The U.S. Department of the Treasury (Treasury) published an article on March 9 providing examples of how governments are using Coronavirus State and Local Fiscal Recovery Funds (SLFRF) to benefit their communities, including through investments in affordable housing and homelessness initiatives. In a separate fact sheet, Treasury announced that 351 state, local, and tribal governments plan to use $11.3 billion in SLFRF funds for emergency and longer-term housing support and for addressing other housing security needs. The projects highlighted in the new article were identified using information submitted to Treasury in January 2022 that covered activity through December 31, 2021.
Treasury published a final rule on the SLFRF program in January 2022. The rule provides additional clarity on how states and localities can use the infusion of federal resources to meet immediate housing needs and invest in programs and services that promote long-term housing security (see Memo, 1/10). Treasury’s fact sheet highlights the ways states and localities are using SLFRF resources to fund emergency rental assistance (ERA) programs, eviction diversion programs, services to address homelessness, and affordable housing development, among other critical investments.
Learn more about the SLFRF program by reading NLIHC’s fact sheet on the program at: https://bit.ly/3zztxad
Find other examples of the ways states and localities are using SLFRF funds for affordable housing in another NLIHC fact sheet at: https://bit.ly/3tgITPp