Better Communities Act

Better Communities Act - Sets forth the findings of Congress and the purpose of this Act.

Defines the terms used in the Act.

Enumerates the community development activities for which a recipient may utilize shared Federal revenues provided under this Act.

Requires the recipient, prior to receiving any funds, to prepare a final statement of community development objectives and projected use of funds for the fiscal year, and to provide the Secretary of Housing and Urban Development with a certification that the recipient is in full compliance with the public requirements and other provisions of this Act.

Declares that within 60 days after the close of the fiscal year, the recipient shall make public and shall forward to the Secretary a report of the activities paid for during the fiscal year.

Provides formulae for the allocation and distribution of funds.

Permits loans to finance any community development activity.

Prohibits, on the ground of race, color, national origin, or sex, discrimination under any program or activity funded under this Act, and provides the means of enforcement of this provision.

Sets forth the labor standards to be observed.

Authorizes the Secretary to terminate any urban renewel project being carrred out as soon as practicable after consultation with the agency carrying out the project and the chief executive of the locality in which it is located, and to effect a financial closeout as if the project had been fully completed on the termination date.

Requires records, audits, and reports of revenues shared under this Act.

Prohibits a Federal contribution, in addition to shared revenue funds, to recipients for costs incurred in providing relocation payments and assistance for those displaced by community development activities assisted under this Act.

Includes remedies for noncompliance with this Act and authorizes the Secretary to prescribe regulations necessary to carry out the purposes and conditions of this Act.