Low- or Moderate-Income

Census Bureau: New American Community Survey Statistics for States and Local Areas

Statistics for More Than 40 Demographic and Economic Topics Provide Detailed Profiles of Communities Nationwide The U.S. Census Bureau today released its most detailed look at America’s people, places and economy with new statistics on income, poverty, health insurance and more than 40 other topics from the American Community Survey (ACS). Many large metropolitan areas…

HUD: $12 Million Awarded to Assist Tribal Communities with Making Housing Safer

Funding to make low-income tribal housing safer and healthier WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) today awarded more than $12 million in Healthy Homes Production grants to 13 Tribes and Tribal agencies to protect children and families from home health and safety hazards (see chart below). The grant funding announced…

Census Bureau: Findings for 2017 Income, Poverty and Health Insurance Online News Conference on September 12th

What: The U.S. Census Bureau will hold an online news conference to announce the findings from three reports: Income and Poverty in the United States: 2017, Health Insurance Coverage in the United States: 2017, and The Supplemental Poverty Measure: 2017. The income and poverty report provides national-level statistics from the Current Population Survey Annual Social…

HUD: Department Launches New Campaign to Boost Landlord Acceptance of Housing Vouchers

New task force aimed at boosting landlord participation in Housing Choice Voucher Program WASHINGTON – U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced a Department-wide task force as part of a larger campaign to encourage more landlords to participate in the Housing Choice Voucher (HCV) Program. HUD’s HCV Program is the nation’s…

Federal Reserve: FEDS Notes | Are Income and Credit Scores Highly Correlated?

Are Income and Credit Scores Highly Correlated? Rachael Beer, Felicia Ionescu, and Geng Li1 1. Introduction Credit scores, a numerical indicator constructed to predict borrowers’ credit risk, represent a crucial element of a person’s financial life and are used extensively in loan underwriting and pricing. On average, consumers with higher credit scores tend to have…

Census Bureau: Computer and Internet Use in the United States

The report titled “Computer and Internet Use in the United States: 2016” looks at access to computers and broadband internet subscriptions nationwide. Differences can be seen by demographic, social and geographic characteristics across the digital divide between those who have and those who lack access to computers and the internet. This report examines key trends…

Federal Reserve: Income Inequality, Financial Crises and Monetary Policy

Download the PDF: Income Inequality, Financial Crises, and Monetary Policy (PDF) by: Isabel Cairo and Jae W. Sim Abstract: We construct a general equilibrium model in which income inequality results in insufficient aggregate demand, deflation pressure, and excessive credit growth by allocating income to agents featuring low marginal propensity to consume, and if excessive, can lead…

Census Bureau: Schedule for Income, Poverty and Health Insurance Statistics and ACS Data Release

The U.S. Census Bureau’s schedule for the release of the 2017 income, poverty and health insurance coverage statistics from the Annual Social and Economic Supplement to the Current Population Survey and the 2017 American Community Survey is as follows: Wednesday, Sept. 12, 2018 (no embargo) National 2017 income, poverty and health insurance coverage statistics: Current Population Survey Annual Social…

Ever Wondered “What is Low- and Moderate-Income or LMI”? Here’s Your Answer.

“What is low- and moderate-income or LMI?” is one of the most common questions we hear at findCRA. Most people may have a general understanding of what it means to be low-income, but under the federal Community Reinvestment Act, defining low- and moderate-income can seem overly technical and confusing. More importantly, knowing who and what…