UDAG

[ yoo-dag ]

noun

1. a U.S. government program providing federal funds to local governments or private investors for urban redevelopment projects.

Word History and Origins

Origin of UDAG¹

U(rban) D(evelopment) A(ction) G(rant)

Example Sentences

Says Henry Miller, an administrative officer to Atlanta Mayor Andrew Young: "I find it ironic that Reagan would want to cut out UDAG, because it is one federal program that is entirely consistent with his belief in public-private partnerships."

From Time Magazine Archive

A. I remember all kinds of people, not just Republicans -- Democrats, friends, others -- that would talk to me about a UDAG.

From Time Magazine Archive

To qualify for UDAG, a mayor must prove that his proposal has local business support and will create jobs.

From Time Magazine Archive