NLIHC released a new fact sheet and updated database highlighting how states have allocated additional Coronavirus State and Local Fiscal Recovery Funds (SLFRF) to invest in affordable housing and homelessness prevention and services. The new fact sheet shows that states have invested an additional $5 billion in SLFRF for housing activities since April 2022, bringing the total amount of SLFRF housing investments in our sample (see below) to approximately $16.1 billion. To learn more about how states and localities are investing SLFRF funds in housing, visit NLIHC’s SLFRF program webpage and use the interactive map and searchable tool to track SLFRF investments in your area. NLIHC systematically tracked SLFRF investments allocated for affordable housing and homelessness prevention and services in all 50 states and the District of Columbia, Puerto Rico, and 60 localities, including the 10 cities or counties receiving the highest allotments of SLFRF and the largest city or county in every state. As of April 2022, 54 of the 112 jurisdictions (48%) in the sample had allocated more than $13.5 billion for housing activities, including over half of all states and over 41% of the selected cities and counties. An analysis of initial trends in housing investments using SLFRF was detailed in our report, State and Local Fiscal Recovery Funds: Initial Trends in Housing Investments, released in June 2022.
In October 2022, NLIHC updated our SLFRF database for the 50 states, District of Columbia, and Puerto Rico based on 2022 Recovery Plan Performance Reports that grantees submitted to the U.S. Department of the Treasury. Since April 2022, five additional states – Idaho, Missouri, Montana, New York, and Tennessee – have newly allocated SLFRF for housing services, with several others significantly increasing funding for housing projects. Among other findings, the new fact sheet shows that:
- As of October 2022, states alone, including the District of Columbia and the Territory of Puerto Rico, have invested over $13.75 billion for housing services.
- States and localities in our sample have allocated approximately $6.3 billion to acquire, construct, and preserve affordable housing, with states investing over $5.4 billion. Between April and October 2022, state SLFRF investments in housing development increased by $1 billion.
- Approximately $3.6 billion has been allocated for homelessness services, with nearly 79% of these funds invested by states.
- Many states and localities have invested in short-term aid to households, with approximately $4.3 billion for services such as rental and utility assistance, legal aid, and housing stability services.
- Approximately $1.5 billion has been allocated for energy efficiency and weatherization, home repairs, lead paint remediation, and other housing related projects.
Visit NLIHC’s State and Local Fiscal Recovery Fund program webpage at: https://bit.ly/3aQgQj4