More than $14 million of economic aid funds have already been released to Vermont, less than 10 days after President Obama signed the American Recovery and Reinvestment Act (ARRA).
The funds are directed to state and local agencies through the:
- Community Development Block Grant (CDBG) program
- Homeless Prevention Program Fund
- Capital Fund Formula Program
- Low Income Housing Tax Credit (LIHTC) Assistance Fund
Vermont's congressional delegation today praised the U.S. Department of Housing and Urban Development for the quick turnaround.