......Tuesday, August 11:HUD Secretary Donovan Announces $132 Million in Recovery Act Funds to Improve Native American and Alaskan Housing, Spur Economic Development.....Thursday, July 16:Secretary Donovan Announces Nine Recovery Act Grants to Improve Alaskan Native Housing, Spur Economic Development.....Thursday, July 16:Secretary Donovan Announces $360 Million in Recovery Act Grants to Support Community and Economic Development Nationwide......Tuesday, June 30,2009: Secretary Donovan Awards over $1 Billion in Recovery Act Funds to Jump-Start Affordable Housing Construction in 26 States......Friday, May 29: Donovan Announces Recovery Act's Homebuyer Tax Credit Can Immediately Help Thousands of First-Time Homebuyers To Buy A Home.....Wednesday, May 27: HUD Secretary Donovan Announces $252 Million In Recovery Act Funds To Improve Housing, Spur Economic Development In Indian Country.......Tuesday, May 26: Middle Class Task Force Announces Agency Partnerships to Build a Strong Middle Class through a Green Economy......Friday, May 22: Treasury And HUD Announce $419 Million In Recovery Act Funds To Create Jobs, Provide Affordable Housing........
“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.