1. he American Recovery and Reinvestment Act and FY 2010 Budget Great Lakes Metros and the New Opportunity: Remaking Policy and Practice in a Time of Transformation June 18, 2009 The American Recovery and Reinvestment Act and FY 2010 Budget Barbara Burnham Senior Director of Federal Policy and Congressional Relations Local Initiatives Support Corporation

2. American Recovery and Reinvestment Act (ARRA) Enacted: February 17 th, 2009 Total Cost: $787 Billion Goals (partial) : To create and save 3.5 million jobs over 2 years. Undertake the largest weatherization program in history by modernation 75% of federal building space and more than 1 million homes. As part of the $150 billion investment in new infrastructure, enact largest increase in funding roads, bridges and mass transit.

3. American Recovery and Reinvestment Act (ARRA) Where is the Money? $288 B - Tax Relief $144 B - State and Local Fiscal Relief $111 B - Infrastructure and Science $81 B - Protecting the Vulnerable $59 B - Health Care $53 B - Education and Training $43 B - Energy $8 B - Other

4. American Recovery and Reinvestment Act (ARRA) Department of Housing and Urban Development Goals: Promoting Energy Efficiency and Creating Green Jobs. One-third of funds commited to greening public and assisted housing and building an industry for increasing energy efficiency in residential properties Unlocking the credit markets and supporting shovel-ready projects. One- third of funds aimed at providing “gap financing” to existing stalled tax credit projects. Project-based rental assistance will also help stabilize properties. Mitigate effects of economic crisis and community decline caused by housing crisis. Remaining one-third of funds committed to Neighborhood Stabilization Program and Homelessness Prevention Fund.

5. American Recovery and Reinvestment Act (ARRA) Department of the Treasury Goals: Provide direct relief to low-income and vulnerable households. One-time payments to help seniors and the disabled meet living expenses. Grants and tax credit exchange to help people get back to work, to provide affordable housing and to make available alternative energy sources. Build long-term economic growth through stimulus to U.S. economy.

6. American Recovery and Reinvestment Act (ARRA) Department of Agriculture Goals (partial) : Rebuild infrastructure in rural communities. Provide housing opportunities. Expand broadband service in rural areas. Rehabilitate aging flood control and improve water quality.

7. American Recovery and Reinvestment Act (ARRA) Department of Transportation Goals: Fund “shovel ready” projects through state and local transportation authorities through existing program structures. Provide funds to jumpstart high-speed and intercity rail programs. Fund innovative projects that provide long-term economic benefits such as multi-modal, inter-modal, highways, transit, ports and rail. Short-term investment for long-term goals.

8. American Recovery and Reinvestment Act (ARRA) Department of Labor Goals: DOL Employment and Training programs will create and preserve good jobs. Extending unemployment insurance. Extending health benefits. Provide summer employment to youth. Expand services to youth through YouthBuild program.

9. American Recovery and Reinvestment Act (ARRA) Department of Commerce Goals (partial) : Create new private sector jobs in areas that have experienced severe job loss due to corporate restructuring. Ensure a successful census. Encourage research in various areas of science, creation of secure system for medical records, develop a fully interoperable smart grid in US power system. Establish Broadband Technology Opportunities Program. Expand National Oceanic and Atmosphere Administration’s abilities in weather forecasting, satellite development and climate modeling.

10. American Recovery and Reinvestment Act (ARRA) Department of Energy Goals: Promote Energy Efficiency. Deploy Renewable Power. Modernize the Grid. Reduce Oil Consumption. Reduce Greenhouse Gas Emissions. Increase Brownfields Clean-up.

11. American Recovery and Reinvestment Act (ARRA) Corporation for National & Community Service Goals: Put approximately 13,000 additional AmeriCorps State and National and AmeriCorps-VISTA members to work meeting the needs of vulnerable populations and communities.

12. American Recovery and Reinvestment Act (ARRA) Department of Health and Human Services Goals (partial) : Increase number of health care professionals through grants to healthcare workforce training institutions. Expand Head Start and Early Head Start. Expand Child Care and Development Block Grant. Expand health services to underserved populations and construct, renovate and expand community health centers. Expand capacity of non-profit organizations.

13. American Recovery and Reinvestment Act (ARRA) Department of Education Goals: Stimulate the economy in the short-term and invest wisely, using these funds to improve schools, raise achievement, drive reforms and produce better results for children and young people for the long-term health of our nation.

