News & Updates from the Assets & Opportunity Network

California Section 8 Voucher Protections
Posted on 06/15/2016 by CFED

The California legislature is considering a bill that would increase affordable housing options for low-income families. The bill would prevent landlords from discriminating against renters using Section 8 vouchers. Under this bill, landlords could not advertise that they do not accept Section 8 vouchers or reject prospective renters based solely on their source of income. Read More

From Homelessness to Homeownership in Nine Months. It’s Possible
Posted on 05/10/2016 by CFED

This post originally appeared on Rooflines here. Earlier this month, I had the chance to speak at the annual conference of an organization new to CFED and our Innovations in Manufactured Homes (I’M HOME) program. Family Promise is a 30-year old national network of affiliates that aim to help homeless and low-income families through a comprehensive approach of direct services, education, and other tools. Through its network of 200 affiliates, the organization serves 50,000 people each year. What we see emerging is an example of how to think about our core work in affordable housing in a different way, one that recognizes the value of manufactured homes while addressing the comprehensive range of needs facing low-income families.… Read More

2016 ONAC Conference Registration
Posted on 03/15/2016 by Oklahoma Native Assets Coalition

We invite you to attend the 2016 Oklahoma Native Assets Coalition (ONAC) Conference, on Tuesday, July 12, 2016. The conference will be held at the Oklahoma History Center (located on the northeast corner of N.E. 23rd & Lincoln Boulevard, across the street from the Oklahoma Capitol), 800 Nazih Zuhdi Drive, Oklahoma City, OK 73105.

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16 Reasons to Raise Indiana's Minimum Wage in 2016
Posted on 03/09/2016 by Indiana Community Action Association

In Indiana, minimum wage workers are expected to live on $7.25 an hour. How can they do this? Well, the simple answer is they can't. Research shows that the current federal minimum wage, which Indiana uses, cannot sustain a family living on a basic needs budget, one that allows individuals and families to be self-sufficient without allowances for things like dining out or sending kids to after-school activities. To make up for their budget shortfalls, minimum wage workers must either work a ludicrous number of hours, as described in Reason 6, or rely on public, charitable, or family assistance.

Minimum wage workers putting in time on the job should be compensated for their hard work at a rate that enables them to be self-sufficient and have sufficient time to care for and spend with family. As productivity increased by 72.2% from 1973 to 2014, the typical worker's hourly wage increased by only 9.2% during the intervening 41 years. Simply from a worker productivity… Read More

Women in the Mid South Continue to Face Obstacles
Posted on 03/04/2016 by Jessica Shappley at Hope Policy Institute

To coincide with Women's History Month, all month the Hope Policy Institute will explore findings from a recently released report from the Institute for Women's Policy Research entitled Status of Women in the South. This report provides a comprehensive portrait of the status of women, particularly the status of women of color, in the southern states, on six different topic areas related to women's economic, political, health, and social status. The disparities explored in this report underscore the need for policies that create ladders of opportunity for women and families, particularly in high-poverty areas.

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IABG: Partner Spotlight: Center for Economic Progress
Posted on 03/03/2016 by Jody Blaylock at Heartland Alliance

During the 2016 tax season, the Center for Economic Progress (CEP) will help nearly 20,000 Illinoisans file their taxes. CEP is currently running 15 free Volunteer Income Tax Preparation (VITA) sites in Chicago, the suburbs, and Springfield, where hundreds of trained volunteers help people complete their tax return and claim vital tax credits.

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Mississippi Senate Passes High Cost Small Dollar Loan Bill
Posted on 03/02/2016

Today, the Mississippi Senate passed SB 2409, a bill that creates a new installment loan product for loans from $0-$2,500. The bill was passed in reaction to forthcoming rules by the Consumer Finance Protection Bureau for payday and auto title lending designed to protect consumers from getting stuck in high-cost small dollar loan products. If SB 2409 passes the Mississippi House and is signed into law, it will be costly for those who use it. The fee structure includes: Origination Fee of $5 or 1% of loan --- whichever is greater Handling fee of up to 25% per month Late fees of ten percent (10%) of the past-due amount; Default fees that may include attorney fees, court costs, and fees associated with the repossession, storage, preparation and sale of collateral. Of most concern are the high costs of borrowing money through this product and its structure, both of which --- if kept in the current form --- are likely to keep people in a long-term cycle of debt. Read More

