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DSNews.com: Treasury Grants More than $3 Billion to States for Affordable Housing
As part of the Obama administration’s efforts to strengthen communities and ease pressures on local housing markets, the U.S. Department of the Treasury announced Friday that 45 state housing authorities been awarded a total of $3.1 billion. The funds are offered in lieu of federal tax credits, and are intended to spur the development of affordable housing projects. (Read The Full Article)

Reuters: Calif. gets $284 million US housing stimulus funds
In one of the largest stimulus awards to state housing agencies, the U.S. Treasury announced on Friday $284 million would go to California, bringing the nationwide total since May to $3.12 billion. (Read The Full Article)

WP: More administration efforts on tap to target economic trouble spots
As the financial tsunami of 2008-09 hit titans like Merrill Lynch, Lehman Brothers and Bear Stearns, millions of middle-class Americans were dragged out in the tide with no bailout. For these folks, the American dream of home ownership, and borrowing generally, washed up on the shores of a financial disaster -- the most serious since the Great Depression. (Read The Full Article)

ABCNews.com: Obama Administration Announces New Plan to Help State & Local Housing Agencies
The Obama administration today announced a new effort to help battered state and local housing agencies provide mortgage help to hundreds of thousands of homeowners. (Read The Full Article)

Raleigh News & Observer: Stimulus dollars put road contractors to work
Kelvin Whitehurst bought a third dump truck and hired a third driver this summer, after he landed his biggest job yet in 10 years as a highway subcontractor. (Read The Full Article)

Boston Globe: Energy executives offer ideas on stimulus
Executives from two local clean energy companies say federal stimulus money will help them create about 2,000 jobs across the country, though few in Massachusetts. (Read The Full Article)

Financial Times: New rules for recipients of US stimulus funds
The Obama administration will next month introduce new reporting requirements for recipients of Recovery Act funds, asking for clear information about how many jobs have been saved or created with the $143bn spent on stimulus-related projects since February. The White House and Office of Management and Budget on Wednesday said the move was “unprecedented” in the scope and scale of reporting. (Read The Full Article)

ABC News: Obama Administration Gives Clean Energy $1 Billion in Stimulus Funds Administration Officials Say Renewable Energy Is Climate Change Priority
With President Obama talking climate change and other issues with President Hu Jintao of China, his administration announced Tuesday that it had given more than $1 billion from the stimulus plan to companies investing in domestic clean energy projects. (Read The Full Article)

Reuters: US Govt awards $550 mln in renewable energy grants
The U.S. government on Tuesday awarded $550 million in grants to develop renewable energy projects to help double U.S. renewable energy production over the next few years, an Obama administration goal. (Read The Full Article)

Reuters: UPDATE 1-U.S. gives tribes $1 bln stimulus bonding authority
As part of a $1 billion development bond program in the U.S. economic stimulus plan, 31 American Indian tribes on Tuesday received $22.6 million in tax-exempt bonding authority each, according to the Internal Revenue Service. (Read The Full Article)

DJ: Treasury Provides $1B Bond Authority To Tribal Governments
The U.S. Treasury on Tuesday said it has allocated $1 billion in bond authority stemming from the federal government's latest stimulus package to programs affiliated with 58 tribal communities across the country. (Read The Full Article).

AP: Economic development bonds awarded to 58 tribes
Nearly five dozen of the nation's American Indian tribes will share $1 billion in bond authority through the American Recovery and Reinvestment Act. (Read The Full Article).

New Mexico Business Weekly: Tribal communities get $1B in bond authority
Tribes around the country now have $1 billion in stimulus bond authority for projects in Indian Country. (Read The Full Article).

Philadelphia Inquirer: Stimulus funds revive Chester housing projects
A much-needed shot of recovery funds from the federal government will help to move forward two low-income housing projects for senior citizens in the city of Chester. (Read The Full Article)

TheState: Federal funds to boost housing in S.C.
South Carolina will get $118 million from the federal government to develop affordable housing, the U.S. Treasury Department announced Tuesday.

The money is coming as part of the American Recovery and Reinvestment Act and will be used to build and refurbish affordable homes statewide. The program was launched in May to help families and home builders struggling during the worst economy in 80 years. (Read The Full Article)

The Arizona Republic: Ariz. gets $34 mil to build affordable homes
Two federal agencies are sending $34 million to Arizona for the dual purpose of creating jobs and increasing the supply of affordable housing. (Read The Full Article)

Cleveland Plain Dealer: Treasury Secretary Timothy Geithner visits Cleveland to talk about economic recovery, tout project at Berea Elementary School
President Barack Obama's top economic pitchman made a few sales calls in the Cleveland area Thursday, arguing that the administration's economic stimulus plan is taking hold here and across the country.  (Read The Full Article).

