Search Results
Conference Paper
Improving evaluation and metrics in youth financial education
The Federal Reserve Bank of San Francisco, the Take Charge America Institute at the University of Arizona, and the Federal Reserve Bank of Minneapolis invited a small group of researchers and practitioners to discuss how to improve the evaluation and metrics of youth financial education programs. The meeting focused specifically on youth ? which we defined as individuals under the age of 25 ? in an effort to distinguish this effort from others that have discussed financial education research more broadly. The goal for the meeting was to help create a research agenda that would move the field ...
Journal Article
Community development and education: a shared future
An examination of the intersection between education and community development and how cross-sectoral efforts can improve achievement among low-income students.
Journal Article
Prize Linked Accounts for Youth (PLAY): a new approach to youth financial education and saving
Mission SF Community Financial Center, a nonprofit affiliate of the Mission SF Federal Credit Union in San Francisco, CA, has developed an innovative approach to teaching youth financial education and encouraging youth to save by awarding a prize linked to their savings behavior. This article looks at the experiences of youth in the first year of the pilot program, and summarizes the pilot?s successes and challenges in providing financial education to youth and encouraging them to reach their savings goals. Although the first year pilot was small, the initial results are encouraging. Youth ...
Journal Article
Foreword to Community Development Innovation Review, Volume 14, Issue 2, 2019
This issue of the Community Development Innovation Review explores the power of arts and culture to transform the practice of community development. Published in partnership with ArtPlace America and PolicyLink, this issue takes a deep dive into the lessons learned from the Community Development Investments program and offers reflections from industry leaders on the implications for the broader community development field. The diverse range of authors includes artists, community developers, bankers, and researchers, and their collective voices frame a rich conversation on how openness to the ...
Journal Article
Financial stress and its physical effects on individuals and communities
Everywhere you look, the symptoms of the current recession are clear: homes lost to foreclosure, job losses across almost every sector of the economy, dwindling retirement portfolios, and frozen credit markets. But the recession has also led to a number of other symptoms that haven?t been getting enough attention: headaches, backaches, ulcers, increased blood pressure, depression and anxiety, just to name a few. Extended periods of stress can take their toll on physical, mental, and emotional health, compounding the difficulties that many low- and moderate-income communities face during ...
Working Paper
Boosting the power of youth paychecks: integrating financial capability into youth employment programs
This paper summarizes the results of the first-ever quasi-experimental design study of a youth financial capability initiative seamlessly integrated into a youth workforce development program. MyPath Savings supports low-income working youth to bank, save, and build their financial confidence through a comprehensive model that includes financial education, goal-setting, and non-custodial accounts. MyPath provided technical assistance and training to prepare nonprofits to implement MyPath Savings, as well as to the financial institution partner, Self-Help Federal Credit Union, to ensure the ...
Journal Article
The rise of single family rentals in Arizona, California, and Nevada
The worst of the housing crisis may be behind us, but the recent housing market recovery opens up a number of new community development questions. Of particular concern is the potential impact of investor purchases of single-family residences, especially in hard-hit neighborhoods that experienced severe price depreciation and offered an abundant supply of distressed property. This Research Brief examines trends in rental housing composition in Arizona, California and Nevada and takes a closer look at local areas that have seen the fastest growth in single-family rentals. These three states ...
Working Paper
Financial education in San Francisco: a study of local practioners, service gaps and promising practices
The landscape of financial education services in San Francisco is broad, with multiple organizations offering services for diverse populations. However, until recently, there has been little effort to coordinate the many resources and organizations committed to promoting financial education. The recently formed San Francisco Financial Education Network is a collaborative group of nonprofit service providers, philanthropic funders, and local public sector representatives dedicated to improving the provision of financial education services in the city. Network participants agreed there is ...
Working Paper
Understanding community development needs through the CRA performance context
Community development efforts to revitalize low- and moderate-income neighborhoods should begin with an appropriate understanding of the needs and opportunities present within these communities. This sentiment is especially true of banks looking to fulfill their Community Reinvestment Act (CRA) obligations. A truly responsive and innovative CRA program should begin with the ?performance context,? or knowledge about the bank?s local markets, including the needs of the community as well as the opportunities that exist within the local network of resources and organizations. This paper attempts ...
Report
The fragility of finances. SF Fed Community Development's Laura Choi talks with President John Williams about creative placemaking, a neighborhood revitalization strategy that engages local artists and performers
In the 2015 annual report, What We've Learned...and why it matters, we discuss creative placemaking, a new concept that refers to the enhanced role art plays in our communities. We've learned that creating culturally relevant spaces, ones that are vibrant and attractive, increases a community?s economic potential. Creative placemaking taps into local artists and communities, ensuring culturally significant voices are represented and reflected.