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Working Paper
Building a robust anti-poverty network in the Bay Area
The geography of race and class in the San Francisco Bay Area has shifted dramatically over the last decade, and suburban poverty is on the rise. The need for social services has grown in communities outside of the urban core, outpacing the abilities of anti-poverty organizations to provide assistance. Using eastern Contra Costa County as a case study, this paper outlines some of the challenges for the current anti-poverty network in suburban locales, and lays out a framework for building capacity to better meet the needs in these urban fringe areas.
Working Paper
Increasing financial capability among economically vulnerable youth: MY Path
The Make Your Path (MY Path) initiative provides disadvantaged youth with peer-led financial capability trainings, a savings account at a mainstream financial institution and incentives to set and meet savings goals. The program focuses on youth earning their first paycheck?a critical ?teachable moment? to promote savings and connect youth with mainstream financial products. In 2011-12, Mission SF Community Financial Center (Mission SF) tested MY Path by delivering its suite of services to ten agencies participating in San Francisco?s largest youth employment program, the Mayor?s Youth ...
Working Paper
Taking Stock of New Supermarkets in Food Deserts: Patterns in Development, Financing, and Health Promotion
Across the U.S., neighborhoods face disparate healthy food access, which has motivated federal, state, and local initiatives to develop supermarkets in ?food deserts.? Differences in the implementation of these initiatives are evident, including the presence of health programming, yet no comprehensive inventory of projects exists to assess their impact. Using a variety of data sources, this paper provides details on all supermarket developments under ?fresh food financing? regimes in the U.S. from 2004-2015, including information such as project location, financing, development, and the ...
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 ...
Working Paper
When Home is the Most Dangerous Place: How a Community Development Organization Learned to Get the Lead Out
The debacle of lead-poisoned children in Flint, Michigan reminded us of the insidious and permanent impact of this toxic poison on a child?s brain. However, millions of children (and seniors) living in older homes, especially ones with flaking paint, are still being lead poisoned. Today, the vast majority of children who become poisoned by lead come from lower-income families of color?those least able to shoulder this added burden. This is where community-based nonprofit organizations?especially the 1,000+ groups that weatherize and retrofit older homes across the country?can step in and play ...
Working Paper
Neighborhood Change and Residential Instability in Oakland
Affordable housing is critical to ensuring healthy and resilient communities and broad access to economic opportunity. In this report, we examine neighborhood change and residential instability in the City of Oakland over the past two decades. We employ multiple data sources, including individual-level data from the Federal Reserve Bank of New York Consumer Credit Panel/Equifax data. We analyze historical and contemporary data to understand patterns of residential instability, and we identify which residents and areas are most likely to experience heightened challenges in the context of the ...
Working Paper
What can we do to help? Adopting age-friendly banking to improve financial well-being for older adults
This paper explores age-friendly banking products and services that better protect and preserve the assets of an aging population. In order to examine the unique financial needs and increase the financial well-being of low-income older adults, the California Coalition for Rural Housing (CCRH) partnered with the National Community Reinvestment Coalition (NCRC) to conduct an intensive study of over 400 low-income tenants living in subsidized senior housing. CCRH and NCRC recommend that banks develop more affordable banking products for seniors on fixed-incomes, assist customers in applying for ...
Working Paper
CultureBank: A New Paradigm for Community Investment
Building on the concept of creative placemaking, this paper presents an idea for a Community Development Financial Institution organized around art: CultureBank. Housed at Yerba Buena Center for the Arts, this nonprofit bank will specialize in unleashing asset value in art collections and focus on artists as borrowers, or Artist-Entrepreneurs.
Working Paper
The enduring challenge of concentrated poverty in America: case study of Fresno, California
This report is an expanded version of a case study that appeared as one of 16 community profiles published in ?The Enduring Challenge of Concentrated Poverty in America: Case Studies from Communities Across the U.S.,? a joint project of the Community Affairs Offices of the Federal Reserve System and the Metropolitan Policy Program at the Brookings Institution. The intent of this publication is not to explain poverty causation; poor people, and the communities they live in, have been the subject of serious study and debate for decades. Rather, our goal is to add texture to our understanding of ...
Working Paper
Money in a Mobile Age: Emerging Trends in Consumers’ Financial Practices
Consumer finance practices globally are undergoing a transformation due to the increased mobility of people and the technologization of finance. This increasing mobility has the potential to deliver both positive and negative effects for consumers. On the one hand, it can expand consumer choice, increase access to product information, assist with financial literacy, and improve security. On the other hand, it may increase certain social and economic issues, such as fraud, user errors, learning difficulties, stress, and financial mismanagement. This paper discusses a range of issues that ...