A Recovery Update for Michigan’s Citizens一个密歇根的公民恢复更新
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– Can reduce mortgage payments to make them more affordable
– For mortgages up to $729,750
Find out more at /mshda or 866-946-7432
Michigan Recovery and Reinvestment Plan • /recovery
6
Helping Jobless Workers
• Unemployment eligibility extended by up to 13 weeks (maximum of 72 weeks)
• $25 per week increase in unemployment benefits • Increase in Food Assistance - example: about
• $250 payment to seniors and people with disabilities
• First-time Home Buyer Tax Credit increased from $7,500 to $8,000
Michigan Recovery and Reinvestment Plan • /recovery
Michigan Recovery and Reinvestment Plan • /recovery
3
How Will the Funds Come to Us?
• Through existing programs • Competitive grants • Tax cuts
– $5.7 million in Muskegon County; 725 homes weatherized
• Energy Efficient Improvement Tax Credits – will triple maximum credit from $500 to $1,500
Michigan Recovery and Reinvestment Plan • /recovery
• $4.4 million for child support enforcement in Michigan
Michigan Recovery and Reinvestment Plan • /recovery
14
Roads & Infrastructure
12
Strengthening Neighborhoods
• Public Housing Modernization and Development
– Muskegon Heights Housing Commission - $890,000 – Muskegon Housing Commission - $230,000
4
The Impact for Michigan
• Total estimated benefit for Michigan: $18 billion
• Funding available for existing programs: about $7 billion
• Will create or save 109,000 jobs over the next two years
• $5,657 Earned Income Tax Credit (increase of $629) for families with 3 or more children making up to $43,250/yr
• $1,000 per-child tax credit for families making more than $3,000/yr (minimum was $12,550)
9
Helping Schools
• $2.2 billion statewide for:
– Special education – Programs for at-risk students – Mitigating budget cuts
• $20 million for Head Start
In addition… • 17 blighted houses demolished in Muskegon
Heights during 2019 and 2019 with help from a $45,329 Cities of Promise Blight Elimination Grant
What does the Recovery Act mean for me?
Michigan Recovery and Reinvestment Plan • /recovery
5
Protecting Families
• $400 tax cut for workers earning less than $75,000 ($800 if filing jointly)
Visit /recovery often for grant applications and the latest updates!
Michigan Recovery and Reinvestment Plan • /recovery
$230,809
Michigan Recovery and Reinvestment Plan • /recovery
11
Protecting Homeownership
• Home Affordable Refinance Program
– Provides access to low-cost refinancing
Create jobs and diversify our economy
Educate and train our students and workers
Protect our citizens during tough times
ARRA will accelerate our plan
– For homeowners with Freddie Mae or Freddie Mac loans whose home values have dropped
– Homeowners must be current on mortgage payments
• Home Affordable Modification Program
7
Education & Training for Citizens
• American Opportunity Tax Credit – up to $2,500 of college expenses will be tax deductible
• Pell Grants – maximum award for low income students will increase from $4,850 to $5,350 this fall
For Muskegon County: • $10.6 million for ARRA-funded road projects;
about 272 jobs – $4 million for repair & resurface – $1.4 million for repairs • $1.8 million for other state-funded road projects; about 50 jobs • $2.4 million for public transit
$80 more per month for a family of four making less than $40,000
– 37,299 people receive Food Assistance in Muskegon County
Michigan Recovery and Reinvestment Plan • /recovery
• Significant Medicaid funding boost (39,567 now enrolled in Muskegon County)
• Community Health Center Grants:
– Muskegon Family Care: $354,795 – Hackley Community Care Center:
Michigan Recovery and Reinvestment Plan • /recovery
10
Providing Health Care
• Pays for 65% of continued health coverage for citizens who have lost their jobs (COBRA)
8
Weatherization & Energy Conservation
• Weatherization Assistance – a family of four making less than $44,000 can receive up to $6,500 for upgrades that save money on energy
In addition… • No Worker Left Behind – More than 61,000
participants statewide since 2019
Michigan Recovery and Reinvestment Plan • /recovery
Michigan Recovery and Reinvestment Plan • /recovery
13
Investing in Public Safety
• Michigan law enforcement agencies are eligible for $67 million to fight crime – Muskegon County - $29,872 – City of Muskegon - $218,169 – City of Muskegon Heights - $115,629 – Muskegon Township - $25,509 – City of Norton Shores - $24,502
A Recovery Update for Michigan’s Citizens
Governor Jennifer M. Granholm
The American Recovery and Reinvestment Act (ARRA) of 2009
• President Obama signs ARRA on February 17, 2009
Michigan Recovery and Reinvestment Plan • /recomic Plan is in Place
Our plan aligns perfectly with President Obama’s goals:
• The largest investment increase in America’s roads, bridges and mass transit in 50 years
• The most significant expansion in tax cuts for low and moderate income households ever
– For mortgages up to $729,750
Find out more at /mshda or 866-946-7432
Michigan Recovery and Reinvestment Plan • /recovery
6
Helping Jobless Workers
• Unemployment eligibility extended by up to 13 weeks (maximum of 72 weeks)
• $25 per week increase in unemployment benefits • Increase in Food Assistance - example: about
• $250 payment to seniors and people with disabilities
• First-time Home Buyer Tax Credit increased from $7,500 to $8,000
Michigan Recovery and Reinvestment Plan • /recovery
Michigan Recovery and Reinvestment Plan • /recovery
3
How Will the Funds Come to Us?
