District of Columbia Urban Development Corporation Act

[AI summary unavailable — showing source text] District of Columbia Urban Development Corporation Act - Title I: General Provisions - Declares that there exists in the District of Columbia substantial and persistent unemployment with the lack of sufficient educational housing facilities and private funding sources which make it necessary for Congress to institute the following policies: (1) promote the health, safety, and welfare of its inhabitants by the creation of a corporate public body to be known as the District of Columbia Urban Development Corporation; (2) the purpose of such Corporation shall be the improvement and rehabilitation of substandard areas within the District; (3) pursuant to this Act the District and Federal Governments shall cooperate to fulfill the goals of this Act; (4) the Corporation shall encourage local initiative and employment; and (5) the Corporation shall encourage a high standard of human living. Defines specific terms used in accordance with this Act. Title II: Organization of the Corporation - Establishes the District of Columbia Urban Development Corporation as an instrumentality apart from the United States Government or the District Government whose affairs shall be managed by a board of di…