This report contains an assessment of the urban and community impacts of a proposed funding .increase in HUD's Section 312 program. Since its inception in 1966, 312 has provided 55,000 housing rehabilitation loans, primarily to owner-occupied units. Operating in tandem with other HUO programs such as COBG and urban renewal, 312 has attempted to supplement these programs' efforts at fostering neighborhood development. Although the program's size has been relatively small -- only $85 million in loans were made in FY 1977 -- HUD has proposed an increase in funding to $275 million in FY 1979. The impact of this $190 million increase on several urban indices is discussed in this report. Concentration is on change in employment, income, population, local fiscal condition, and neighborhood condition; particular attention is given to these variables as they pertain to minority and low income populations.

This report is part of the collection of scanned historical documents available to the public.