May 1st report shows that HUD had obligated a total of $4,623,132,553 in Recovery Act funding and has had an outlay (spent) of $235,460,064 or 5.1% of the obligations made to date.
The program with the highest ratio of outlays to obligations so far?
It's HUD Project Based Rental Assistance
- 14.4% of the Project Based Rental Assistance obligations have resulted in outlays (Outlay of $213,728,193 vs. obligation of $1,480,398,826) .
- Project Based Rental Assistance represented 91% of ALL HUD Recovery Act outlays made by HUD to date.
[IG actually had the highest ratio, but amount was less than $100,000 and therefore not considered relevant in context of multi-billion spending].