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Update 2306-cash-transfers-homelessness.md
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amandagirard authored Dec 20, 2024
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image: /assets/img/project-images/2306.webp
image_alt_text: Money and a 1040 form
image-credit: https://dailymontanan.com/2022/11/16/revive-the-child-tax-credit-our-children-deserve-nothing-less/
analysis-plan:
analysis-plan: /assets/analysis/2306-decreasing-homelessness-with-cash-transfers-analysis-plan.pdf
abstract:
year: 2024
domain: Pandemic Relief and Recovery
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featured:
---
## What is the agency priority?
The COVID-19 pandemic created significant economic impacts for many families, such as job loss, reduction in income, and increased risk of homelessness.<sup>1</sup> In response, the U.S. Department of the Treasury administered the Coronavirus State and Local Fiscal Recovery Funds (SLFRF) program, authorized by the American Rescue Plan Act, which delivered $350 billion to state, territorial, local, and Tribal governments across the country.<sup>2</sup> The SLFRF program funding aims to address the unique needs of local communities and create a strong national economy. One county recipient allocated $10 million in SLFRF funding to administer an unconditional cash transfer program with the goals of increasing economic security and well-being, and preventing homelessness.<sup>3</sup>
The COVID-19 pandemic created significant economic impacts for many families, such as job loss, reduction in income, and increased risk of homelessness.<sup>1</sup> In response, the U.S. Department of the Treasury administered the Coronavirus State and Local Fiscal Recovery Funds (SLFRF) program, which delivered $350 billion to state, territorial, local, and Tribal governments across the country.<sup>2</sup> The SLFRF program funding aims to address the unique needs of local communities and create a strong national economy. One county recipient allocated $10 million in SLFRF funding to administer an unconditional cash transfer program with the goals of increasing economic security and well-being, and preventing homelessness.<sup>3</sup>

## What did we evaluate?
The county program used a lottery to allocate a one-time unconditional payment of $4,000 to 2,250 eligible applicants identified as individuals at risk of homelessness, low-income families, and seniors living in areas disproportionately affected by the pandemic. Other localities in the United States are beginning to adopt similar programs.<sup>4</sup> Although the literature on the effects in high income countries is just emerging, there is suggestive evidence that these programs decrease material hardship and homelessness for very low income populations.<sup>5,6</sup>
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