Sec. 2. Findings and purposes
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Congress finds that— the geographic concentration of poverty remains a serious and often unrecognized challenge to the ability of poor families and children to access opportunity and move up the economic ladder; the HOPE VI program, authorized by section 24 of the United States Housing Act of 1937 ( 42 U.S.C. 1437v ), presented a successful first step in transforming neighborhoods of extreme poverty with severely distressed housing into revitalized mixed-income neighborhoods; there remains a large amount of severely distressed public and privately owned assisted housing concentrated in neighborhoods of extreme poverty; and a broader approach is needed, using concentrated and coordinated neighborhood investment from multiple sources to transform neighborhoods of extreme poverty into communities that will improve the quality of life of current and future residents.
The purposes of this Act are— to transform neighborhoods of extreme poverty into mixed-income neighborhoods of long-term viability, by revitalizing severely distressed housing, improving access to economic opportunities, and investing and leveraging investments in well-functioning services, effective schools and education programs, public assets, public transportation, and improved access to jobs; to grow communities and metropolitan areas by concentrating, leveraging, and coordinating Federal, State, local, and private funding for public transportation, education, housing, energy, health and mental health services, supportive services, public safety, and environmental programs and initiatives; to support positive outcomes for all neighborhood residents, including improvements in educational achievements, and economic self-sufficiency; and to ensure that current residents benefit from transformation by preserving affordable housing in the neighborhood or providing residents with the choice to move to affordable housing in another neighborhood of opportunity.
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Sec. 2
Findings and purposes
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