January 2012: New England Community Outlook Survey 
Peter Davis/Federal Reserve Bank of Boston
January 1, 2012
Summary: Household Financial Conditions
Federal Reserve Bank of Boston
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
About the Authors
Anna Afshar Steiger,
Federal Reserve Bank of Boston
Email: Anna.Steiger@bos.frb.org
Anthony S Poore
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