The U.S. Department of the Treasury announced today another $1.4 million in federal funds are coming to Vermont for affordable housing.
This latest allocation of American Recovery and Reinvestment Act funds includes a total of $309 million distributed to seven states:
- $34 million, Arizona
- $16 million, Connecticut
- $95 million, North Carolina
- $3.6 million, North Dakota
- $41 million, Pennsylvania
- $118 million, South Carolina
- $1.4 million, Vermont
The funds are intended to jump start development or renovation of qualified affordable housing for families.
Read the Treasury Department's press release about the allocation.
Here are some previous posts about previous allocations and American Recovery and Reinvestment Act activity:
- $10.3 million coming for affordable housing in Vermont
- NeighborWorks of Western Vermont to receive $2 million
- Vermont to receive $5.4 million from HUD
- Vermont Rural Ventures to receive $30 million
- Vermont’s first recovery funds already released
- VHFA loans eligible for tax credit
- VHFA comments on Obama plan