Treasury Announces Second Round of Energy Cash Assistance

By Caitlin Jones
October 21, 2009 1 min read

Tax Credit Advisor, October 2009: The U.S. Treasury Department on 9/22/09 reported the second of two rounds of cash assistance awards to energy production companies under Section 1603 of the American Recovery and Investment Act. This section permits taxpayers to apply to Treasury to obtain grants in lieu of claiming the investment tax credit for eligible new renewable energy production facilities and equipment, including those that utilize solar and wind.

In the second round, Treasury made an additional $550 million in grants to companies for 25 projects. In the first round, Treasury announced $502 million in grants for 12 projects.

Treasury expects to provide more than $3 billion in cash assistance payments to support an estimated 5,000 biomass, solar, wind, and other types of renewable energy facilities over the life of the program.

Breaking Ground

Jennifer Leimaile Ho, Minnesota Housing Commissioner and Incoming Chair of National Council of State Housing Agencies

Pamela Martineau • December 1, 2024 10 min read

Earlier this fall, Jennifer Leimaile Ho was elected chair of the National Council of State Housing Agencies’ (NCSHA) 2025 Board of Directors. Ho is the Commissioner of Minnesota Housing, having been appointed by Governor Tim Walz in January 2019 and reappointed in 2023.

“Business as Usual”

Leaders in Equity Express Optimism Despite an Uncertain Future

Abram Mamet • December 1, 2024 9 min read

Any outside observer may assume some unease amongst the low-income housing industry. Buffeted on the one hand by residual stressors from the COVID-19 pandemic and on the other by the uncertain prospects of an incoming federal administration keen on cutting spending and shrinking government programs, the affordable housing landscape is experiencing an inflection point.

NCSHA Recognizes Stand-Out Affordable Housing Programs and Initiatives

Pamela Martineau • December 1, 2024 7 min read

This fall, the National Council of State Housing Agencies (NCSHA) recognized 17 programs offered by state housing finance agencies across the nation that creatively developed tools to tackle their communities’ affordable housing challenges.