The Recovery Act: Laying the Foundation for America’s 21st Century Clean Economy

Last week, I spoke at two events that helped underscore the extent to which President Obama’s Recovery Act is paving the way for a clean energy economy.

Before an audience of green affordable housing developers at the Communities of the Institute for Professional and Executive Development (IPED) annual conference, I highlighted four ways HUD is using the lessons of the Recovery Act to make this possible—first, by upgrading and retrofitting 230,000 units of HUD’s affordable housing stock to high green standards by the end of this summer; second, by providing new tools to property owners that demonstrate which green improvements they can make and the savings they can generate; third, by using the Federal Housing Administration (FHA) to catalyze new forms of green retrofit financing for single- and multi-family housing; and fourth, by forging interagency partnerships across government to weatherize homes and help clusters of communities work together to reduce the combined cost of housing and transportation.

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