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Programs that acquire and/or redevelop property in a community with the objective of providing an affordable, safe, sanitary and pleasant place for people to live and work while at the same time attracting private investment in business and industry. Redevelopment programs clear slums and renew or rehabilitate old housing and other structures in blighted and depressed sections of the community, provide for commercial development, offer tax incentives and take other steps to revitalize urban and rural areas.