I don't know how this is going to go in wingnut world, but apparently the Obamas have decided to use their personal funds to fix the White House.
Ny Magazine
As the title stated, the Obamas will NOT use taxpayer funding to renovate the WH. They will be using their own personal funds to do so.
At a time when people are having trouble holding on to their houses, Barack and Michelle Obama have sensibly decided not to use taxpayers’ money to renovate theirs. New presidents are allotted $100,000 to overhaul the White House residence and the Oval Office, and the Obamas hired Hollywood decorator Michael S. Smith (known, per his site, for mixing "Old World classicism with very contemporary settings"). But the First Couple isn’t spending that money. They "are not using public funds or accepting donations of goods for redecorating their private quarters," says Camille Johnston, director of communications for the First Lady. Nor is the couple, who reported $4.2 million in household income in 2007 tax returns, using money from the White House Historical Association, a privately funded foundation that paid for a $74,000 set of china shortly before Laura Bush left town.
Although, there was no notation for the amount they would spend. The WH decided to keep that amount private due to using their own funds in doing so.
I wish I had more information, but that is all I've got.