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Housing and Assistance

Description: The American Recovery and Reinvestment Act allocated $1 billion for competitive grants for priority investments including those that leverage private funding or finance energy conservation renovations or retrofits. These funds will be allocated no later than Sept. 30, 2009. 

An additional $3 billion is to be allocated automatically, within 30 days of the date of enactment (by March 19, 2009), under the formula used in Fiscal Year 2008, except that funds will be withheld from public housing agencies that are designated as troubled or that do not want the funding.

Funding may not be used for operating or rental assistance activities or to replace existing sources of funding. Public housing agencies are required to prioritize projects that are already underway, that can award contracts within 120 days of when funds are made available, or that are included in the 5-year capital fund plans required by 42 U.S.C. fl 1437c-1(a). Priority should also be given to rehabilitation of vacant rental units.

Public housing agencies must: (1) obligate all funds within 1 year of receipt; (2) spend at least 60 percent of funds within 2 years of receipt; and (3) spend all funds within 3 years of receipt. If these timelines are not met, the Secretary of Housing and Urban Development (HUD Secretary) may recapture and reallocate remaining funds.
 

Description: The American Recovery and Reinvestment Act provides additional HOME funds for state housing credit agencies to provide gap financing grants in coordination with the Low Income Housing Tax Credit to catalyze stalled housing development. Funds will be automatically distributed to the states based upon Fiscal Year 2008 HOME funds apportionment.

State agencies must grant the funds competitively to recipients of low income housing tax credits pursuant to their qualified allocation plans and must give priority to projects that are expected to be completed within 3 years. Projects awarded low income housing tax credits under section 42(h) of the federal tax code in FY 2007, 2008 or 2009 are eligible for this funding.

State agencies must commit at least 75 percent of the funds within 1 year of the date of enactment (by Feb. 17, 2010) and must demonstrate that project owners spend 75 percent of the funds within two years of the date of enactment (by Feb. 17, 2011) and the rest within 3 years (by February 17, 2012). State agencies must provide the HUD Secretary access to information about funded grants. HUD will list all funded projects on a website.

Eligible Applicants: The 52 State Housing Credit Agencies that administer the Low-Income Housing Tax Credit Program are the only eligible applicants. (The 50 states plus the District of Columbia and Puerto Rico). No other organization, entities, or individuals are eligible for funding. Funding is by formula allocation to the 52 eligible state agencies.

Timeline & Criteria to Receive Funds:
 

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Description: The American Recovery and Reinvestment Act provides $2.25 billion in funds for public housing agencies (and others) insofar as they are “owners” of properties receiving project-based assistance under the Supportive Housing for the Elderly program.

The ARRA provides $2 billion as additional funds for Project Based Rental Assistance (Public Law 110-161) for payments to owners for 12-month periods and $250 million for grants and loans for energy retrofitting and green investments in assisted housing. The funding will be governed by the existing policies, contracts and infrastructure of the programs within HUD’s Office of Affordable Housing Preservation. The HUD Secretary may establish additional terms and conditions as necessary and the Secretary is authorized to provide incentives to owners to undertake energy and green retrofitting investments.

The owner must have at least a satisfactory management review rating and be in substantial compliance with applicable requirements. Owners must commit to make housing affordable for at least 15 years, and for additional periods as determined by the HUD Secretary. Grants or loans must include a financial and physical assessment of the property. Owners will be required to spend funds within two years of receipt.

Program Description: Grants and loans will be made available through HUD's Office of Affordable Housing Preservation (OAHP) for eligible property owners to make energy and green retrofit investments in the property, to ensure the maintenance and preservation of the property, the continued operation and maintenance of energy efficiency technologies, and the timely expenditure of funds. Physical and financial analyses of the properties will be conducted to determine the size of each grant and loan. Incentives will be made available to participating owners. The terms of the grants or loans will include continued affordability agreements. Grant and loan funds must be spent by the receiving property owner within two years. Full detail of how to apply, and grant and loan terms, will be published in a Housing Notice within 60 days of the Recovery Act being signed into law (by April 17, 2009).

Eligible Applicants: Owners of properties receiving project-based assistance pursuant to section 202 of the Housing Act of 1959 (12 U.S.C. 17012), section 811 of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 8013, or Section 8 of the United States Housing Act of 1937, as amended (42 U.S.C. 1437f).

Description: The American Recovery and Reinvestment Act provides additional funds for competitive grants, available to state and local governments as well as non-profits, to purchase abandoned and foreclosed property for use as affordable housing, as authorized by title III of the Housing and Economic Recovery Act of 2008 (HERA).

