Obama Signs Stimulus Bill Providing Major Support for Affordable Housing

This NHLP Housing Law Bulletin article from March 2009 examines the affordable housing restrictions of the American Recovery and Reinvestment Act of 2009 (ARRA), the long-anticipated stimulus package intended to provide relief to those hardest hit by the recession and to steer the country back on a path toward economic recovery. As reported in the February 20009 issue of the Bulletin, the final conference report emerged from a House and Senate conference convened to resolve significant differences between their respective bills. The bill signed into law by the President reflected the compromise reached by the two houses and contained a number of significant appropriations related to affordable housing, many of them representing important victories for advocates.