Recovery Act Capital Improvements Create Jobs, Housing

Washington, D.C. -- Thousands of jobs and billions in new economic activity have been created by Recovery Act funds that were invested in public housing capital projects.  A report released  Thursday, March 17  shows these investments created jobs and strengthened the nation’s infrastructure while improving thousands of new affordable housing units – meeting key goals of the stimulus.

These are some of the key findings from a new report by the Econsult Corporation, “Public Housing Stimulus Funding: A Report on the Economic Impact of Recovery Act Capital Improvements.”   Econsult estimated the national, state, and local economic impact of the capital spending by  20 sampled agencies. The sampled agencies received a total of $700 million in Recovery Act funds.

Executive Summary

Full Report