The HUD Secretary will establish criteria for grant competition within 75 days after the date of enactment (by May 3, 2009). Applications are due to HUD within 150 days after the date of enactment (by July 17, 2009). Applicants will have to demonstrate capacity, ability to leverage investment, and ability to achieve neighborhood stabilization. Grants must be given to areas with the highest foreclosure numbers and rates and where the funding can be used within the established timeline.

Grantees must spend half of the funds within two years of receipt and must spend the entire amount of funds within three years of receipt. Grantees cannot discriminate against “Section 8” participants. Use of funds is further governed by HERA.

Program Description: Neighborhood Stabilization Program (NSP), round 2. Competitive grants awarded for activities eligible under division B, title III of the Housing and Economic Recovery Act of 2008 (Public Law 110-289, NSP round 1), to address home foreclosure and abandonment and for the provision of capacity building and support for NSP grantees. Rating factors will include grantee capacity to execute projects, leveraging potential, and concentration of investment to achieve neighborhood stabilization. Grantees must expend at least 50 percent of each grant within 2 years and 100 percent within 3 years of grant award. HUD may run two competitions - one addressing the provision of technical assistance (not to exceed $50 million) and one to provide programmatic funding for grantees (remainder of funding).

Timeline & Criteria to Receive Funds:
 

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Description:

The American Recovery and Reinvestment Act provides funding to states and local governments for short- and medium-term rental assistance, relocation and stabilization services for homelessness prevention, and “rapid re-housing.” The HUD Secretary will establish the requirements for this program within 30 days of the date of enactment (by March 19, 2009) and distribute funds according to a pre-existing formula.

Grantees must spend at least 60 percent of the funds within two years of receipt and must spend all funds within three years; otherwise, the Secretary may recapture and redistribute the funds. Grantees must collect, and submit to HUD, data on the use of the funds.

Timeline & Criteria to Receive Funds:

March 19, 2009 - Formula Grants determined
May 18, 2009 - Applications Deadline to HUD
July 2, 2009 - HUD approves or disapproves applications
Sept. 1, 2009 - HUD obligates 100% of funds to grantees
Sept. 1, 2012 - 100% expenditure of funds by grantees

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Description: The CSBG Recovery Act funds will provide assistance to states and local communities, working through a network of community action agencies and other neighborhood-based organizations, for the reduction of poverty, revitalization of low-income communities, and empowerment of low-income families and individuals in rural and urban areas to become fully self-sufficient (particularly families who are attempting to transition off a state program carried out under part A of Title IV of the Social Security Act).

The Recovery Act mandates that States pass through no less than 99 percent of their Recovery Act allocations for grants to “eligible entities” under the CSBG Act, commonly referred to as Community Action agencies. The Oklahoma Department of Commerce will distribute the funds to Community Action agencies.

Timeline & Criteria for Funds:

May 29, 2009 - State plan due to the U.S. Department of Health and Human Services Sept. 30, 2010 - Deadline for funds to be obligated Dec. 29, 2010 - Deadline for funds to be expended

Description: HUD is allocating nearly $1 billion to approximately 1,200 state and local governments nationwide through the Department's Community Development Block Grant (CDBG) program to target their own community development priorities. Most local governments use this investment to rehabilitate affordable housing and improve key public facilities - helping to stabilize communities and create jobs locally.

The CDBG program enables local governments to undertake a wide range of activities intended to create suitable living environments, provide decent affordable housing and create economic opportunities, primarily for persons of low and moderate income. Under the Recovery Act, recipients shall give priority to projects that can award contracts based on bids within 120 days of the grant agreement.

Process for Making Awards

Grantees will prepare an action plan amendment. HUD will process the plans in an expedited manner, execute grant agreements, and make the funds available in each grantee's line of credit

Eligible Applicants

Eligible applicants include States, units of general local government that received CDBG Entitlement funding in FY 2008, non-entitlement jurisdictions in Hawaii, and Insular Areas. +$10,000,000 will be competitively awarded via the Indian Community Development Block Grant Program

Timeline & Criteria to Receive Funds:

Sept. 30,2009 - HUD provides 100% of grantees with approved “action plan amendments”
Sept. 30, 2011 - 100% of funds must be obligated
Sept. 30, 2012 - 100% of funds must be expended

In Oklahoma, the State and 9 cities and counties received a total of $8,037,137 in funding, listed below:

Community Development Block Grant