• Through existing programs • Competitive grants • Tax cuts
– $5.7 million in Muskegon County; 725 homes weatherized
• Energy Efficient Improvement Tax Credits – will triple maximum credit from $500 to $1,500
Michigan Recovery and Reinvestment Plan • /recovery
• $4.4 million for child support enforcement in Michigan
Michigan Recovery and Reinvestment Plan • /recovery
14
Roads & Infrastructure
12
Strengthening Neighborhoods
• Public Housing Modernization and Development
– Muskegon Heights Housing Commission - $890,000 – Muskegon Housing Commission - $230,000
4
The Impact for Michigan
• Total estimated benefit for Michigan: $18 billion
• Funding available for existing programs: about $7 billion
• Will create or save 109,000 jobs over the next two years
• $5,657 Earned Income Tax Credit (increase of $629) for families with 3 or more children making up to $43,250/yr
• $1,000 per-child tax credit for families making more than $3,000/yr (minimum was $12,550)
9
Helping Schools
• $2.2 billion statewide for:
– Special education – Programs for at-risk students – Mitigating budget cuts
• $20 million for Head Start
In addition… • 17 blighted houses demolished in Muskegon
Heights during 2019 and 2019 with help from a $45,329 Cities of Promise Blight Elimination Grant
What does the Recovery Act mean for me?
Michigan Recovery and Reinvestment Plan • /recovery
5
Protecting Families
• $400 tax cut for workers earning less than $75,000 ($800 if filing jointly)
Visit /recovery often for grant applications and the latest updates!
Michigan Recovery and Reinvestment Plan • /recovery
$230,809
Michigan Recovery and Reinvestment Plan • /recovery
11
Protecting Homeownership
• Home Affordable Refinance Program
– Provides access to low-cost refinancing
Create jobs and diversify our economy
Educate and train our students and workers
Protect our citizens during tough times
ARRA will accelerate our plan
– For homeowners with Freddie Mae or Freddie Mac loans whose home values have dropped
– Homeowners must be current on mortgage payments
• Home Affordable Modification Program
7
Education & Training for Citizens
• American Opportunity Tax Credit – up to $2,500 of college expenses will be tax deductible
• Pell Grants – maximum award for low income students will increase from $4,850 to $5,350 this fall
For Muskegon County: • $10.6 million for ARRA-funded road projects;
about 272 jobs – $4 million for repair & resurface – $1.4 million for repairs • $1.8 million for other state-funded road projects; about 50 jobs • $2.4 million for public transit
$80 more per month for a family of four making less than $40,000
– 37,299 people receive Food Assistance in Muskegon County
Michigan Recovery and Reinvestment Plan • /recovery
• Significant Medicaid funding boost (39,567 now enrolled in Muskegon County)
• Community Health Center Grants:
– Muskegon Family Care: $354,795 – Hackley Community Care Center:
Michigan Recovery and Reinvestment Plan • /recovery
10
Providing Health Care
• Pays for 65% of continued health coverage for citizens who have lost their jobs (COBRA)
8
Weatherization & Energy Conservation
• Weatherization Assistance – a family of four making less than $44,000 can receive up to $6,500 for upgrades that save money on energy
In addition… • No Worker Left Behind – More than 61,000
participants statewide since 2019
Michigan Recovery and Reinvestment Plan • /recovery
Michigan Recovery and Reinvestment Plan • /recovery
13
Investing in Public Safety
• Michigan law enforcement agencies are eligible for $67 million to fight crime – Muskegon County - $29,872 – City of Muskegon - $218,169 – City of Muskegon Heights - $115,629 – Muskegon Township - $25,509 – City of Norton Shores - $24,502
A Recovery Update for Michigan’s Citizens
Governor Jennifer M. Granholm
The American Recovery and Reinvestment Act (ARRA) of 2009
• President Obama signs ARRA on February 17, 2009
Michigan Recovery and Reinvestment Plan • /recomic Plan is in Place
Our plan aligns perfectly with President Obama’s goals:
• The largest investment increase in America’s roads, bridges and mass transit in 50 years
• The most significant expansion in tax cuts for low and moderate income households ever