Transcript Great Lakes Metros and the New Opportunity: Remaking Policy and Practice in a Time of Transformation June 18, 2009 The American Recovery and Reinvestment.

Great Lakes Metros and the New Opportunity:
Remaking Policy and Practice in a Time of Transformation
June 18, 2009
The American Recovery and
Reinvestment Act and FY 2010 Budget
Barbara Burnham
Senior Director of Federal Policy and Congressional Relations
Local Initiatives Support Corporation
American Recovery and
Reinvestment Act (ARRA)
• Enacted: February 17th, 2009
• Total Cost: $787 Billion
• Goals (partial):
• To create and save 3.5 million jobs over 2 years.
• Undertake the largest weatherization program in history by
modernation 75% of federal building space and more than 1
million homes.
• As part of the $150 billion investment in new infrastructure,
enact largest increase in funding roads, bridges and mass
transit.
American Recovery and
Reinvestment Act (ARRA)
• Where is the Money?
• $288 B - Tax Relief
• $144 B - State and Local Fiscal Relief
• $111 B - Infrastructure and Science
• $81 B - Protecting the Vulnerable
• $59 B - Health Care
• $53 B - Education and Training
• $43 B - Energy
• $8 B - Other
American Recovery and
Reinvestment Act (ARRA)
Department of Housing and Urban Development
Goals:
• Promoting Energy Efficiency and Creating Green Jobs. One-third of
funds commited to greening public and assisted housing and building an
industry for increasing energy efficiency in residential properties
• Unlocking the credit markets and supporting shovel-ready projects. Onethird of funds aimed at providing “gap financing” to existing stalled tax
credit projects. Project-based rental assistance will also help stabilize
properties.
• Mitigate effects of economic crisis and community decline caused by
housing crisis. Remaining one-third of funds committed to Neighborhood
Stabilization Program and Homelessness Prevention Fund.
American Recovery and
Reinvestment Act (ARRA)
Department of the Treasury
Goals:
• Provide direct relief to low-income and vulnerable households.
• One-time payments to help seniors and the disabled meet living
expenses.
• Grants and tax credit exchange to help people get back to work, to
provide affordable housing and to make available alternative energy
sources.
• Build long-term economic growth through stimulus to U.S.
economy.
American Recovery and
Reinvestment Act (ARRA)
Department of Agriculture
Goals (partial):
• Rebuild infrastructure in rural communities.
• Provide housing opportunities.
• Expand broadband service in rural areas.
• Rehabilitate aging flood control and improve water quality.
American Recovery and
Reinvestment Act (ARRA)
Department of Transportation
Goals:
• Fund “shovel ready” projects through state and local
transportation authorities through existing program structures.
• Provide funds to jumpstart high-speed and intercity rail programs.
• Fund innovative projects that provide long-term economic
benefits such as multi-modal, inter-modal, highways, transit, ports
and rail.
• Short-term investment for long-term goals.
American Recovery and
Reinvestment Act (ARRA)
Department of Labor
Goals:
• DOL Employment and Training programs will create
and preserve good jobs.
• Extending unemployment insurance.
• Extending health benefits.
• Provide summer employment to youth.
• Expand services to youth through YouthBuild program.
American Recovery and
Reinvestment Act (ARRA)
Department of Commerce
Goals (partial):
• Create new private sector jobs in areas that have
experienced severe job loss due to corporate restructuring.
• Ensure a successful census.
• Encourage research in various areas of science, creation of secure
system for medical records, develop a fully interoperable smart grid
in US power system.
• Establish Broadband Technology Opportunities Program.
• Expand National Oceanic and Atmosphere Administration’s
abilities in weather forecasting, satellite development and climate
modeling.
American Recovery and
Reinvestment Act (ARRA)
Department of Energy
Goals:
• Promote Energy Efficiency.
• Deploy Renewable Power.
• Modernize the Grid.
• Reduce Oil Consumption.
• Reduce Greenhouse Gas Emissions.
• Increase Brownfields Clean-up.
American Recovery and
Reinvestment Act (ARRA)
Corporation for National & Community Service
Goals:
• Put approximately 13,000 additional
AmeriCorps State and National and
AmeriCorps-VISTA members to work
meeting the needs of vulnerable
populations and communities.
American Recovery and
Reinvestment Act (ARRA)
Department of Health and Human Services
Goals (partial):
• Increase number of health care professionals
through grants to healthcare workforce training institutions.
• Expand Head Start and Early Head Start.
• Expand Child Care and Development Block Grant.
• Expand health services to underserved populations and construct,
renovate and expand community health centers.
• Expand capacity of non-profit organizations.
American Recovery and
Reinvestment Act (ARRA)
Department of Education
Goals:
• Stimulate the economy in the short-term and
invest wisely, using these funds to improve schools,
raise achievement, drive reforms and produce better
results for children and young people for the
long-term health of our nation.
