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Background: Urban agriculture is one of the strategies to enhance the livelihood of the urban community, ensure food security and nutrition. Despite, the increasing development of the practice in Hawaassa city, its environmental and societal perspectives had been neglected. Moreover, the increase in urbanization due to several social-economic reasons has become a challenge for urban agriculture practices. Methodology: This study was aimed at investigating the roles of urban agriculture on livelihood improvement, waste management, and urban greening. A purposive random sampling technique was employed to select sample households. Besides questionnaire surveys and key informant interviews were used to elicit necessary information while literature analysis supplemented the data. Result: It was found that urban agriculture in the study area is maintaining the cultural experience of the local society, generating income, and introducing saving habits. It has also improved the esthetic value of the city via utilization of the organic waste. Hence, urban agriculture in the city is compatible with urban job creation, price adjustment, and provision of a green urban environment. Conclusion: Urban agricultural practices should keep the phase of increasing urbanization in the study area.