§ 12181. Purpose

§ 12181. Purpose

It is the purpose of this subpart to increase private investment in distressed local communities and to build and expand the capacity of local institutions to better serve the economic needs of local residents through the provision of financial and technical assistance to community development corporations.

(Pub. L. 103–322, title III, § 31111, Sept. 13, 1994, 108 Stat. 1882.)

Editorial Notes

Codification

Section was formerly classified to section 13821 of Title 42, The Public Health and Welfare, prior to editorial reclassification and renumbering as this section.

Statutory Notes and Related Subsidiaries

Short Title

For short title of subtitle K of title III of Pub. L. 103–322, which is classified to this part, as the “National Community Economic Partnership Act of 1994”, see section 31101 of Pub. L. 103–322, set out as a Short Title of 1994 Act note under section 10101 of this title.