8:50 PM
Julio Barreto
Local officials and advocates for neighborhood initiatives should not be lulled by the passage of the stimulus bill. The increase in funding will only delay the needed changes in the approach used to address local issues.The stimulus bill provided the following increases:• Public housing capital fund: $4 billion• Community Development Block Grant: $1 billion• Neighborhood Stabilization Program: $2 billion• Emergency Shelter Grant: $1.5 billion• HOME: $2.25 billion of which $2 billion goes to provide gap financing for Low Income Tax Credit projects.• Infrastructure: $27.5 billion for modernizing roads and bridges; $8.4 billion for improving public transit and rail; $3.2 billion for the Energy Efficiency and Block Grant Program; $6 billion for local clean and drinking water...
