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As data centers see a surge in demand because of generative AI, Henrico County, Virginia, shows how local governments can turn the economic gains of this new industry into sustainable funding for affordable housing.
Building More Homes Isn’t Enough to Solve the Housing Crisis Most cities don’t have enough affordable rental units for families with very low incomes. Even fewer have enough units that are affordable and available to these families.Amid Stubborn Inflation, Proposed Cuts to Medicaid and SNAP Would Negatively Affect Young Families’ Budgets and Well-Being Across the US, young families are struggling to afford basic needs like diapers. Cuts to safety net programs not only would further strain their budgets but could also affect the health of new moms and children under 6.Social Security Office Closures Will Hurt Rural and Tribal Communities Reductions to the Social Security Administration workforce and proposed office closures will hurt rural and tribal communities more because people in those areas live further from SSA offices and have more-limited internet access.Workforce Cuts to Federal Agencies Will Affect Communities Around the Country Layoffs at the largest federal agencies are likely to increase unemployment and reduce services to residents in communities nationwide.DC’s Unemployment Insurance Bill Could Increase by as Much as $1 Billion If Half the Federal Workforce Were Cut If half of federal civilian jobs were cut, the DC region’s unemployment rate would rise from 2.8 percent to 7.3 percent—creating ripple effects not just for residents and their families but also for state and local budgets.CDFIs Are Pillars of Local Economic Growth for Rural and Urban Communities Community development financial institutions are one of the most cost-effective tools available to federal policymakers, with every $1 in federal investment able to unlock $5 to $10 in additional private funding.
