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The Recovery Act required HUD to distribute $4 billion to PHAs through its Public Housing Capital Fund. Congress also created two programs to provide funds to HFAs to restart stalled projects.
Section 1512 of the Recovery Act required that recipients of any funds made available by appropriations under the Act submit quarterly reports on project progress to a newly estab- lished, independent Recovery Accountability and Transparency Board (Recovery Board).
The three main goals of the Recovery Act as stated on the White House Recovery Web site are to: 1) create new jobs as well as save existing ones; 2) spur economic activity and invest in long-term economic growth; and 3) foster unprecedented levels of accountability and transparency in government spending [10].
The Recovery Act provided more than $48 billion for transportation investments in early 2009 and stipulated that most funds be obligated by September 30, 2010. The act targeted the majority of those funds to be channeled through existing aviation, highway, rail, and transit programs.
The American Recovery and Reinvestment Act of 2009 (Recovery Act) provided $5 billion to the Department of Energy’s (DOE) Weatherization Assistance Program to help low-income families by making long-term energy efficiency improvements to their homes.
22 mar 2010 · In order to better assess progress in implementing the Recovery Act, Section 1512 reporting requirements and to assist the RATB in its oversight, the Federal agencies are required to compile a comprehensive list of all awards subject to the Recovery Act, Section 1512.
For assistance instruments, guidance for carrying out the reporting requirements included in Section 1512 of the American Recovery and Reinvestment Act of 2009 (Recovery Act). Supplement 1, List of Programs Subject to Recipient Reporting (PDF - 15 pages, 127 KB)
