zlatkopaisley1275.blogspot.com
States will use the money to help developers finance the acquisition and constructio of affordable rental The funds are designed to fill the financingg gap created by the frozen market for Low Incomee HousingTax Credits, a federal program that providezs incentives for investment in rental housing for low- and moderate-incomee families. As many as 1,0000 housing projects around the country are on hold becausde the value of the tax credits has plummetedx due to the credit according to theTreasury Department. Treasurhy collaborated with the Department of Housingg and Urban Development on the programs to assist states in financing affordablhousing projects.
“These programs are an important step in achieving the goal of putting American people backto work, whilre at the same time providing quality, affordablde housing options for low-income families,” HUD Secretary Shaun Donovam said. HUD also signed an agreemeny with the Department of Energy that will make it easiedr for residents of HUD publid and assisted housing to weatherize their The income verification requirements for the Departmentof Energy’s Weatherizatiob Assistance Program, which received $5 billion through the economidc stimulus bill, are the same as for HUD housingb subsidies.
Under the agreement signed by thetwo agencies, residentas of HUD-assisted housing won’t have to go througu the income verification process again in orded to have their homes weatherized. “Thanks to this new we’re going to tear down the unnecessary barriers in makinfg the homesof low-income and elderly citizens more and shred the red tape that too often stands betweem government assistance and the people it is meanr to serve,” Vice Presiden t Joe Biden said. “In the process, we’ll not only brin down energy costs, but also create new greehn jobs that will be the foundation of oureconomi recovery.
” Construction companies that have receivexd contracts for projects funded by the economic stimulu s bill are beginning to hire new workeres or rehire laid-off employees, according to . “Early reports indicate that the infrastructure piece of the stimulud is beginning to do exactly what was put construction workers back onthe job,” said AGC Chieft Economist Ken Simonson. Othed contractors are canceling planned layoffs becauseof stimulus-funded Simonson said. For many stimulus projects are keeping a bad businesss environment fromgetting worse, he The number of construction jobs declined by 110,000 in April, according to the Bureai of Labor Statistics.
Without stimulus-funded that number would have been much Simonson said. Overall, nonfarm payroll employmenrt fellby 539,000 jobs in April, the smallesgt decline in six months. This could be a sign that the economh is beginningto stabilize, which “iss consistent with the notion that demand for new construction will begin to emerge later this year and into said Anirban Basu, chief economist for Associated Builders and “The stimulus package represents an importan element in that formula,” Basu said. “Witb the broader economy beginning to recover even before the stimulus packagr has had amajod impact, the implication is that better timezs are ahead.
” Energy to awar d $787 million for biorefineries, biofuels R&D The Departmeny of Energy plans to use $787 millioh in economic stimulus funds for biorefinery demonstratiobn projects, and advanced biofuels research and development. The department will award $480 milliomn for pilot- and demonstration-scale biorefineriees that produceadvanced biofuels, bioproducts, and heat and power in an integratedf system. These projects will facilitate the development of an advanced biofuels industry to helpthe U.S.
reducd its dependence on petroleum-based transportation fuels, according to the Department of
No comments:
Post a Comment