HUD's RC's Key Principles Posted: May 10, 2002
The RC/EZ/EC Initiative is designed to afford communities real opportunities for growth and revitalization. The framework for the Initiative is embodied in four key principles: - 1. Strategic Vision for Change
- 2. Community-based Partnerships
- 3. Economic Opportunity
- 4. Sustainable Community Development.
Each Renewal Community has a Coordinating Responsible Authority (CoRA) in lieu of a governance board. The CoRA, which may be an entity, organization, person or persons, is authorized by the government(s) that nominates the RC for designation. The CoRA functions as the RC's central point of contact and takes on the responsibility and authority to carry out the program as detailed in the course of action and certifications of commitment. The CoRA is also responsible for promoting RC benefits and making required reports to HUD.
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