The American Recovery and Reinvestment Act of 2009 ("ARRA"), provides a $787 billion economic stimulus package with funding for investments in infrastructure, energy, healthcare, education and science, among other sectors. With billions of dollars in federal stimulus funds available, the ARRA presents private firms with opportunities for financing eligible projects. For example, federal stimulus funds are available for certain affordable housing projects, as well as transportation infrastructure, including highway, bridge, road, transit, and rail improvements that may be associated with a development project. Stimulus funds are also available for wastewater and drinking-water projects, as well as environmental clean-up and remediation, and a wide range of other construction projects.
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