PaintSquare.com
      | Connect Follow us on Twitter Like us on Facebook
About | Subscribe | Advertise
  

 

Paint and Coatings Industry News

Main News Page


Stimulus Priorities: Modernized Schools, Green Buildings, Energy Efficiency

Monday, March 2, 2009

Comment | More

The economic stimulus bill recently signed into law by President Obama will provide billions of dollars in funding for modernization of schools, the “greening” of federal buildings, expansion of mass transit, construction and energy-efficiency upgrades of housing, and a number of other building and construction priorities.

The AIA is calling the bill—formally titled the American Recovery and Reinvestment Act—a “down payment” on the total investments needed for modernization and upgrading of the nation’s infrastructure. The institute took an active role in making recommendations to the Obama administration on the specific funding priorities of the stimulus bill, and developed the “Rebuild and Renew Plan,” detailing recommendations for the allocation of funds in President Obama’s economic-recovery program.

A report issued by the AIA Government Advocacy Group provides a breakdown of the funding provisions that will impact the design and construction market. The provisions include the following, with AIA “Renew and Rebuild” priorities indicated with an asterisk (*).

Schools

* State Stabilization Fund—$53.6 billion. States must use at least 83% of the funding ($40 billion) to provide aid to local school districts. Local school districts may use funds for school modernization, renovation and repair, including modernization, renovation and repair consistent with a recognized green rating system.

Governors may use up to 17% ($8.2 billion) on allocations for “public safety and other governmental services, which may include educational services and higher education modernization, renovation, and repair activities… which may include modernization, renovation, and repairs consistent with a recognized green building rating system.”

Aside from facility modernization, states and school districts can use this funding for activities authorized under the Elementary and Secondary Ed. Act (ESEA), IDEA (disabled students), and the Perkins Act.

General Services Administration

* $4.5 billion for greening federal buildings

Public Transit

* $8.4 billion

Other facilities improvements

$6.5 Billion for Department of Defense Facilities

$1.5 Billion for NIH Facilities (National Institutes of Health)

$1.2 Billion for VA Facilities

Energy

$4.6 billion for home weatherization

* $6.3 billion in Energy and Conservation Block Grants

$3.1 billion to support utility sponsored energy efficiency programs and energy-efficient building codes

HUD (Housing and Urban Development)

* $2.25 billion public/assisted housing stability and energy efficiency

* $2.25 billion for HOME program to build affordable housing

$2.0 billion in neighborhood stabilization funding to purchase foreclosed and abandoned homes

* $4.0 billion to Public Housing Capital Fund (emphasis on improving energy efficiency in aging facilities

Tax provisions (buildings/housing/schools)

First-time home buyer credit: First-time homebuyers will be able to claim an $8,000 tax credit for the purchase of the home. In the past, this credit was treated as an interest-free loan. The bill eliminates the repayment obligation.

Qualified school construction bonds—$22 billion: The bill creates a new category of tax bonds for the construction, rehabilitation, or repair of public school facilities or for the acquisition of land where the facility will be constructed.

Qualified zone academy bonds—$1.4 billion: Can be used to finance renovations, equipment purposes, developing course material, and training teachers.

Qualified energy conservation bonds—$2.4 billion: Used to finance state, municipal, and tribal governments in initiatives designed to reduce greenhouse gas emissions.

Recovery zone facility bonds—$15 billion: For investment in infrastructure, job training, education, and economic recovery. Money is distributed based on need (states that lost the most jobs in 2008 get the most money).

Tax credits for energy-efficient improvements to existing homes: Extends the credits for energy-efficient residential property through 2010. Increases the amount of the credit for qualified property from 10% to 30%.

Grants in lieu of tax credits for low-income housing program.

   

Tagged categories: American Institute of Architects; Green building

Comment from CBrooks, Eco-Strip, (3/29/2009, 1:32 PM)

School,federal buildings, public housing,residential properties all need repainting and thus lead paint removal. Think low-heat infrared Paint removal using Speedheater. Safe, fast, easy containment and clean up.


Comment Join the Conversation:

Sign in to our community to add your comments.

International Paint LLC

International Paint Engineered Coatings

Learn about our solutions for:
  • Structural Steel
  • Piping & Equipment
  • Storage Tanks
  • Pressure Vessels
  • Secondary Containment


    RPB Respiratory
    GET A FREE COOL TUBE

    Take advantage of RPB Safety’s coolest promotion yet! Throughout the entire month of May you will receive a free Cool Tube with every...


    Axxiom Manufacturing
    The Undisputed
    Industry Leader.

    Proven Innovation. Job Performance. Industry Training. Workplace Safety. Only Schmidt® abrasive blast equipment by Axxiom Manufacturing delivers it all!


    Armorthane
    Corrosion Coatings for Protection and Repair

    Buy POLYURETHANE or POLYUREA coatings and spray surfaces for years of proven chemical resistance, water- and weather-proofing, and structural improvements.


    Fischer Technology Inc.
    MP0R with rotating display screen

    Automatic rotating display screen just like your smart phone. Click for Video
    Call 800-243-8417


    Atlas Material Testing Technology

    Helping You Put Your Products To The Test

    • Outdoor Accelerated
    Weathering
    • Laboratory Testing
    Services
    • Accelerated Weathering
    Instruments

    www.atlas-mts.com atlas.info@ametek.com


    WINOA Group
    Steel Abrasives :Think Premium

    The Premium series is the perfect mix of high-quality products and related technical services provided by skilled experts. Visit us during the GIFA (Hall15 - D14).


    Armakleen Company, The
    ARMEX when nondestructive cleaning is critical

    The gentle physical propriety of baking soda but yet aggressive cleaning ability is what makes ARMEX the only choice for nondestructive abrasive blasting.


    SAFE Systems, Inc.
    Portable Dust Collectors for Tough Environments

    Trailer and skid-mounted models in numerous sizes, powered by electric and/or diesel. Sloped roofs, multiple dust inlets, high static, dampered fans. Lockable power & drive compartments.

  •  
     
     
    Technology Publishing

    The Technology Publishing Network

    The Journal of Protective Coatings & Linings (JPCL) PaintSquare
    Durability + Design Paint BidTracker

     
    EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
    REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
    MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us
     

    © Copyright 2000-2015, Technology Publishing / PaintSquare, All rights reserved
    2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951; Tel 1-412-431-8300; Fax 1-412-431-5428; E-mail webmaster@paintsquare.com