Governor Brewer's Office of Economic Recovery Az.gov

Program Funding

  • US - Total


Program
Federal Agency
Funding
Notes
General Housing/ Community Development
Public Housing Capital Fund Housing/ Community Development $4,000M $3 b. allocated to PHAs by formula, $1 b. to PHAs through competitive grants for priority investment projects. Priority to capital projects that can award contracts based on bids within 120 days from when funds are made available to the PHAs. All funds must be expended within three years.
Neighborhood Stabilization Housing/ Community Development $2,000M Competitive grants to states, local governments and non-profits to purchase and rehabilitate foreclosed vacant properties, create affordable housing and stabilize neighborhoods. Grantees must expend 50% of funds within two years of receipt, and 100% within three years. Available until September 30, 2010.
HOME Housing/ Community Development $2,250M Formula grants to state housing credit agencies for competitive distribution to project owners for capital investments to help fill financing gaps in low-income housing tax credit projects. Recipients must spend all funds within three years.
Homelessness Prevention Fund Housing/ Community Development $1,500M $1.5 b. in formula grants for short-term rental assistance, housing relocation and stabilization. Funds must be expended within 3 years of award.
CDBG Housing/ Community Development $1,000M Formula grants to states and local entitlement communities that received funding in FY 2008. Available until September 30, 2010.
Section 202, 8 project based assistance and energy retrofit Housing/ Community Development $2,250M $2 b. in payments to owners for project-based rental assistance, 12-month periods. $250 m. in grants or loans for energy retrofit and green investments.
Lead Hazard Reduction Housing/ Community Development $100M Available until September 30, 2011