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Agenda - Council - 09/13/2022
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Agenda - Council - 09/13/2022
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Council
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09/13/2022
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and waitresses and hotel clerks, that were heavily impacted by COVID-19.27 This measure is <br />targeted toward those at the bottom of the income distribution and thus helps to promote use of <br />SLFRF funds towards populations with the greatest needs. At the same time, with approximately <br />one -quarter of Americans below 185 percent of the poverty threshold, this approach is broad <br />enough to facilitate use of SLFRF funds across many jurisdictions.28 Because regions have <br />different cost and income levels, this definition also allows for upward adjustment based on AMI <br />for those regions where 40 percent of AMI exceeds 185 percent of FPG. The metric of 40 <br />percent of AMI is based on the midpoint of values often used to designate certain categories of <br />low-income households; specifically, it is the midpoint of the 30 percent income limit and the 50 <br />percent income limit used in programs such as the Community Development Block Grant <br />(CDBG) Program. <br />In defining moderate income, the final rule uses both the FPG and AMI to account for <br />national trends and regional differences. While there are different definitions of moderate <br />income, 300 percent of FPG falls within the range commonly used by researchers.29 Analysis of <br />median wages among a sample of occupations likely impacted by the pandemic also suggests <br />that an income cutoff of 300 percent of FPG would include many households with workers in <br />such occupations.30 Moreover, the metric of 300 percent of FPG covers households that, while <br />27 See U.S. Bureau of Labor Statistics, Occupational Employment and Wage Estimates, <br />https://www.bls.gov/oes/current/oes_nat.htm (last visited December 7, 2021). <br />28 U.S. Census Bureau, Poverty Status by State, https://www.census.gov/data/tables/time-series/demo/income- <br />poverty/cps-pov/pov-46.html (last visited December 7, 2021). <br />29 For instance, Melissa Kearney et al. (2013) cap the "struggling lower middle -income class" at 250 percent of the <br />federal poverty level, while Isabel Sawhill and Edward Rodrigue (2015) define the "middle class" as those with <br />incomes of at least 300 percent of the poverty line. Melissa Kearney et al., "A Dozen Facts about America's <br />Struggling Lower -Middle Class," The Hamilton Project (December 2013), <br />https ://www.hamiltonproj ect. org/assets/legacy/files/downloads_and_links/THP_ 12LowIncomeFacts_Final.pdf; <br />Isabel Sawhill and Edward Rodrigue, "An Agenda for Reducing Poverty and Improving Opportunity," Brookings <br />Institution, https://www.brookings.edu/wp-content/uploads/2016/07/Sawhill_FINAL.pdf. <br />30 Data on median annual wages from: U.S. Bureau of Labor and Statistics, Occupational Employment and Wage <br />Statistics, available at https://www.bls.gov/oes/current/oes_nat.htm (last visited December 7, 2021). <br />34 <br />
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