Lawrence Journal World and News: Federal stimulus funds already improving Kansas, officials say Officials Thursday praised federal stimulus funding with completion in Osawatomie of the first affordable housing development under a program started by the American Recovery and Reinvestment Act. (Read The Full Article)

Kansas City Star Blog: Treasury official: Stimulus spending on pace and working Osawatomie, Kan., is opening a new housing development serving elderly residents today and Deputy Treasury Secretary Neal Wolin will be there for the ribbon cutting. (Read The Full Article)

Fox4 Kansas City: Osawatomie Senior Center First in Nation Built by Fed Stimulus State and federal officials used a ribbon-cutting ceremony Thursday for an eastern Kansas apartment complex for senior citizens to promote federal economic stimulus efforts that are encountering growing skepticism from Americans. (Read The Full Article)

Topeka Capitol Journal: Federal housing stimulus touted A 24-unit apartment complex for elderly residents in Osawatomie earned praise Thursday from state and federal officials as the nation's first affordable housing project completed under a program tied to the federal economic recovery act. (Read The Full Article)

AP: Kansas project billed as first done with under stimulus program State and federal officials used a ribbon-cutting ceremony Thursday for an eastern Kansas apartment complex for senior citizens to promote federal economic stimulus efforts that are encountering growing skepticism from Americans. (Read The Full Article)

USA Today: Government Makes $3 Billion Available for Renewable Energy: The Obama administration on Thursday unveiled guidelines that will allow companies to apply for some $3 billion in government funds to boost development of renewable energy projects around the country, creating jobs. U.S. Treasury Secretary Tim Geithner said the program "will provide additional stimulus to economies in urban and rural America. (Read The Full Article) 

NYT Blog: Funding Rules to Aid Renewables Unveiled: The Treasury and the Energy Department today unveiled long-awaited new rules under which the government will pay up to 30 percent of the cost of renewable energy projects. The program was authorized by Congress as part of the stimulus package in February, but many projects have been on hold as investors waited to apply for the grants. Government officials said that although there is no cap for the money, they expected to give out $3 billion in grants.  (Read The Full Article)  

Associated Press: Guidelines for Renewable Energy Funding Released: The government released guidelines Thursday for allocating stimulus money to renewable energy projects, a move expected to help kick-start an industry dragged down by the recession.  "The industry is pumped about this announcement. This is exactly what we needed in terms of helping provide near-term financing," said Denise Bode, president of the American Wind Energy Association trade group. (Read The Full Article) 

Dow Jones: Obama Administration Announces $3 Billion For Renewable Energy Projects: The U.S. Treasury and Energy Departments announced Thursday they're making about $3 billion available for the development of renewable energy projects around the country. The departments also released the terms, conditions and guidance for interested businesses but noted that it'll be weeks before the actual Web-based applications are available.  (Read The Full Article) 

CNBC: Guidelines for Renewable Energy Funding Released: The guidelines from the Treasury and Energy departments detail how developers can apply for grants to finance up to 30 percent of wind farms, solar plants, biomass facilities and other renewable energy operations. Manufacturers, investors and project developers have said the government money is key because the renewable energy industry has struggled to obtain financing amid the credit market crisis. (Read The Full Article) 

Forbes: Stimulus Money May Finally Flow To Green Energy: Treasury announces $3 billion in federal grants to cover upfront project costs. It's been a long time coming, but green energy business are about to get their promised boost from the economic stimulus package that President Obama signed into law in February. Treasury Secretary Timothy Geithner on Thursday announced rules that will finally allow developers of wind, solar, biomass and other green energy projects to apply for a total of $3 billion in federal grants to cover upfront project costs. (Read The Full Article)

Hispanic Business Magazine: US Pumps $3B into Renewable Energy: The U.S. government will make 3 billion dollars available to renewable energy companies as part of an effort to pull the country out of an ongoing recession, officials said Thursday. The new initiative would fund about 5,000 solar, wind, bio-mass and other green projects around the country, the U.S. Treasury and Energy Department said in a joint statement. The money comes out of the $787 billion dollar economic stimulus package approved by the Congress in February. (Read The Full Article)

International Business Times: US Allocated $3B to Speed Up Renewable Energy Projects: The program will provide direct payments in lieu of tax credits in support of an estimated 5,000 bio-mass, solar, wind and other types of renewable energy production facilities. Previously, energy companies had to wait to file a tax return to cover certain costs of their projects but the new program will accelerate the benefits, so companies have funds available almost immediately.  (Read The Full Article)

