The Dept. of Housing and Urban Development has announced plans for $995 million in American Recovery and Reinvestment Act discretionary grants to upgrade public housing units and the National Science Foundation is seeking applicants for $200 million in ARRA aid to rehabilitate academic research facilities at colleges and universities. Related Links: HUD's Notice of Funding Availability HUD on May 11 said it will award a total $995 billion in ARRA Public Housing Capital Funds in four categories: $600 million for energy-efficiency improvements; $200 million for projects delayed for lack of funding; $100 millin to "transform" old public housing projects through
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.