Funding Provided by the American Recovery and Reinvestment Act will Create Jobs, Promote Energy Efficiency
WASHINGTON, D.C. – March 30, 2009 – (RealEstateRama) — Congresswoman Lois Capps today announced that several Central and South Coast public housing authorities will be receiving funding through the recently enacted American Recovery and Reinvestment Act of 2009 (ARRA) for improvement projects to promote energy efficiency. Among those communities in the 23rd Congressional District receiving funding are:
The county of Ventura: $614,448.00
The city of San Buenaventura: $1,625,437.00
The city of Port Hueneme: $137,342.00
The city of Oxnard: $2,302,736.00
The county of Santa Barbara: $1,413,874.00
The city of Santa Barbara: $1,113,178.00
The city of San Luis Obispo: $349,058.00.
“In just a little over a month the American Recovery and Reinvestment Act is already having a positive impact up and down the Central and South Coast,” said Capps. “This federal funding is critical to continuing important projects and services at a time when local communities find themselves squeezed by falling revenues and state budget cuts. The funding will create or save jobs, provide needed improvements in housing and help our local economy. We’re also investing in enhanced energy efficiency projects that will save taxpayer’s money in the long-run while taking important steps to reduce public housing units’ carbon footprint.”
The American Recovery and Reinvestment Act funding will be distributed through Housing and Urban Development’s (HUD) Public Housing Capital Fund Program and will effectively double the Department’s annual support of local housing authorities to improve their public housing stock. Allocated through an established formula, this funding will allow local housing agencies to address the long-standing capital needs of public housing, create jobs, and increase energy efficiency. HUD will shortly make an additional $1 billion available in capital funding that will be awarded to housing authorities on a competitive basis.
HUD’s Capital Fund Program provides annual funding to public housing authorities to develop, finance, and/or modernize the public housing in their communities. This funding can be used to make large-scale improvements such as new roofs and for the replacement of plumbing and electrical systems to increase energy efficiency.
For detailed information about the funding and specific funding amounts to individual public housing agencies please click here.
For a full list of HUD Public Housing Capital Fund grants in California please click here.