Overview of the American Recovery and Reinvestment Act of 2009 (Recovery Act)

• The American Recovery and Reinvestment Act of 2009 (Recovery Act) was signed into law by President Obama on February 17th, 2009. It is an unprecedented effort to jumpstart our economy, create or save millions of jobs, and put a down payment on addressing long-neglected challenges so our country can thrive in the 21st century. The Act is an extraordinary response to a crisis unlike any since the Great Depression, and includes measures to modernize our nation's infrastructure, enhance energy independence, expand educational opportunities, preserve and improve affordable health care, provide tax relief, and protect those in greatest need.
  
  
• Statement of Director Donna Gambrell on the signing of the American Recovery and Reinvestment Act

Implementing the American Recovery and Reinvestment Act of 2009 (Recovery Act)

• The American Recovery and Reinvestment Act of 2009 provides the CDFI Fund with $3 billion of New Markets Tax Credit allocation authority, divided equally between fiscal year 2008 and fiscal year 2009. In addition to the Fund’s annual appropriation for fiscal year 2009, the legislation appropriates an additional $100 million, of which $90 million will apply to the CDFI Program, $8 million for Native Initiatives, and $2 million to cover administrative expenses.

Agency Plans and Reports

• Implementation Plan
• Press Release

Learn More About Our Programs

• Learn about the programs administered by the CDFI Fund.

Other Links:

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• Grants.gov
  Find and apply for federal government grants.
  
  
• Federal Business Opportunities
  Where vendors and government buyers can post, search, monitor and retrieve opportunities solicited by the entire federal contracting community.
  
  
• Office of the Inspector General, U.S. Department of the Treasury
  For accessing Treasury IG reports or reporting fraud.
  
  

Content on this page is maintained by the Office of Public and Legislative Affairs, Community Development Financial Institutions Fund, U.S. Department of the Treasury.