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Not OP, but my guess would be that such a number would have come from pricing out equivalent services as those being provided. That is, providing discounted housing is not handing out money. But you could take the average discounted rent, and the average non-discounted rent, and come to an approximate cash-equivalent "value" of that discount.

Also, I find the direction of the article in your link interesting. That is, given this:

> Under TANF, states can spend welfare money on virtually any program aimed at one of four broad purposes: (1) assistance to needy families with children; (2) promoting job preparation and work; (3) preventing out-of-wedlock pregnancies; and (4) encouraging the formation of two-parent families.

I'm a little surprised to see this a couple paragraphs down:

> In 1998, nearly 60 percent of welfare spending was on cash benefits, categorized as “basic assistance.” By 2014, it was only about one-quarter of TANF spending. That shift has happened despite a burgeoning economics literature suggesting that direct cash transfers are in many cases the most efficient tool to fight poverty.

I don't see "fighting poverty" on the list of four things, so I'm not surprised that it got disincentivized.




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