The American Recovery and Reinvestment Act and its Effect on Public Housing: A Nahro Analysis

摘要

On march 18 2009, HUD dis-rntributed $3 billionrnof capital fundsrnappropriatedrnunder thernAmerican Recovery and Reinvestment Act (Recovery Act) by formula to Public Housing Authorities (PHAs) across the United States. These dollars are intended for the development, financing, and modernization of public housing and for management improvements, Though the purpose of the funding is to jumpstart the economy, retain old jobs and create new ones, these dollars are also helping to address the large backlog of capital needs in public housing inventory due to the historic underfunding of the Public Housing Capital Fund.