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Urban Renewal

From 1949 until 1974, about 1,300 towns and cities received a total of thirteen billion dollars in federal funding for Urban Renewal projects. The federal government paid two-thirds of the cost of acquiring properties, relocating residents and businesses, demolishing structures, and assembling large parcels for development. New York State was one of the largest Urban Renewal states with 251 projects in 91 towns totalling 1.6 billion dollars of spending.