Monday, May 11: HUD MAKES NEARLY $1 BILLION AVAILABLE IN RECOVERY ACT FUNDS TO IMPROVE PUBLIC HOUSING - Grants will help the elderly and disabled, boost energy efficiency and create jobs. ..........Wednesday, May 6: SECRETARIES CHU AND DONOVAN SIGN AGREEMENT TO HELP WORKING FAMILIES WEATHERIZE THEIR HOMES - Unprecedented interagency collaboration will help save energy cost, lower carbon footprint .......... Tuesday, May 5: HUD ALLOCATES $1 BILLION IN RECOVERY ACT FUNDING TO SUPPORT STATE AND LOCAL COMMUNITY DEVELOPMENT - CDBG funding designed to build critical infrastructure and create jobs .......... Monday, May 4: TREASURY, HUD ANNOUNCE HOUSING GRANTS FUNDED THROUGH RECOVERY ACT - Grants Will Increase Jobs, Provide Boost to Local Housing Economies .......... Monday, May 4: SECRETARY DONOVAN ANNOUNCES $2 BILLION IN RECOVERY ACT FUNDS TO STABILIZE NEIGHBORHOODS HARD-HIT BY FORECLOSURE - HUD solicits grant applications under Neighborhood Stabilization Program ..........
“We expect you, the American people, to hold us accountable for the results. That is why we have created Recovery.gov-so every American can go online and see how their money is being spent.”
- President Barack Obama
HUD Secretary Shaun Donovan
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Overview of the Recovery Act of 2009
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.
The Recovery Act includes $13.61 billion for projects and programs administered by the Department of Housing and Urban Development, nearly 75 percent of which was allocated to state and local recipients on February 25, 2009 – only eight days after President Obama signed the Act into law.
![[Logo: Recovery.gov]](https://webarchive.library.unt.edu/eot2008/20090512060209im_/http://portal.hud.gov/recovery/images/recoverylogo.jpg)
![[Chart: HUD Recovery Funding Distributions]](https://webarchive.library.unt.edu/eot2008/20090512060209im_/http://portal.hud.gov/recovery/images/barchart2_sm.jpg)
