THE RECOVERY FUND AND HOUSING & HOMELESSNESSS:
The Coronavirus State and Local Fiscal Recovery Fund (Recovery Fund), part of the American Rescue Plan Act (ARPA), which NACo helped to develop and strongly advocated to pass, allocates $65.1 billion. These funds provide direct, flexible aid for every county, parish and borough in America. Counties are on the front lines in delivering this aid to residents and are a driving force connecting communities and strengthening the economy.
As directed by the ARPA and the U.S. Department of Treasury, counties can invest Recovery Funds into a broad range of programs, services and projects under five categories to: support the public health response; address negative economic impacts caused by COVID-19; replace lost revenue; provide premium pay to essential workers; and invest in water, sewer and broadband infrastructure.
Since the enactment of the ARPA, America’s counties have been working hard to develop Recovery Fund implementation plans that will help spur an equitable economic recovery across the nation. As sound financial stewards, counties are investing these critical Recovery Funds to ensure the health and well-being of our nation’s residents and the economic vitality of our local communities. Many counties are in the preliminary stages of development and implementation of Recovery Fund Plans. This report highlights county investments such as homelessness support services, rental assistance and affordable housing.
HOUSING AFFORDABILITY IS A RISING ISSUE ACROSS THE NATION
Across the nation, housing affordability is a rising issue. In over 600 counties, at least 50 percent of residents who rent have spent more than half their household income on housing.
Map: 2019, U.S. Census Bureau American Community Survey (ACS) 5 year estimates
COUNTIES PLAN TO INVEST RECOVERY FUNDS TO:
COUNTIES ARE INVESTING IN COMPREHENSIVE HOUSING SERVICES AND PROGRAMS
How will counties invest the funds? NACo analysis of 200 county ARPA Recovery Fund plans reveals county-designed investments in the community across key areas of need. These local priorities are found within county plans at the rate displayed in the chart, e.g. forty-three percent of county plans include investments in housing and homelessness services. The darker bars are the investment categories adjacent to housing that support the continuation and expansion of services in counties. The examples in this report further illustrate the allocations to support housing on the local level.