Over the past decade, there have been significant bright spots in our nation's efforts to preserve, improve or replace where necessary the public housing that serves over one million of our nation's low-income families: 1.Appropriation of $4 billion in public housing capital funding under the 2009 American Reinvestment and Recovery Act (ARRA); 2. Increase in the amount of financing for capital improvements approved by the United States Department of Housing and Urban Development (HUD) under the Capital Fund Financing Program (CFFP), in which public housing authorities (PHAs) borrow against future appropriations of capital funds, from $600 million to $3.8 billion.
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