Urban Public-Private Partnership Redevelopment Fund; funding requirements, report.

Summary

The bill broadens the types of private partners that can work with local governments on urban redevelopment, eliminates the $500,000 grant limit and the 100% local‑match condition, and requires the Department of Housing and Community Development to issue annual reports and convene a work group on grant criteria. It also repeals the Housing Revitalization Zone Act. The changes aim to give distressed localities more flexibility and funding for redevelopment projects.

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