Atlanta Journal Constitution: Housing Authority Gets Federal Stimulus for Affordable Housing: The Georgia Housing and Finance Authority will receive $76 million in federal stimulus money, the U.S. Treasury Department said Friday. Last year, the housing authority awarded $20 million in low-income housing tax credits to 35 developers, according to King. This year, the agency traded in a portion of its annual federal tax credits to receive the $76 million, which is supported by stimulus money, she said. The tax credits will help re-start housing projects that have been stalled because of the recession. The credit crisis has held up approximately 30 projects tied to low-income tax credits previously given out by the housing authority.  (Read The Full Article)

Baltimore Sun: Maryland Gets $44 Million for Affordable Housing Projects: Maryland will get more than $44 million in federal funds to spur development of affordable housing projects throughout the state that have been stalled because of the economic downtown, the U. S. Treasury Department announced Friday. Maryland is one of 12 states or territories selected to receive a total of $486 million this week in American Recovery and Reinvestment Act (Recovery Act) funding. The funds announced today represent the fourth round in a series of awards based on a rolling application process. More than $3 billion will be allocated for affordable housing altogether under the Recovery Act. (Read The Full Article)

Boston Globe: Mass. in Line for $51 Million: Massachusetts will receive $51 million in federal funding to build affordable housing for people affected by the economic crisis, the US Treasury Department said today.  The commonwealth is one of 12 states to receive $486 million in federal funding to spur development of affordable housing under the American Recovery and Reinvestment Act approved by Congress in February to stimulate the economy. (Read The Full Article)

Hartford Courant: U.S. Provides $34 Million for Four Projects in State: Four low-income housing developments that were put on hold around the state because of the recession will be restarted thanks to a $34 million award Friday by the U.S. Department of the Treasury. The developments will provide 184 affordable housing units in Manchester, Hamden and Norwich and create 800 jobs. A total of $486 million was released Friday to Connecticut and 10 other states and the Virgin Islands as part of the American Recovery and Reinvestment Act.  (Read The Full Article)

Reuters: U.S. makes $3 billion available for renewable energy:The Obama administration on Thursday unveiled guidelines that will allow companies to apply for some $3 billion in government funds to boost development of renewable energy projects around the country, creating jobs.  (Read The Full Article)

BusinessWeek: Report: Stimulus helps create 14,200 summer jobs: President Barack Obama's $787 billion economic stimulus package will help put 14,200 teens and young adults to work this summer in Ohio, and most of the stimulus-funded highway projects in the state are reaching economically distressed areas, according to a federal report released Wednesday.  (Read The Full Article)

Business First of Buffalo: Recovery Act boosts venture capital: Small businesses having difficulty securing private equity or venture capital may find it easier to get funding as a result of changes made through the American Recovery and Reinvestment Act. (Read The Full Article)

Charolotte BusinessJournal: Charlotte arts groups get $100K in federal funds: The N.C. Dance Theatre and Levine Museum of the New South will each receive $50,000 in federal stimulus funds.  Both organizations are in Charlotte.  The funds, from the American Recovery and Reinvestment Act, come from a $29.8 million pool of 631 grants for nonprofits. (Read The Full Article)

Union Leader: NH gets $17m for affordable rentals: Efforts to create affordable rental housing in New Hampshire got an additional $17 million boost yesterday as part of the federal economic stimulus package.  U.S. Sen. Jeanne Shaheen, D-N.H., said she pushed for the funding for the New Hampshire Housing Finance Authority because the recession nullified existing tax credits designed to promote construction of low-income housing. (Read The Full Article)

ABQJournal: New Mexico Gets Housing Stimulus Funds: More than $38 million in federal stimulus money will go toward affordable housing projects in New Mexico, the Treasury Department is to announce today. The funding is part of $486 million being awarded in American Recovery and Reinvestment Act money intended to "spur the development of affordable housing units" in 11 states and the Virgin Islands, according to a department news release. (Read The Full Article)

Omaha World-Herald: Cities rebuild using ‘subsized money’ The new tool offers better interest rates than the usual tax-exempt bonds. The Nebraska Public Power District recently tapped a little-publicized provision in President Barack Obama’s stimulus bill to upgrade its electrical system, saving its ratepayers millions of dollars in the process. (Read the Full Article)

FT: US incomes surge as stimulus kicks in Personal income in the US surged in May thanks to an infusion of government stimulus funds, while consumers raised their spending modestly as confidence about the state of the economy continues to improve. (Read the Full Article)

