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THE RECOVERY ACT Overview The American Recovery and Reinvestment Act (Recovery Act) provided $13.6 billion for projects and programs administered by HUD, of which nearly 75 percent was allocated via formula grants to state and local recipients and the remaining 25 percent of funds were awarded via competition, with 100 percent of grant and loan funds obligated, and $11.0 billion (or 81.0 percent) disbursed to grantees by September 30, 2011. HUD’s Recovery Act funds are already being invested in programs that: (1) promote energy efficiency and create green jobs, (2) support assisted housing improvements and critical public projects in need of gap funding, and (3) promote stable communities and help families hardest hit by the economic crisis. As reported by Recovery Act recipients, since the inception of the Act these funds have led to over half a million people being served through homelessness prevention assistance, nearly 19,979 homes being developed, and over 490,958 units of housing being renovated, many of which have improved energy efficiency. In the third quarter of FY 2011, HUD Recovery Act recipients reported 19,325 jobs saved or created. Read more... Accomplishments Helping America's Cities Recover Local homelessness programs, such as the Homeless Prevention Rapid Re-Housing Program (HPRP) that is funded by the Recovery Act, have enabled homeless Veterans to pay for security deposits, in combination with HUD-VASH’s rental assistance, as well as VA’s case management and clinical services. In doing so, HUD-VASH has helped more than 22,224 Veterans through the end of Q3 FY 2011. In addition, HPRP has allowed families to confront homelessness brought on by the economic crisis, serving many people who have never before faced the prospect of being out on the street and providing them with rental payments and/or assistance to get them back in their homes. Through HPRP, individuals and families are able to take advantage of targeted payments to cover rent and supportive services that will keep them in housing and out of shelters. In a 2009 survey by the U.S. Conference of Mayors, 72 percent of cities reported that HPRP is changing the way they provide support to people who are homeless or at risk of being homeless—by enabling these communities to help people before or soon after they become homeless. As of June 30, 2011, HUD has helped 1,058,587 people nationwide through HPRP. In its first year (FY 2009), HPRP assisted 15,292 Veterans. Read more...
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