STIMULUS UPDATES
THE HOUSING AND ECONOMIC RECOVERY ACT (HERA)
The Housing and Economic Recovery Act (HERA) of 2008 makes a number of modifications to existing laws and funding allocations to assist financially troubled homeowners who are at risk of foreclosure on their homes. HERA was enacted into law on July 30, 2008. The CDC has been allocated funding by HERA to establish the Neighborhood Stabilization Program (NSP) to stabilize communities that have suffered from foreclosures and abandonment. The goal of the program is realized through the purchase and redevelopment of foreclosed and abandoned homes and residential properties.
Neighborhood Stabilization Program (NSP)
Application/Plan
Performance Reports
January 1, 2009 - March 31, 2009
April 1, 2009 - June 30, 2009
July 1, 2009 - September 30, 2009
October 1, 2009 - December 31, 2009
January 1, 2010 - March 31, 2010
April 1, 2010 – June 30, 2010
THE AMERICAN RECOVERY AND REINVESTMENT ACT (ARRA)
The American Recovery and Reinvestment Act of 2009 (ARRA), better known as the second economic stimulus bill, was signed into law by President Barack Obama on February 17th, 2009. ARRA makes over $16 billion dollars available to public housing organizations such as the Community Development Commission of the County of Los Angeles (CDC) and the Housing Authority of the County of Los Angeles (HACoLA), by increasing funding for existing programs as well as making funding available for newer services. (more…)
1. Community Development Block Grant - Recovery Act (CDBG-R)
Application/Plan
CDBG-R Proposed Projects
2. Homelessness Prevention and Rapid Re-Housing Program (HPRP)
Application/Plan
3. Neighborhood Stabilization Program 2 (NSP2)
Application/Plan
4. Public Housing Capital Fund Program (CFP)
CFP Projects
|