FY 2010 Presidential Budget
Housing and Community Development Highlights
FY 2010 Budget
Department of Housing and Urban Development
• National Housing Trust Fund (NHTF) – $1 B
• Community Development Block Grant Program
• Direct Formula Grants – $4.185 B
• Sustainable Communities – $150 M
• Rural Innovation Fund – $25 M
• University Community Fund – $25M
• HOME Program – $1.825 B
• Tenant-Based Voucher Renewals – $16.189 B
• Project-Based Section 8 Renewals – $7.868 B
• Energy Innovation Fund – $100 M
Continued…
FY 2010 Budget
Department of Housing and Urban Development
• Tenant, Information and Outreach (TRIO) – Up to $10 M
• Public Housing Capital Fund – $4.6 B
• Choice Neighborhoods – $250 M
• McKinney-Vento Homeless Assistance Grants – $1.794 B
• Section 202 Elderly Housing Program – $522 M
• Section 202 Rental Assistance Renewals – $128 M
• Section 811 Persons with Disabilities Program – $114 M
• Section 811 Rental Assistance Renewals – $136 M
• Section 108 Loans – eliminated
• Brownfields Economic Development Initiative – 0
FY 2010 Budget
Department of Agriculture – Rural Development
• Section 502 Homeownership Program
• Direct – $1.121 B
• Guaranteed – $6.204 B
• Section 515 Rental Housing Program – $69.512 M
• Section 521 Rental Assistance – $1.091 B
• Rural Housing Preservation Program – $4.97 M
• Rural Community Facilities Program – $48.74 M
• Rural Community Development Initiative – $6.26 M
• Section 538 Guaranteed Multifamily Loans – $121.1 M
• Water and Waste Disposal Program – $546 M
FY 2010 Budget
Department of the Treasury
• CDFI Fund - $113.6 M
• Capital Magnet Fund (carve out of NHTF) - $80 M
Corporation for National & Community Service
• AmeriCorps - $373 M
• Social Innovation Fund - $50 M
• Volunteer Generation Fund - $10 M
• CNCS Training and Technical Assistance - $8 M
FY 2010 Budget
Department of Education
• What Works & Innovation Fund – $750 M
• Charter School Credit Enhancement Program
– Up to $21 M
• Promise Neighborhoods – $10 M
Department of Health and Human Service
• Child Care and Development Block Grant – $2.127 B
• Head Start and Early Head Start Program – $7.235 B
• Community Services Block Grant – $700 M
• Social Services Block Grant – $1.7 B
• Strengthening Communities Fund – $50 M
FY 2010 Budget
Environmental Protection Agency
• Brownfields Grant Programs – $100 M
Department of Justice
• Byrne Fund
• Competitive – $30 M
• Discretionary – 0
• Justice Assistance Grants – $517 M
• Community Oriented Policing Services (COPS) – $415 M
• Weed & Seed Program – $25 M
FY 2010 Budget
Department of Labor
• Green Jobs Training Initiative – $28 M
• Adult Employment and Training Activities – $862 M
• Dislocated Workers Program – $1.38 B
• Youth Activities – $1.01 B
• Reintegration of Ex-offenders – $112 M
111th Congress
Housing and Community Development
Legislative Highlights
111th Congress
Tax
• Low Income Housing Tax Credit modifications to encourage
investor reinvestment and ensure appropriate timeline to enable
Gulf rebuilding.
• Extension of New Markets Tax Credit
Banking
• Reform of the financial services industry
• Reform of the Community Reinvestment Act (CRA)
111th Congress
Housing
• McKinney Vento Homeless Housing Reform Act
– Enacted as part of Public Law 111-22 on May 20th, 2009
• Preservation of HUD and USDA Assisted Housing
• Section 8 Voucher Reform Act (SEVRA)
• G.R.E.E.N. Building Act
• The Community Regeneration Act (Vacant Properties)
• Homes for Heroes Act (Permanent housing for homeless
veterans and their families)
– Passed by the House on June 16th, 2009
111th Congress
Child Care
• Reauthorization of the Child Care and Development Block
Grant
• Child Care Facilities Financing Act
Workforce Development
• Reauthorization of the Workforce Investment Act
Education
• Reauthorization of the No Child Left Behind Act
111th Congress
Transportation
• Reauthorization of the Transportation Act
Environment
• Climate Change bill
• Reauthorization of the Brownfields program at EPA
Questions?
Barbara Burnham
Senior Director of Federal Policy and Congressional Relations
Local Initiatives Support Corporation
1825 K Street, Suite 1100, NW
Washington, DC 20006
Phone: 202-739-0896
Fax: 202-861-1294
[email protected]