{"id":6504,"date":"2023-03-08T18:03:11","date_gmt":"2023-03-08T18:03:11","guid":{"rendered":"https:\/\/affordablehousingonline.com\/blog\/?p=6504"},"modified":"2023-04-05T16:57:48","modified_gmt":"2023-04-05T16:57:48","slug":"snap-cuts-will-affect-16-million-families-report-says","status":"publish","type":"post","link":"https:\/\/affordablehousingonline.com\/blog\/snap-cuts-will-affect-16-million-families-report-says\/","title":{"rendered":"SNAP cuts will affect 16 million families, report says"},"content":{"rendered":"\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"628\" src=\"https:\/\/affordablehousingonline.com\/blog\/wp-content\/uploads\/2023\/03\/GroceryStore_1200.png\" alt=\"Close up image of a person pushing a shopping cart through a grocery store. Photo by Adobe Stock.\" class=\"wp-image-6505\" srcset=\"https:\/\/affordablehousingonline.com\/blog\/wp-content\/uploads\/2023\/03\/GroceryStore_1200.png 1200w, https:\/\/affordablehousingonline.com\/blog\/wp-content\/uploads\/2023\/03\/GroceryStore_1200-300x157.png 300w, https:\/\/affordablehousingonline.com\/blog\/wp-content\/uploads\/2023\/03\/GroceryStore_1200-768x402.png 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/figure>\n\n\n\n<p>An estimated 16 million families will face cuts in their Supplemental Nutrition Assistance Program (SNAP) benefits in March, <a title=\"Temporary Pandemic SNAP Benefits Will End in Remaining 35 States in March 2023 - Center on Budget and Policy Priorities\" href=\"https:\/\/www.cbpp.org\/research\/food-assistance\/temporary-pandemic-snap-benefits-will-end-in-remaining-35-states-in-march\">according to a report from the Center on Budget and Policy Priorities<\/a>.<\/p>\n\n\n\n<p>SNAP benefits were increased through Emergency Allotments during the pandemic. The boost in food assistance ended with the February allotments.<\/p>\n\n\n\n<p>The boost in SNAP benefits kept millions of families out of poverty during the pandemic. In the last quarter of 2021, the SNAP boost lifted 4.2 million people above poverty. It accounted for a 10% drop in poverty, and a 14% drop in child poverty.<\/p>\n\n\n\n<p class=\"has-text-align-center has-background\" style=\"background-color:#e0e0e0\">Keep scrolling for more top headlines in affordable housing this week \ud83d\udd3d<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-almost-3-4-of-american-communities-have-no-lihtc-housing\">Almost 3\/4 of American communities have no LIHTC housing<\/h4>\n\n\n\n<p>72% of municipalities nationwide lack affordable housing built with the Low-Income Housing Tax Credit Program (LIHTC). While the core cities in all major metropolitan areas have LIHTC housing, 3\/4 of all other municipalities have no such housing.<\/p>\n\n\n\n<p>These findings and others come from a <a title=\"The Geography of Absence: Cities, Towns, and Suburbs with No LIHTC Housing - Taylor &amp; Francis Online\" href=\"https:\/\/www.tandfonline.com\/doi\/full\/10.1080\/10511482.2023.2171740?utm_source=NLIHC+All+Subscribers&amp;utm_campaign=440b440501-memo_030623&amp;utm_medium=email&amp;utm_term=0_e090383b5e-440b440501-293265177&amp;ct=t(memo_030623)\">study published in <em>Housing Policy Debate<\/em><\/a>. The study examined where LIHTC housing has been built. They also compared the community characteristics of places with and without these affordable housing properties.&nbsp;<\/p>\n\n\n\n<p>The authors found substantial differences between communities that had affordable LIHTC rental housing and those that lacked LIHTC properties.<\/p>\n\n\n\n<p>Cities that have no affordable LIHTC housing are smaller, wealthier, whiter, and have less rental housing. Cities with affordable LIHTC housing have higher numbers of renters, higher population shares of people of color, and higher poverty rates.<\/p>\n\n\n\n<p>Over the last three decades, LIHTC has supported the vast majority of new affordable housing construction in the country.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Record high rental construction delayed by pandemic<\/h4>\n\n\n\n<p>The number of new multifamily units under construction is at a record high, but still falls behind the need for rental housing around the country.<\/p>\n\n\n\n<p><a title=\"Multifamily Housing Market to Weaken in 2023 while Remodeling Market to Remain Solid - National Association of Home Builders\" href=\"https:\/\/www.nahb.org\/news-and-economics\/press-releases\/2023\/01\/multifamily-housing-market-to-weaken-in-2023\">The National Association of Home Builders (NAHB) reports<\/a> that there are currently 943,000 multifamily units under construction. This is more than the total number of single-family homes being built, and the highest number since 1974.<\/p>\n\n\n\n<p>However, the large number of new apartments under construction does not mean that supply is starting to catch up with demand. Rather, it is the result of delays caused by the COVID-19 pandemic.<\/p>\n\n\n\n<p>The pandemic has disrupted supply chains. This has made it harder and more expensive for builders to get materials. The cost of wood, steel, and other building supplies has skyrocketed. A longstanding construction labor shortage has also been made worse by the pandemic.<\/p>\n\n\n\n<p>Construction delays mean that it will be quite some time before the availability of new rentals helps bring down rents.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Rural areas have extremely limited banking resources, data says<\/h4>\n\n\n\n<p>Although more than half of U.S. banks are headquartered in rural areas, these banks control a fraction of the nation\u2019s bank assets. Rural areas have also been hit hard by bank branch closures and are more likely to be \u201cbanking deserts.\u201d<\/p>\n\n\n\n<p>According to a Housing Assistance Council (HAC) tabulation of data from the Federal Deposit Insurance Corporation, 56% of banks are headquartered in rural areas. However, these banks hold only 6% of all bank assets nationally. You can see HAC\u2019s interactive graphic <a href=\"https:\/\/ruralhome.infogram.com\/fdic-banks-2022-1h7g6k0g5ml802o#msdynttrid=Ctpr10hKImBdlBn2xaoshlzjmyxaXZSvBlZ8PB_65f0\">here<\/a>.<\/p>\n\n\n\n<p><a title=\"Bank branch closures double during the pandemic, hurting poor and rural Americans - Affordable Housing Online\" href=\"https:\/\/affordablehousingonline.com\/blog\/bank-branch-closures-double-during-the-pandemic-hurting-poor-and-rural-americans\/\">Rural areas have been hit hard by bank branch closures during the pandemic<\/a>. The Federal Reserve has identified 2,100 \u201cbanking deserts\u201d in the country, places with limited access to physical banking services. Among these banking deserts, 1,500 are in rural areas.<\/p>\n\n\n\n<p>HAC\u2019s findings show that low-income rural families not only lack access to banking services, the banks that do serve them have fewer assets.<\/p>\n\n\n\n<p>Check back every Wednesday to get the latest affordable housing news from Affordable Housing Online!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An estimated 16 million families will face cuts in their SNAP benefits in March, and other news affecting low-income renters is summarized this week by AHO.<\/p>\n","protected":false},"author":7,"featured_media":6505,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SNAP cuts will affect 16 million families, report says | Affordable Housing Online<\/title>\n<meta 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