Mayor Daley made the announcement Tuesday after four violent days in the city.
A total of 54 people were shot over that period.
Ten were killed between last Friday and yesterday.
The stimulus money will help fund the programs that would provide teacher training and mentors at so-called "high-risk" high schools throughout the city.
"We expect this program to result an increase in parental involvement," said Daley, also predicting a decrease in criminal activity.
The programs will be presented to the Chicago Board of Education Wednesday for approval.