In order to afford a two-bedroom apartment in New Hampshire, a renter would need to work 2.8 minimum-wage jobs. The math breaks down like this: According to HUD’s Fair Market Rent documentation, a two-bedroom apartment will cost about $1,065 in New Hampshire. In order to spend only 30 percent of one’s income on rent, a [...]
How much does the value of your parents’ home predict where you go to college? More than one might think, economist Michael Lovenheim argues in a new working paper from the National Bureau of Economics. Until recently, mainstream assumptions gave a lot of credence to the notion that students need a lifetime of resources to [...]
After announcing New Hampshire’s share of a $43 billion multi-state settlement with the country’s biggest banks, the Granite State’s officially in waiting-game-mode. Although the settlement was announced in February, it didn’t get the official approval until April. Now, banks have to sift through paperwork, which could take months. As Jake Berry explains in the Nashua [...]
Since 2005, the number of foreclosures in New Hampshire has increased 700 percent. Last year, more than 3,800 families were forced out of their homes due to foreclosure. New Hampshire is one of 49 states that signed on to a settlement between the federal government and the country’s five largest lenders — Bank of America, Citi, Wellsfargo, Ally/GMAC, [...]
Good afternoon! As usual, we’ve got this week’s roundup of our top five posts. This week, they spanned a number of economic themes: How State Budget Cuts Hit Nursing For Sick Kids: NHPR’s Dan Gorenstein takes us inside the state’s process of evaluating how much Medicaid-funded nursing assistance New Hampshire’s most disabled kids get. Charting NH’s [...]
Periodically, StateImpact New Hampshire likes to check in with the Boston Fed to find out what forces analysts think are shaping the New England and national economies. And we stumbled onto this deceptively dry-titled little gem of a report by Robert Clifford: “State Foreclosure Prevention Efforts in New England: Mediation and Assistance.” This word cloud [...]
A new report released by the New Hampshire Housing and Finance Authority shows home foreclosures spiked in December 2011–up 35 percent from that November. Jane Law of the Housing Authority says foreclosures have been declining since their peak in 2010, and December’s jump might be an anomaly, “The biggest factor is just mortgage companies are [...]
One of the key consequences of the economic collapse a few years ago was the passage of a massive piece of legislation called the “Dodd-Frank Act.” The bill was co-sponsored by (now-retired) Democratic Senator Chris Dodd of Connecticut and (soon-to-be-retired) Democratic Massachusetts Representative Barney Frank. In a nutshell, their idea was to prevent another massive [...]
Today marked Governor John Lynch’s last State of the State address. And, as one might expect during a slow trudge toward recovery, the bulk of Lynch focused either directly or indirectly on the economy. Some of the key themes included issues that we’ve covered or put on the Watch List of our Ultimate Legislative Guide. [...]
As the New Hampshire legislature begins whittling down a bevy of economy-related bills, we thought it would be helpful to offer you a brief, on-going roundup of what we believe are some key economic issues the General Court will be looking at, and why. We’ve also included resources if you’d like to research and track [...]
StateImpact seeks to inform and engage local communities with broadcast and online news focused on how state government decisions affect your lives.
Learn More »