More stimulus updates

Info about the stimulus package as well as information on a pledge by the new HUD Secretary to fund a national housing trust fund can be found in the 2-13 issue of the National Low Income Housing Coalition’s Memo to Members http://www.nlihc.org/pubs/issue.cfm

Additionally, the National Rural Housing Coalition notes that  Rural Homeownership Loans will be increased by $1 billion, Guaranteed Homeownership loans by $10.4 billion, Rural Water and Sewer loans by $2.8 billion grants by $963 billion and Rural Business Enterprise Grants by $20 million, rural community facilities by $1.5 billion

EPA

Local clean and drinking water infrastructure improvements –+ $6 billion

CDFI Fund

Financial and Technical Assistance –+$100 million

New Markets Tax Credits — + $3 billion

Details on how the funds can be used to support very low income persons are found here  http://www.nyscaaonline.org/FirstPageNewsArticles/2009/ConfEconRecoveryChart21709.pdf

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