Memphis Commercial Appeal: U.S. Treasury Dept. awards Tennessee $53M for low-income homes
The Tennessee Housing Development Agency will be notified this morning that it is the recipient of a $53 million stimulus grant from the U.S. Treasury Department to construct or acquire and rehabilitate existing low-income housing. (Read the Full Article)

Reuters: U.S. Treasury awards $268 mln in housing funds
The U.S. Treasury on Monday said it has awarded $268 million in previously approved economic stimulus funds for affordable housing projects in Indiana, Missouri, Tennessee and Washington, D.C. (Read the Full Article)

Tennessean: TN Awarded $53M Stimulus for Affordable Housing
Tennessee will receive $53 million in new stimulus money designed to ensure that thousands of affordable rental housing units are built across the state, according to an announcement from the federal government being released today. (Read the Full Article)

The Journal: Cass County to receive $1,752,000 in stimulus funds
On Friday, Sen. Ben Nelson announced the state treasury department will receive $225 million from the Stimulus Bill targeted to help communities with infrastructure and economic development. (Read the Full Article)

Courier-Post: Region will get $106M boost
An influx of federal stimulus funds could support some $250 million in economic activity in the tri-county area, helping to create several thousand jobs, a federal legislator said Friday. (Read the Full Article)

Times and Democrat: More fed money available for local projects
Area government and business leaders are eager to learn about a new federal bond program that promises another source of financing for capital improvements. The U.S. Treasury Department on Friday announced the availability of more than $327 million in financing for South Carolina state and local governments. The money comes from the $25 billion Recovery Zone Bonds Program authorized by the American Recovery and Reinvestment Act stimulus package. (Read the Full Article)

Rapid City Journal: County gets authority to issue economic development bonds
Pennington County officials were surprised by the news Friday that the county is getting the authority to issue $19.8 million in low-interest economic development bonds as part of the federal stimulus package. But County Commission Chairwoman Brenda Young cautioned that any bonds issued would constitute debt and would have to be paid back. (Read the Full Article)

The News and Advance: 5th District qualifies for $35M in bonds
The 5th District has qualified for $35 million in low-interest economic development bonds through the federal stimulus act, according to an announcement from Congressman Tom Perriello’s office. (Read the Full Article)

Daily Herald: 14th District gets $248 mil boost in ability to borrow
Local governments received the power to borrow a whole lot more money on Friday thanks to another portion of the federal stimulus package kicking in. However, the details about exactly what projects the borrowed money can fund are yet to come. (Read the Full Article)

Providence Journal: R.I. to get borrowing assistance for public-works projects
Rhode Island cities and towns will soon be able to borrow, on favorable terms, a combined total of more than $250 million, the state’s congressional delegation said on Friday. (Read the Full Article)

Columbian: Millions in stimulus bonds available
Vancouver and Clark County can tap more than $10 million in federally subsidized bonds to spur economic development. These so-called Recovery Zone Bonds are part of the $787 billion economic stimulus plan that Congress approved this year to try to resuscitate a tanking economy. (Read the Full Article)

Pasadena Now: Pasadena to Receive Millions in Recovery Act Funds
Today, Congressman Adam Schiff announced that Pasadena will receive over $6 million in bonds as part of the American Recovery and Reinvestment Act (Recovery Act), which Congress passed and President Obama signed into law early this year. (Read the Full Article)

Tampa Bay Business Journal: U.S. Treasury allocates recovery bonds for Tampa Bay communities
The U.S. Treasury Department announced $25 billion in bond authority as part of the Obama administration’s stimulus efforts. The cities of Tampa, St. Petersburg and Clearwater are among the Florida communities receiving bond authority under the program, a release from the Treasury Department said. (Read the Full Article)

Maine Public Broadcasting Network: Maine Communities to Get Millions In Federal Bonds
Maine's two U.S. senators say the state will be receiving $225 million in bonds made available through the Recovery Act of 2009.  Senators Olympia Snowe and Susan Collins say the so-called Recovery Zone Bonds will go to areas particularly hard hit by job losses.  The bonds are intended to help local governments get low-cost financing for economic development projects, such as public infrastructure development. (Read the Full Article)

Detroit News: Biden: Michigan will get $2 billion for recovery
In an effort to boost Michigan's struggling economy, the U.S. Treasury Department is offering the state $2 billion in recovery bonds to attract jobs and private investment, Vice President Joe Biden announced today at a stop here.  The bonds made available today include funding for Wayne and Oakland counties and Detroit, he said. Those local governments will be among the top-10 recipients of a recovery zone bond program that's targeting states and communities hit hardest by the recession. (Read the Full Article)

