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NALCAB ConferenceSeptember 2009
Robert A. RapozaRapoza Associateswww.rapoza.orgEmail: [email protected] Phone (202) 393-5225
Overview American Recovery and
Reinvestment Act (ARRA)
Fiscal Year 2010 Appropriations
Climate Change and Community Development
ARRA: $13.61 Billion to HUD
$1 Billion CDBG
$2 Billion Neighborhood Stabilization Program (NSP)
$2.25 Billion Section 8 renewals including $250 Million for energy retrofit and green investments
ARRA: $13.61 Billion to HUD
$2.25 billion HOME Tax Credit Assistance Program (TCAP) grants
for investment in LIHTC projects formula-based allocation to State housing
credit allocation agencies
$4 billion Public Housing Capital Fund
ARRA: HUD $ Spending StatusSource: HUD
ARRA: Department of Energy
$3.2 Billion Total for Energy Efficiency Conservation Block Grant (EECBG) Program
Grants to nonprofit organizations and governmental agencies for the purpose of performing Energy Efficiency Retrofits
Residential and Commercial Building Energy Audits
Financial Incentive Programs for energy efficiency improvements
Development and Implementation of Transportation Programs to conserve energy
Material Conservation Programs including source reduction, recycling, and recycled content procurement programs that lead to increases in energy efficiency
Energy Efficiency and Conservation Block Grant (Con’t)Breakdown of $3.2 Billion Total Allocation: $2.7 Billion direct formula grants to States, Cities, Counties $456 Million in competitive grants
non-profit organizations eligible as sub-grantees; all entities eligible for direct formula grants or sub-grants from states
also eligible; Limitation on use of funds for establishment of revolving loan funds:
the higher of 20% or $250,000 Limitation on provision of sub-grants to nongovernmental organizations
to assist with implementation of energy efficiency and conservation strategy of eligible unit of local government or Indian tribe: greater of 20% or $250,000
Weatherization Assistance Program - $5 Billion allows investment up to $6,500 per home in energy efficiency upgrades; available for families making up to 200% of federal poverty level – about
$44,000 a year for a family of four
ARRA: Department of Energy
ARRA: Department of Labor$500 million Green Job Training
$5 million Green Capacity Building Grants for current DOL grantees
$150 million Pathways Out of Poverty Grants to provide training and placement services for workers to be hired within the energy efficiency and renewable energy industries. Closing date September 29, 2009.
$190 million State Energy Sector Partnership (SESP) and Training Grants to incorporate workforce interests, State energy policies and local and regional training activities that create jobs in targeted industry sectors. Closing date October 20, 2009.
Fiscal Year 2010 Appropriations House passed all 12 spending measures
Senate has only completed 5: Agriculture Energy & Water Homeland Security Legislative Branch Transportation-HUD
HUD Appropriations ($ in Millions)
HUD/ Treasury FY 09 Final
FY 10 Request
FY 10 House
FY 10 Senate
Fair Housing Initiatives Program (FHIP) 27.5 42.5 42.5 42.5
Section 8 Tenant-Based Rental Assistance 16,817 16,189 16,387.2 16,339.2
HOME 1825 2015 2000 1825
Housing Counseling 65 100 75 100
CDBG 3900 4450 4,600 4,450
Formula funding 3641 4045 4166 3,992
Sustainable Communities - 150 150 150
Regional Planning Grants - 100 100 100
Metro Challenge Grants - 40 40 40
HUD-DOT research - 10 10 10
Rural Innovation Fund - 25 25 25
University Community Fund - 25 25 25
Agriculture Appropriations($ in Millions)
RHS/RUS Programs FY 09 FinalFY 10
BudgetFY 10 House
FY 10 Senate
502 Single Family Direct 1121 1121 1121.5 1226.5
ARRA 967
502 Single Family Guaranteed
62236204 6204.4 12,000
ARRA 10250
514 Farm Labor Housing Loans
20 22 30.5 21.67
515 Rural Rental Housing 69.51 69.5 80 69.5
516 Farm Labor Housing Grants
9.1 9 11.5 9.13
523 Self-Help TA 38.7 39 45 38.7
Intermediary Re-lending 33.7 34 34 34
Total Revenues and Outlays Under the President's Budget (% of GDP)
Source: Congressional Budget Office
FY10 Budget Request: $3.6 TrillionProjected 2009 Deficit: $1.8 Trillion
-3
-2
-1
0
1
2
3
4
2008 2009 2010 2011
Year
$ T
rilli
on
s
Source: Congressional Budget Office
Politics of Cap-and-Trade: From Blue vs. Red to Brown vs. Green
Climate Change LegislationAmerican Clean Energy Security Act of 2009 (HR 2425)
Renewable Electricity Standard Energy Efficiency for buildings, appliances,
transportation, utilities, industry Market-based pollution reduction program 2012 Transition to clean energy economy Domestic competitiveness, consumer assistance
American Clean Energy Security Act of 2009 Low-Income Community Energy Efficiency
Program (LICEEP) - $60 million
- CDCs and CDFI investment in poor areas
- Green job opportunities, energy efficiency
- Technical assistance
- Loans, Investments
- Urban and Rural
Climate Change & Community Development
Tax Legislation
New Markets Tax Credit (NMTC) Extension Act of 2009 (S. 1583/ H.R. 2628)
Low Income Housing Tax Credit (LIHTC)