of 1970 
the urban development act of 1970 is legislation enforced through the u s department of housing and urban development hud that introduced the federal experimental housing allowance program and community development corporation this act was passed to do the following understanding urban development act of 1970the u s department of housing and urban development was established in 1937 through the u s housing act of 1937 the department of housing and urban development act of 1965 established hud as a cabinet level agency within the u s government the urban development act of 1970 authorized the government to provide greater outlays for housing subsidy programs and rent supplement programs for low and moderate income households funding for projects related to the act comes from a variety of sources including state local and federal government donations from individuals and corporations as well as loans through traditional and non traditional financial institutions the act created the community development corporation a national network of nonprofit community based organizations focused on revitalizing their local communities typically low income under served neighborhoods that have deteriorated and where investment is scant first and foremost these organizations help develop affordable housing but they are also involved in economic development sanitation street beautification and neighborhood planning projects the federal experimental housing allowance programthe act also ran the federal experimental housing allowance program which began in 1973 and ended in 1979 involving more than 25 000 families in 12 metropolitan areas with some 170 million in subsidies to individual families the idea was to see how best to improve housing conditions for low income people by giving them vouchers to pay for market rate housing rather than build new public housing the urban institute concluded in the late 1970s that housing allowances do not provide significant momentum towards most of the stated goals of hud policy later policies had hud providing subsidies directly to landlords through the section 8 program and building additional large public housing projects an activity that has largely ended federal spending on housing is mostly geared toward wealthier people a 2017 study by apartment list found the popular tax break called the mortgage interest deduction mid cost the federal government 71 billion in 2015 more than double the 29 billion spent on section 8 funding for low income renters in addition over half of high income households claim mid while just 11 of low income households receive subsidies of any kind for housing mortgage lending discrimination is illegal if you think you ve been discriminated against based on race religion sex marital status use of public assistance national origin disability or age there are steps you can take one such step is to file a report to the consumer financial protection bureau or with the u s department of housing and urban development hud 