Reuters: NYC to spur projects with $200 mln stimulus bonds
New York City stands ready to issue millions of dollars of a new form of debt authorized by the federal economic stimulus plan to bring languishing industrial and commercial projects back to life, Mayor Michael Bloomberg said on Wednesday. (Read the Full Article)

Providence Journal: R.I. to get nearly $37 million in federal housing aid:
Rhode Island’s state housing agency is expected to receive nearly $37 million in federal stimulus money on June 4, when grants to five states are slated to be announced. The money is part of a tax-credit exchange program. State housing finance agencies have been allowed to sell low-income-housing tax credits to investors to help pay for agency programs. But investors have shied away from buying those credits during the mortgage and housing crises that sparked the current recession. (Read the Full Article)

Sec. Geithner: New Markets Tax Credit Timothy Geithner: New tax credit program will boost communities The Bradenton Herald On Feb. 17, President Obama signed into law the most sweeping economic recovery package in our nation’s history. The Recovery Act was a crucial first step toward restoring economic growth and getting Americans back to work. In the 100 days since, more than 3,000 transportation construction projects have been funded in 52 states and territories, and 95 percent of working families have begun seeing a tax cut in their paychecks. (Read the Full Article)

Treasury program enables expansion On Feb. 17, President Obama signed into law the most sweeping economic recovery package in our nation's history. The Recovery Act was a crucial first step toward restoring economic growth and getting Americans back to work. In the 100 days since, more than 3,000 transportation construction projects have been funded in 52 states and territories, and 95 percent of working families have begun seeing a tax cut in their paychecks. (Read the Full Article)

Kansas City Star: Bill advancing in Missouri to extend jobless benefits: Missouri legislators may be closer to passing a bill that would let long-term unemployed workers receive a particular kind of extended federal jobless benefits. (Read the Full Article)

New York Times: Los Angeles water projects to get stimulus boost: : The Los Angeles district of the Army Corps of Engineers plans to use its share of federal stimulus dollars to help complete a backlog of projects aimed at improving the local water supply, officials said Wednesday. (Read the Full Article)

Reuters: Government can heal U.S. construction job pains: After losing thousands of construction jobs last year, U.S. contractors are hoping the government will go beyond the stimulus plan to help revive the sector, the chief economist for the Associated General Contractors of America said on Wednesday. (Read the Full Article)

News Sun: Stimulus bill helps pay for college: Financing college is becoming a little easier, thanks to the 2009 economic stimulus bill. (Read the Full Article)

Reuters: NY MTA joins surge of Build America Bonds: A Virginia university and New York state's mass transit agency have joined a rising number of issuers eager to sell Build America Bonds, taxable bonds whose interest rates are partly subsidized by the U.S. government. (Read the Full Article)

Wall Street Journal: Government’s incentives aim to keep buyers in the fold: President Barack Obama highlighted three government programs Monday that are designed to spur domestic auto sales. (Read the Full Article)

Associated Press: New tax credit bumps weekly paychecks by about $10 The "Making Work Pay" tax credit, which took effect Wednesday, was enacted as part of the economic recovery package that Congress passed in February. It's the Main Street version of the Wall Street bailout, doled out in bite-sized portions to workers in their paychecks. (Read the Full Article)

Washington Business Journal: Treasury Department to buy $15B in SBA Securities  Treasury Secretary Timothy Geithner called on all banks, not just SBA lenders, to increase their lending to small businesses. (Read the Full Article)

USA Today: Stimulus will help laid-off workers with COBRA costs: The economic stimulus package signed into law last month seeks to address the high costs by subsidizing COBRA premiums for unemployed workers. (Read the Full Article)

Associated Press: Obama: tax cuts will be felt by April 1:  So, just how soon will Americans start reaping the benefits of tax cuts in it? By April 1, according to the president. (Read the Full Article)

New York Times: In Address, Obama Highlights Tax Reductions: President Obama said Saturday that the Treasury Department had begun to direct its employees to reduce taxes from the paychecks of workers, a move that should increase the take-home pay for typical families by at least $65 a month. (Read the Full Article)

Wall Street Journal: Stimulus Makes Cobra Coverage a Better Bet: Congress has just given a big assist to millions of jobless Americans facing a tough decision: Do they reach into their wallet to continue health insurance coverage with their old employer or not? (Read the Full Article)

Washington Post: Home Buyers, Sit Up and Take Notes: Tax season is here! And homebuyers may have cause for celebration. If you bought this year or in 2008, you can take advantage of one of the first time homebuyers tax credits. (Read the Full Article)

Last Updated: October 26, 2009