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On Tuesday, February 17, President Obama signed the American Recovery and Reinvestment Act of 2009 into law. The $787 billion economic stimulus package was designed to provide a needed boost to the economy. The package includes many provisions which are particularly important to the affordable housing and community development industry. Enterprise worked with industry partners and advocates to include key priorities in this package, particularly in the areas of foreclosure and green affordable housing.
This page serves as a comprehensive resource for legislative and regulatory information on housing, foreclosure, green and funding provisions as provided in the federal economic stimulus. This page will be updated as new information becomes available.
- Affordable Housing Podcast - Eden Housing and Dvora Lovinger, senior director of government affairs The American Recovery and Reinvestment Act, also known as the Stimulus Package, provides unprecedented funding for building energy retrofits. On the June 1 episode of the Affordable Housing podcast, Joanne Greene speaks with Dvora Lovinger, senior director of government affairs about the specific programs that will help to rehabilitate public housing units, provide grants or loans to owners of "HUD-assisted" housing, help low income homeowners to weatherize their homes, and more.
- Internal Revenue Service Fact Sheet - Energy Provisions of the American Recovery and Reinvestment Act of 2009
- Fact Sheet - Investments in Building Energy Efficiency in the Economic Recovery Bill. (PDF, 229KB)
- Memo to OMB, HUD and DOE - Recommendations to Maximize Job Creation Opportunities by Leveraging Department of Energy ARRA Funding in Multifamily Housing. (PDF, 499KB)
- National Housing Trust (NHT) State tracking chart - Information on scheduled public hearings for comments on proposed state Weatherization policies.
- Case Study - A Success Story: Preserving Multi-family housing as More Sustainable and Energy Efficient Homes. (PDF, 208KB)
- U.S. Department of Energy (DOE) Web site: provides funding application information for programs available to state and local governments under the American Recovery and Reinvestment Act of 2009.
- The Weatherization Assistance Program page on the Department of Energy’s website describes the program, guidelines, state activities and contacts, information and training centers. Click on state activities and contacts to get information on the state agencies and service centers that deliver Weatherization.
- The Weatherization Assistance Program Technical Assistance Center (WAPTAC) web page provides information and support for state and local Weatherization practitioners including technical tools, training, regulations, tools and public information. Click on RAMP UP to get information and material supporting the rapid expansion of the Weatherization program.
- Summary and Overview - Changes to the Neighborhood Stabilization Program (NSP) in the NSP2 HUD Notice of Funding availability. (PDF, 230KB)
- Summary and Overview - Competitive Application Requirements for the Neighborhood Stabilization Program (NSP) in the NSP2 NOFA. (PDF, 562KB)
- Bill Summary - Changes to the Neighborhood Stabilization Program in the American Recovery and Reinvestment Act. (PDF, 128KB)
- Regulatory Solutions to Improve the Effectiveness of HUD’s Neighborhood Stabilization Program. (PDF, 33KB)
- Proposed Legislative Fixes for the Neighborhood Stabilization Program. (PDF, 32KB)
- Research Paper - The Challenge of Foreclosed Properties: An Analysis of State and Local Plans to Use the Neighborhood Stabilization Program. (PDF, 742KB)
- White Paper - Developing Comprehensive Foreclosure Prevention and Stabilization Approaches: Connecting the Homeownership Affordability and Stability Plan to the Neighborhood Stabilization Program.
In this paper, Enterprise identifies obstacles to creating and implementing successful NSP strategies and suggests several solutions to complement recent efforts by Congress and President Obama to tackle the foreclosure crisis, including expanding safe harbor for servicers, targeting foreclosure prevention and loan restructuring to NSP areas, and three mechanisms for TARP investment for neighborhood stabilization efforts.
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