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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 24 - Housing and Urban Development |
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Subtitle B - Regulations Relating to Housing and Urban Development |
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Chapter V - Office of Assistant Secretary for Community Planning and Development, Department of Housing and Urban Development |
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SubChapter C - Community Facilities |
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Part 598 - URBAN EMPOWERMENT ZONES: ROUND TWO DESIGNATIONS |
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Subpart A - General Provisions |
§ 598.2 - Objective and purpose.
Latest version.
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The purpose of this part is to provide for the establishment of Empowerment Zones in urban areas, to stimulate the creation of new jobs—empowering low-income persons and families receiving public assistance to become economically self-sufficient—and to promote revitalization of economically distressed areas.