January 2012: New England Community Outlook Survey January 2012: New England Community Outlook Survey

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January 1, 2012

Summary: Household Financial Conditions Summary: Household Financial Conditions

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Factors that have affected LMI families' financial conditions for good

  • Increased nonprofit partnerships
  • Increased attention to organizational capacity building and best practices
  • American Recovery and Reinvestment Act (ARRA) funds, Neighborhood Stabilization Program (NSP) and Homelessness Prevention and Rapid Re-housing Program (HPRP)
  • Housing is more affordable
  • Many households have deleveraged
  • Recent drop in unemployment rates
  • Healthcare reform
  • Unemployment extensions
  • Earned Income Tax Credit (EITC) program
  • Low-income Housing Tax Credit (LIHTC) program

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