Community Housing Grants

suggp — Fri, 10 Jul 2009 19:50:59 +0000

Date:

July 1, 2008

Who:

HUD

Policy Area:

Sector Policy (Non-Financial)

Economic Target:

Housing

Action Type:

Direct Spending

Maximum Amount:

3920000000

Amount Spent:

920000000

Deficit Impact:

3865000000

Grants for redevelopment of abandoned and foreclosed homes in high-foreclosure neighborhoods.

This measure was part of the Housing and Economic Recovery Act of 2008, along with an increase in the low-income housing tax credit, creation of the HOPE for Homeowners Program, and creation of the first-time homebuyer tax credit.

Source:

Housing and Economic Recovery Act of 2008

Notes:

Amount spent indicates estimated outlays in 2009, deficit impact indicates ten year estimate, and maximum amount indicates estimated budget authority (http://www.cbo.gov/ftpdocs/95xx/doc9597/hr3221.pdf).

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Stimulus.org - HUD

Community Housing Grants