14. FY 2010 Presidential Budget Housing and Community Development Highlights

15. Department of Housing and Urban Development National Housing Trust Fund (NHTF) – $1 B Community Development Block Grant Program Direct Formula Grants – $4.185 B Sustainable Communities – $150 M Rural Innovation Fund – $25 M University Community Fund – $25M HOME Program – $1.825 B Tenant-Based Voucher Renewals – $16.189 B Project-Based Section 8 Renewals – $7.868 B Energy Innovation Fund – $100 M FY 2010 Budget Continued…

16. Department of Housing and Urban Development Tenant, Information and Outreach (TRIO) – Up to $10 M Public Housing Capital Fund – $4.6 B Choice Neighborhoods – $250 M McKinney-Vento Homeless Assistance Grants – $1.794 B Section 202 Elderly Housing Program – $522 M Section 202 Rental Assistance Renewals – $128 M Section 811 Persons with Disabilities Program – $114 M Section 811 Rental Assistance Renewals – $136 M Section 108 Loans – eliminated Brownfields Economic Development Initiative – 0 FY 2010 Budget

17. Department of Agriculture – Rural Development Section 502 Homeownership Program Direct – $1.121 B Guaranteed – $6.204 B Section 515 Rental Housing Program – $69.512 M Section 521 Rental Assistance – $1.091 B Rural Housing Preservation Program – $4.97 M Rural Community Facilities Program – $48.74 M Rural Community Development Initiative – $6.26 M Section 538 Guaranteed Multifamily Loans – $121.1 M Water and Waste Disposal Program – $546 M FY 2010 Budget

18. Department of the Treasury CDFI Fund - $113.6 M Capital Magnet Fund (carve out of NHTF) - $80 M Corporation for National & Community Service AmeriCorps - $373 M Social Innovation Fund - $50 M Volunteer Generation Fund - $10 M CNCS Training and Technical Assistance - $8 M

19. FY 2010 Budget Department of Education What Works & Innovation Fund – $750 M Charter School Credit Enhancement Program – Up to $21 M Promise Neighborhoods – $10 M Department of Health and Human Service Child Care and Development Block Grant – $2.127 B Head Start and Early Head Start Program – $7.235 B Community Services Block Grant – $700 M Social Services Block Grant – $1.7 B Strengthening Communities Fund – $50 M

20. FY 2010 Budget Environmental Protection Agency Brownfields Grant Programs – $100 M Department of Justice Byrne Fund Competitive – $30 M Discretionary – 0 Justice Assistance Grants – $517 M Community Oriented Policing Services (COPS) – $415 M Weed & Seed Program – $25 M

21. FY 2010 Budget Department of Labor Green Jobs Training Initiative – $28 M Adult Employment and Training Activities – $862 M Dislocated Workers Program – $1.38 B Youth Activities – $1.01 B Reintegration of Ex-offenders – $112 M

22. 111th Congress Housing and Community Development Legislative Highlights

23. 111th Congress Tax Low Income Housing Tax Credit modifications to encourage investor reinvestment and ensure appropriate timeline to enable Gulf rebuilding. Extension of New Markets Tax Credit Banking Reform of the financial services industry Reform of the Community Reinvestment Act (CRA)

24. Housing McKinney Vento Homeless Housing Reform Act – Enacted as part of Public Law 111-22 on May 20 th, 2009 Preservation of HUD and USDA Assisted Housing Section 8 Voucher Reform Act (SEVRA) G.R.E.E.N. Building Act The Community Regeneration Act (Vacant Properties) Homes for Heroes Act (Permanent housing for homeless veterans and their families) – Passed by the House on June 16 th, 2009 111th Congress

25. Child Care Reauthorization of the Child Care and Development Block Grant Child Care Facilities Financing Act Workforce Development Reauthorization of the Workforce Investment Act Education Reauthorization of the No Child Left Behind Act 111th Congress

26. Transportation Reauthorization of the Transportation Act Environment Climate Change bill Reauthorization of the Brownfields program at EPA 111th Congress

27. Questions?

28. Barbara Burnham Senior Director of Federal Policy and Congressional Relations Local Initiatives Support Corporation 1825 K Street, Suite 1100, NW Washington, DC 20006 Phone: 202-739-0896 Fax: 202-861-1294 bburnham@lisc.org