Why is the first instinct of every Democrat/Liberal to have Government subsidize everything? If the wages and cost of living were there people would come. Solve the problem, don't subsidize it and create more problems. Absolutely insane.
People who lack assets may not be able to afford to move, even if the wage/CoL balance would favor a different location discounting moving costs. Facilitating that through targeted lending (especially if the recipient would otherwise be drawing public benefits) is win/win/win: good for the government/public, food.for.the employer, good for employee.