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The creation of Redevelopment Project Areas is a primary tool used by cities and counties to encourage commercial and residential growth in areas that have aged and are currently underdeveloped. Redevelopment activities stimulate revitalization efforts and economic development. For example, redevelopment activities can create new jobs by attracting new businesses, provide for workforce housing, improve homeownership possibilities through low interest loans, provide assistance to homeowners for property improvements, provide for environmental cleanup and crime reduction, and improve infrastructure.
(FAQ7135)
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