Which Recovery Act Programs Present Potential Funding Opportunities?
Listed below are select major Recovery Act programs that focus on providing assistance and services relating to housing, community development, health and social services that your organization may wish to consider. This list does not purport to be a comprehensive list of all funding opportunities under the Recovery Act that are or may be relevant to all of the different types of nonprofits whose activities or purposes fall within these broad categories. Housing & Community Development Mitigating the Effects of Foreclosure and Preventing Community Decline HOME Investment Partnerships Block Grant Program – $2.25 billion • Description: Funding for capital investment by state housing finance agencies, in partnership with community-based organizations, to acquire, construct and rehabilitate affordable housing projects that rely on Low-Income Housing Tax Credits. Also known as the Tax Credit Assistance Program (T-CAP). • Formula allocation: To state housing credit allocation agencies, which
