NALCAB ConferenceSeptember 2009

Robert A. RapozaRapoza Associateswww.rapoza.orgEmail: bob@rapoza.org Phone (202) 393-5225

Overview American Recovery and

Reinvestment Act (ARRA)

Fiscal Year 2010 Appropriations

Climate Change and Community Development

ARRA: $13.61 Billion to HUD

$1 Billion CDBG

$2 Billion Neighborhood Stabilization Program (NSP)

$2.25 Billion Section 8 renewals including $250 Million for energy retrofit and green investments

ARRA: $13.61 Billion to HUD

$2.25 billion HOME Tax Credit Assistance Program (TCAP) grants

for investment in LIHTC projects formula-based allocation to State housing

credit allocation agencies 

$4 billion Public Housing Capital Fund

ARRA: HUD $ Spending StatusSource: HUD

ARRA: Department of Energy

$3.2 Billion Total for Energy Efficiency Conservation Block Grant (EECBG) Program

Grants to nonprofit organizations and governmental agencies for the purpose of performing Energy Efficiency Retrofits

Residential and Commercial Building Energy Audits

Financial Incentive Programs for energy efficiency improvements

Development and Implementation of Transportation Programs to conserve energy

Material Conservation Programs including source reduction, recycling, and recycled content procurement programs that lead to increases in energy efficiency

Energy Efficiency and Conservation Block Grant (Con’t)Breakdown of $3.2 Billion Total Allocation: $2.7 Billion direct formula grants to States, Cities, Counties $456 Million in competitive grants

non-profit organizations eligible as sub-grantees; all entities eligible for direct formula grants or sub-grants from states

also eligible; Limitation on use of funds for establishment of revolving loan funds:

the higher of 20% or $250,000 Limitation on provision of sub-grants to nongovernmental organizations

to assist with implementation of energy efficiency and conservation strategy of eligible unit of local government or Indian tribe: greater of 20% or $250,000

Weatherization Assistance Program - $5 Billion allows investment up to $6,500 per home in energy efficiency upgrades; available for families making up to 200% of federal poverty level – about

$44,000 a year for a family of four

ARRA: Department of Energy

ARRA: Department of Labor$500 million Green Job Training

$5 million Green Capacity Building Grants for current DOL grantees

$150 million Pathways Out of Poverty Grants to provide training and placement services for workers to be hired within the energy efficiency and renewable energy industries. Closing date September 29, 2009.

$190 million State Energy Sector Partnership (SESP) and Training Grants to incorporate workforce interests, State energy policies and local and regional training activities that create jobs in targeted industry sectors. Closing date October 20, 2009.

Fiscal Year 2010 Appropriations House passed all 12 spending measures

Senate has only completed 5: Agriculture Energy & Water Homeland Security Legislative Branch Transportation-HUD

HUD Appropriations ($ in Millions)

HUD/ Treasury FY 09 Final

FY 10 Request

FY 10 House

FY 10 Senate

Fair Housing Initiatives Program (FHIP) 27.5 42.5 42.5 42.5

Section 8 Tenant-Based Rental Assistance 16,817 16,189 16,387.2 16,339.2

HOME 1825 2015 2000 1825

Housing Counseling 65 100 75 100

CDBG 3900 4450 4,600 4,450

Formula funding 3641 4045 4166 3,992

Sustainable Communities - 150 150 150

Regional Planning Grants - 100 100 100

Metro Challenge Grants - 40 40 40

HUD-DOT research - 10 10 10

Rural Innovation Fund - 25 25 25

University Community Fund - 25 25 25

Agriculture Appropriations($ in Millions)

RHS/RUS Programs FY 09 FinalFY 10

BudgetFY 10 House

FY 10 Senate

502 Single Family Direct 1121 1121 1121.5 1226.5

ARRA 967

502 Single Family Guaranteed

62236204 6204.4 12,000

ARRA 10250

514 Farm Labor Housing Loans

20 22 30.5 21.67

515 Rural Rental Housing 69.51 69.5 80 69.5

516 Farm Labor Housing Grants

9.1 9 11.5 9.13

523 Self-Help TA 38.7 39 45 38.7

Intermediary Re-lending 33.7 34 34 34

Total Revenues and Outlays Under the President's Budget (% of GDP)

Source: Congressional Budget Office

FY10 Budget Request: $3.6 TrillionProjected 2009 Deficit: $1.8 Trillion

-3

-2

-1

0

1

2

3

4

2008 2009 2010 2011

Year

$ T

rilli

on

s

Source: Congressional Budget Office

Politics of Cap-and-Trade: From Blue vs. Red to Brown vs. Green

Climate Change LegislationAmerican Clean Energy Security Act of 2009 (HR 2425)

Renewable Electricity Standard Energy Efficiency for buildings, appliances,

transportation, utilities, industry Market-based pollution reduction program 2012 Transition to clean energy economy Domestic competitiveness, consumer assistance

American Clean Energy Security Act of 2009 Low-Income Community Energy Efficiency

Program (LICEEP) - $60 million

- CDCs and CDFI investment in poor areas

- Green job opportunities, energy efficiency

- Technical assistance

- Loans, Investments

- Urban and Rural

Climate Change & Community Development

Tax Legislation

New Markets Tax Credit (NMTC) Extension Act of 2009 (S. 1583/ H.R. 2628)

Low Income Housing Tax Credit (LIHTC)