Report: Income Inequality Keeps Some in ND from Getting Ahead
Posted on 02/29/2016

BISMARCK, N.D. --- State lawmakers have made progress in recent years, but could do more to help North Dakotans living in poverty, according to a new state by state report from the Center for American Progress.… Read More

2016 CSA Campaign Starts Strong With Parent Leadership
Posted on 02/08/2016

Last week, we convened 20 parent leaders with Community Organizing and Family Issues (COFI) to kick off the 2016 season of our Universal Children's Saving Account (CSA) Campaign. The parents are from different communities across Illinois, including East St. Louis, Chicago, Aurora, and Elgin, and they are all leading advocates in our CSA Campaign.… Read More

MI-BEST Secures Better Economic Outcomes for Mississippi's Working Poor Mothers
Posted on 12/07/2015

"In continuing my series exploring the implementation of MI-BEST in Mississippi, it is important to ensure that participation in the MI-BEST program is inclusive. It is especially important that women, particularly single moms, are able to participate in MI-BEST to support Mississippi families.… Read More

Building Financial Security in Newark, NJ
Posted on 11/09/2015

"Seventy percent of all Newark, NJ households,Aeithe highest of any major city in the nation,Aeido not have enough savings to live above the poverty level for more than three months should they lose their income. Households of color, those led by a single parent, or those led by someone without a college degree fare even worse. For too many of these families, an income disruption due to job loss, a medical emergency, or something even relatively minor as car repairs, can be devastating.… Read More

Mark's Story: Owing $15,000 for $2,500 in Loans
Posted on 11/07/2015

Mark has lived and worked in Chicago his entire life. For more than 42 years, he supported his family by working for the U.S. Postal Service. Since retiring, he spends time with his four children and 11 grandchildren and serves as an Ordained Senior Elder at his church.… Read More

College Savings Pilot Program Launches in Dallas Area
Posted on 10/28/2015

Kindergartners love money. And this is definitely an advantage in Texas since state law requires financial education to be taught to all Texas students starting in Kindergarten. I have a kindergartner this year that is constantly jumping off the bus singing loudly "a penny is worth 1, a nickel is worth 5, a dime is worth 10 and a quarter 25!" It is amazing how excited kids get when they begin learning about money. … Read More

3 Things I Learned About CSAs Last Week
Posted on 10/19/2015

"Last week, the [IABG team]( was in St. Louis participating in a conference about the 529 program and [Children's Savings Accounts]( The conference was hosted by the [Center for Household Financial Stability]( at the Federal Reserve Bank of St. Louis, and the [Center for Social Development]( at Washington University.… Read More

First Stop on the CSA Campaign: East St. Louis
Posted on 10/05/2015

"Earlier this month, we took the [campaign for universal Children's Savings Accounts in Illinois]( on the road, and our first stop was East St. Louis. It was the first of many CSA Learning Summits around the state that we're hosting with [Community Organizing and Family Issues (COFI)](… Read More

Too Many Mississippi Children Live in Families Struggling to Make Ends Meet
Posted on 10/05/2015

"Too many Mississippians struggled to make ends meet in 2014, according to new data released today from the U.S. Census Bureau, highlighting the need to invest in education at all levels so that Mississippians can build a secure future.… Read More

Black Income Levels Plummet 11% in KY
Posted on 09/23/2015

African Americans living in Kentucky saw their average yearly incomes drop by more than 11 percent in one year, according to U.S. Census Bureau data released this week. The poverty rate also rose for black Kentuckians at a rate four times more than the rest of the state from 2013 to 2014. Incoming President and CEO of the Louisville Urban League, Sadiqa Reynolds, looks at "urgency to create policies that will end cycles of poverty." [Read more]( Read More

Local and National Partnership Expands Economic Opportunities for Louisville's Disabled Community
Posted on 09/22/2015

Louisville's partnership formed 18 months ago with the National Disability Institute's (NDI) LEAD Center, Louisville Metro Community Services and Bank On Louisville led to a community collaborative bringing together disability advocates and representatives from the employment, financial services, workforce and asset development communities. [Read more]( Read More

Unshared Recovery: 46 Million Poor; Poverty Rate Unchanged
Posted on 09/22/2015

"Coalition on Human Needs by Lecia Imbery
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Prosperity Miami initiative kicks off in Overtown
Posted on 09/18/2015

###Local organizations launch effort to provide direct services and to increase civic engagement in Miami-Dade County neighborhoods… Read More

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