CDFI Fund: $40.1 Million Awarded to Banks Investing in Severely Distressed Communities
Recipients Demonstrate Increased Lending and Services Exceeding $380 Million to Nation’s Most Economically Challenged Areas The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today announced $40.1 million in awards to 171 FDIC-insured banks through the fiscal year (FY) 2024 round of the Bank Enterprise Award Program (BEA Program), for increasing…
Census Bureau: Small Area Income and Poverty Estimates for States, Counties and School Districts Data Released
The median estimated poverty rate of children ages 5 to 17 in U.S. school districts in 2022 was 13.9%, according to data released today by the U.S. Census Bureau. The new data come from the 2022 Small Area Income and Poverty Estimates(SAIPE), which provides the only single-year income and poverty statistics for the nation’s 3,143 counties…
HUD: $25 Million in Funding Announced for Public Housing Authorities to Help Families Get Access to Better Housing and Schools
Public Housing Authorities are encouraged to apply for funding Today, the U.S. Department of Housing and Urban Development (HUD) announced that it will make available $25 million to public housing authorities (PHAs) for HUD’s Housing Choice Voucher (HCV) Mobility Services. Through this program, PHAs will help an estimated 6,000 voucher families with children get a…
Census Bureau: New Report Released About Persistent Poverty at County and Census Tract Levels
Today the U.S. Census Bureau released a new report, “Persistent Poverty in Counties and Census Tracts.” While definitions vary, geographies are typically considered to be in persistent poverty if they maintained poverty rates of 20% or more for 30 years. The report examines county and subcounty geographies (specifically, census tracts), identifying additional populations that may benefit…
HUD: $4.4 Million in Choice Neighborhoods Planning Grants Announced
Grants will fund community-driven revitalization plans in high-poverty neighborhoods with distressed HUD-assisted housing. Today, U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge announced $4,409,000 in Choice Neighborhoods Planning Grants to nine communities across America. These grants of up to $500,000 each will bring together community partners to create comprehensive neighborhood revitalization…
Census Bureau: Small Area Income and Poverty Estimates for States, Counties and School Districts Released
The median estimated poverty rate for school-age children in all U.S. school districts in 2021 was 14.5%, according to data released today by the U.S. Census Bureau. The new data come from the Small Area Income and Poverty Estimates (SAIPE) program, which provides the only up-to-date, single-year income and poverty statistics for all of the nation’s 3,142…
Census Bureau: More Than 19 Million Renters Burdened by Housing Costs
Over 40% (19 million) of renter households in the country spent more than 30% of their income on housing costs during the 2017-2021 period, according to new American Community Survey (ACS) 5-year estimates released today by the U.S. Census Bureau. Households spending more than 30% on housing costs, including rent or mortgage payments, utilities, and…
Census Bureau: New 1-Year Estimates for Income and Poverty Released from 2021 American Community Survey
Today the U.S. Census Bureau released new income and poverty briefs from the 2021 American Community Survey (ACS), 1-year estimates and years prior. These briefs analyze changes in median household income and poverty rates for the nation, states, the District of Columbia, Puerto Rico and the most populous metropolitan areas between 2019 and 2021. The Poverty:…
Census Bureau: Small Area Income and Poverty Estimates Released for States, Counties, and School Districts
The median estimated poverty rate for school-age children in all U.S. school districts in 2020 was 13.2%, according to data released today by the U.S. Census Bureau. The new data come from the Small Area Income and Poverty Estimates (SAIPE) program, which provides the only up-to-date, single-year income and poverty statistics for the nation’s 3,142 counties and 13,163 school…
Census Bureau: New Report Released on the Patterns of Poverty
A new report released by the U.S. Census Bureau shows 34.0% of the U.S. population was in poverty for at least two months between January 2013 and December 2016. The report, Dynamics of Economic Well-Being: Poverty, 2013–2016, presents data on poverty based on information collected in the Census Bureau’s Survey of Income and Program Participation (SIPP). The…
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