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Stimulus Money for HUD

Department of Housing and Urban Development: $13.61 billion for projects and programs, nearly 75 percent of which was allocated to state and local recipients on February 25, 2009. -- Neighborhood Stabilization Program: $2 billion invested in mitigating the impact of foreclosures through the purchase and rehabilitation of foreclosed, vacant properties in order to create more affordable housing and renew neighborhoods devastated by the economic crisis. -- Homelessness Prevention: $1.5 billion invested in preventing homelessness and enabling the rapid re-housing of homeless families and individuals, helping them reenter the labor market more quickly and preventing the further destabilization of neighborhoods. -- Community Development Block Grants: $1 billion for approximately 1,200 state and local governments to invest in their own community development priorities. Most local governments use this investment to rehabilitate affordable housing and improve key public facilities – stabilizing communities and creating jobs locally.
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