Transcript NALCAB Conference September 2009

NALCAB Conference
September 2009
Robert A. Rapoza
Rapoza Associates
www.rapoza.org
Email: [email protected]
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 Status
Source: 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
ARRA: Department of Energy
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 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)
FY 09
Final
FY 10
Request
FY 10
House
FY 10
Senate
27.5
42.5
42.5
42.5
16,817
16,189
16,387.2
16,339.2
1825
2015
2000
1825
65
100
75
100
3900
4450
4,600
4,450
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
HUD/ Treasury
Fair Housing Initiatives Program (FHIP)
Section 8 Tenant-Based Rental
Assistance
HOME
Housing Counseling
CDBG
Formula funding
Agriculture Appropriations
($ in Millions)
FY 09 Final
FY 10
Budget
FY 10
House
FY 10
Senate
502 Single Family Direct
1121
1121
1121.5
1226.5
ARRA
967
502 Single Family
Guaranteed
6223
6204
6204.4
12,000
ARRA
10250
RHS/RUS Programs
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 Trillion
Projected
2009
Deficit:
$1.8
Trillion
4
3
$ Trillions
2
1
0
-1
2008
2009
2010
-2
-3
Year
Source: Congressional Budget Office
2011
Politics of Cap-and-Trade:
From Blue vs. Red to Brown vs. Green
Climate Change Legislation
American 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
Climate Change &
Community Development
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
Tax Legislation

New Markets Tax Credit (NMTC) Extension
Act of 2009 (S. 1583/ H.R. 2628)

Low Income Housing Tax Credit (LIHTC)