Low- or Moderate-Income

HUD: Department Launches New Campaign to Boost Landlord Acceptance of Housing Vouchers

New task force aimed at boosting landlord participation in Housing Choice Voucher Program WASHINGTON – U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced a Department-wide task force as part of a larger campaign to encourage more landlords to participate in the Housing Choice Voucher (HCV) Program. HUD’s HCV Program is the nation’s…

Federal Reserve: FEDS Notes | Are Income and Credit Scores Highly Correlated?

Are Income and Credit Scores Highly Correlated? Rachael Beer, Felicia Ionescu, and Geng Li1 1. Introduction Credit scores, a numerical indicator constructed to predict borrowers’ credit risk, represent a crucial element of a person’s financial life and are used extensively in loan underwriting and pricing. On average, consumers with higher credit scores tend to have…

Census Bureau: Computer and Internet Use in the United States

The report titled “Computer and Internet Use in the United States: 2016” looks at access to computers and broadband internet subscriptions nationwide. Differences can be seen by demographic, social and geographic characteristics across the digital divide between those who have and those who lack access to computers and the internet. This report examines key trends…

Federal Reserve: Income Inequality, Financial Crises and Monetary Policy

Download the PDF: Income Inequality, Financial Crises, and Monetary Policy (PDF) by: Isabel Cairo and Jae W. Sim Abstract: We construct a general equilibrium model in which income inequality results in insufficient aggregate demand, deflation pressure, and excessive credit growth by allocating income to agents featuring low marginal propensity to consume, and if excessive, can lead…

Census Bureau: Schedule for Income, Poverty and Health Insurance Statistics and ACS Data Release

The U.S. Census Bureau’s schedule for the release of the 2017 income, poverty and health insurance coverage statistics from the Annual Social and Economic Supplement to the Current Population Survey and the 2017 American Community Survey is as follows: Wednesday, Sept. 12, 2018 (no embargo) National 2017 income, poverty and health insurance coverage statistics: Current Population Survey Annual Social…

Ever Wondered “What is Low- and Moderate-Income or LMI”? Here’s Your Answer.

“What is low- and moderate-income or LMI?” is one of the most common questions we hear at findCRA. Most people may have a general understanding of what it means to be low-income, but under the federal Community Reinvestment Act, defining low- and moderate-income can seem overly technical and confusing. More importantly, knowing who and what…

FEDS Notes: Where’s the Money Going? The Importance of Accounting for Rent Payments in Measuring a Household’s Financial Obligations

Andrew C. Chang, Joanne W. Hsu, Sarah J. Pack, and Michael G. Palumbo 1 According to the Federal Reserve Board’s Survey of Consumer Finances (SCF), in 2016 about 12 percent of American families’ monthly income was needed to cover payments associated with the various types of debt they owed–mostly mortgages, car loans, student loans, and…

Federal Reserve: Board Issues Report on the Economic Well-Being of U.S. Households

The Federal Reserve Board’s latest Report on the Economic Well-Being of U.S. Households finds that economic well-being has generally improved over the past five years. The report notes that 74 percent of adults reported they were doing at least OK financially in 2017‑‑up 10 percentage points from the first survey in 2013. Even so, notable…

CDFI Fund: Revised Opportunity Zones Resource Data Now Available

The U.S. Department of the Treasury has released revised information concerning census tracts that are eligible for nomination as Qualified Opportunity Zones (QOZs). Specifically, data in the Opportunity Zones Information Resource has been updated from information provided in a February 8, 2018, release to include all census tracts that meet the New Markets Tax Credit…