Welcome to the Department of Housing & Community DevelopmentĘs Economic Recovery Website

HCD's Economic Recovery Website

Introduction

The American Recovery & Reinvestment Act of 2009 or ARRA, was signed into law on February 17, 2009 by President Obama. The legislation will help thousands of Californians who are facing foreclosure and provide significant new resources to increase housing supply and prevent homelessness.

ARRA will provide $12.1 billion nationwide for housing related programs. California will receive $1.09 billion by formula allocation and can compete for a portion of the $2 billion available in the second round of the Neighborhood Stabilization Program (NSP2). The Department of Housing and Community Development (HCD) will administer $55 million in Community Development Block Grant (CDBG-R) and Homeless Prevention and Rapid Re-housing Program (HPRP) funds.

California will receive $123 million in CDBG-R funds; HCD will administer approximately $10.7 million.

California will receive approximately $189 million in HPRP funds; HCD will administer approximately $44.5 million.

California cities and counties are eligible to apply for a share of the $2 billion available nationwide for NSP2 funds.

Click here for more detailed information on these and other housing programs that are available under the ARRA.

HCD ARRA PRESS RELEASES AND PRESENTATIONS

UPDATES

CALENDAR

PROJECTS RECEIVING ARRA FUNDS

Links