Proposed American Jobs Act Helps the Homeless

White House call on Thursday to review the plan
2:00 p.m. Eastern time on Thursday, September 22

President ObamaThe President’s proposed American Living Within Our Means and Investing in the Future includes approximately $450 billion worth of tax cuts and new initiatives to foster and promote job growth.

The legislation would fund teachers and public safety workers, modernize schools and other infrastructure, target job creation in low-income communities, provide extra help to long-term unemployed, youth, and other especially vulnerable groups, and protect the jobless with an extension of federal Unemployment Insurance.

Several of the initiatives would benefit people at risk of or experiencing homelessness including:

  • An initiative in the proposed legislation with the provision of $15 billion to build upon the Neighborhood Stabilization Program (NSP). The NSP currently allows city or state agencies to purchase foreclosed or abandoned properties that can be used to provide affordable housing for very low income people.
  • The creation of a new Pathways Back to Work Fund that would, among other things, build on the success of the Temporary Assistance for Needy Families (TANF) Emergency Contingency Fund (ECF) by supporting subsidized employment opportunities for unemployed low-income individuals.

Links:

Click here for more information on the proposal.

Click here for White House Fact Sheet about the President’s plan.

Click here to read the Full Obama Administration Proposal.

The legislation also includes $1.5 trillion in revenues from progressive sources as part of its 10-year deficit reduction plan and it makes cuts to various mandatory programs totaling $580 billion over ten years.

It is unclear if and when Congress will pass the American Jobs Act, either in whole or in part.
On Thursday, September 22 at 2:00 p.m., White House staff will be on a conference call with the Coalition for Human Needs to discuss the President’s New Deficit Reduction and Job Creation Plan. The number to call is 800-401-8436.
Listeners will be able to ask questions. Please take this opportunity to learn more and share your opinions with a White House policy expert.