/hohm"sted'ing/ , n.
1. an act or instance of establishing a homestead.
2. a federal program to improve deteriorating urban areas by offering abandoned or foreclosed houses to persons who agree to repair them and live in them for a specified number of years. Also called homesteading program, urban homesteading .
[ 1890-95, for earlier sense "homestead"; HOMESTEAD + -ING 1 ]