Allocation of
Federal Funds
$57 million* |
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Farm Operating Direct Loans
The U.S. Department of Agriculture will make direct loans to individuals to establish beginning farmers, expand existing farming operations, and refinance secured and unsecured debts. |
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Public Housing Capital Fund
Additional federal funds are provided to local public housing agencies for asset management activities, including modernization and development of public housing. |
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Tax Credit Assistance Program (TCAP)
Additional federal funding will increase funds available for capital investment in construction projects that qualify for the Low Income Housing Tax Credit (LIHTC). |
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Neighborhood Stabilization Program
Additional federal funds are available for local governments and community organizations to purchase abandoned and foreclosed property for use as affordable housing. |
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Community Development Block Grant (CDBG)
Additional federal grants will assist communities to provide decent, affordable housing and services to low and moderate-income persons. |
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Native American Housing Block Grant
Additional federal funds are provided directly to tribal entities for new construction, acquisition, and rehabilitation to facilitate home ownership among low and moderate-income persons. |
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Community Development Financial Institutions Fund
The U.S. Treasury Department will provide additional funding to this existing program which invests in and builds the capacity of a nationwide network of community-based financial institutions with a primary mission of community development in economically distressed urban, rural, and native communities. |
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Aquaculture Grant Program
The U.S. Department of Agriculture will administer a grant program to assist aquaculture producers for losses associated with high feed input costs during the 2008 calendar year. |
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Recovery Zone Bonds
The ARRA increases the funds available to subsidize interest payments on government bond initiatives that are used to finance improvements to local infrastructure. |
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*Dollar values displayed on this website are primarily derived from information from the administering federal agencies. Estimates of projected federal distributions are used when the federal guidance or grant awards are still pending. Amounts are rounded to the nearest million. |
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