Recovery Act of 2009 - Public Housing Capital Fund: Obligations and Number of Jobs by Zip Code
4 Pages Posted: 22 Sep 2010
Date Written: September 1, 2010
The American Recovery and Reinvestment Act of 2009 (Recovery Act) is an unprecedented effort to jumpstart the economy, create or save millions of jobs, and address long-neglected challenges. The Recovery Act investments in the U.S. Department of Housing and Urban Development (HUD) programs will generate tens of thousands of jobs, modernize homes to make them more energy efficient, and help the families and communities hardest hit by the economic crisis. The Recovery Act includes a $4 billion appropriation for the Public Housing Capital Fund. The Public Housing Capital Fund program is expected to benefit the nation by (1) creating jobs; (2) transforming public housing into energy-efficient, green communities; (3) redeveloping distressed public housing; (4) addressing the needs of public housing residents who are elderly and disabled; and (5) providing funding for public housing projects that lack the private capital to proceed with development.
Keywords: Recovery Act, 2010, HUD, Housing
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