This document summarizes John Powell's perspective on community and economic development in a global economy. It discusses how globalization has increased interconnection between labor markets, financial markets, and credit markets. It also discusses how structural inequality and institutional racism have created differential outcomes for communities. Specifically, it provides the example of how redlining and reverse redlining have created a dual credit system that has marginalized some communities and concentrated wealth in others. It advocates moving beyond just local strategies to adopt a more transformational and systemic approach that connects communities to opportunity in multiple domains like housing, education, employment through regional collaboration.
The document discusses the interconnected issues of fair housing and fair credit. It notes that unequal dual housing and credit markets developed together due to discriminatory policies like redlining. Moving forward, the document argues that reforming the financial system requires addressing its racial inequities and ensuring all communities have access to fair and affordable credit. Local context matters, so solutions require input from communities most affected by lending abuses and lack of access to financial services and homeownership opportunities.
Restructuring perspectives of poverty and building community resilienceJulietYoung4
Structural violence and collective trauma impact communities in Southwark, London. An intervention is proposed to address this by facilitating a community event celebrating life stories that challenge dominant narratives of deprivation. This aims to increase empowerment and community resilience. Risks include project failure reinforcing hopelessness, and outsiders not giving the community voice. Careful planning with community is needed.
Microfinance provides small loans to entrepreneurs who do not qualify for traditional bank loans, enabling them to start small businesses. While microfinance aims to help those in poverty, women face additional obstacles such as lack of assets and mobility. Targeting women can empower them economically and socially by increasing their incomes, confidence, and role in decision making. However, women still make up only about 60% of microfinance clients on average due to gender-based obstacles at individual, household, community and legal/policy levels. Greater efforts are needed to promote gender-sensitive microfinance practices that address these obstacles.
The document discusses challenges related to housing and social justice, particularly in the context of the foreclosure crisis. It notes that housing is important for access to opportunity and wealth accumulation. However, policies and practices like redlining, discriminatory lending, and racial steering have historically disadvantaged communities of color by limiting housing choice and access. The foreclosure crisis exacerbated existing inequities, stripping wealth and destabilizing neighborhoods. The document calls for responses that address both immediate needs and systemic reform to reshape neighborhoods and housing policies in an equitable manner.
This document discusses asset-based community development (ABCD), an approach that focuses on identifying and mobilizing community assets rather than focusing solely on needs and deficiencies. ABCD works from the principle that every individual and community has capacities, abilities, and gifts, and aims to inspire positive change from within communities by recognizing these assets. The document outlines the key tenants of ABCD and provides examples of how identifying and organizing local skills, talents, and resources has empowered communities to enact sustainable change from within. It also discusses the role of local groups, organizations, and enabling policy environments in supporting ABCD.
1. Pastor James Wuye and Imam Mohammed Ashafa transformed religious conflict in Nigeria by cooperating to promote peace instead of violence.
2. They established interfaith education programs and early warning systems to prevent tensions from escalating.
3. By bringing religious leaders together and engaging youth, their efforts have helped sustain peace in the regions where they work.
True integration goes beyond just representation and involves strengthening commitment to collaboratively identify inter-district best practices. It requires understanding how cumulative disadvantages interact within systems to place students of color at an early academic disadvantage. Moving from confusion to understanding and action on integration requires stressing its importance for developing effective citizens and social cohesion in an increasingly globalized world. It also means understanding that true integration positively accepts desegregation and involves genuine intergroup participation.
The document discusses debates around the disparate impact standard under the Fair Housing Act and how it can be an important tool to address discriminatory housing practices and policies that have discriminatory effects, even without evidence of intentional discrimination. It provides examples of housing policies and practices that could violate the FHA under a disparate impact theory, such as exclusionary zoning, lending practices, and insurance underwriting. It also discusses the burden shifting framework for analyzing disparate impact claims and the types of defenses available to defendants."
The document discusses the interconnected issues of fair housing and fair credit. It notes that unequal dual housing and credit markets developed together due to discriminatory policies like redlining. Moving forward, the document argues that reforming the financial system requires addressing its racial inequities and ensuring all communities have access to fair and affordable credit. Local context matters, so solutions require input from communities most affected by lending abuses and lack of access to financial services and homeownership opportunities.
Restructuring perspectives of poverty and building community resilienceJulietYoung4
Structural violence and collective trauma impact communities in Southwark, London. An intervention is proposed to address this by facilitating a community event celebrating life stories that challenge dominant narratives of deprivation. This aims to increase empowerment and community resilience. Risks include project failure reinforcing hopelessness, and outsiders not giving the community voice. Careful planning with community is needed.
Microfinance provides small loans to entrepreneurs who do not qualify for traditional bank loans, enabling them to start small businesses. While microfinance aims to help those in poverty, women face additional obstacles such as lack of assets and mobility. Targeting women can empower them economically and socially by increasing their incomes, confidence, and role in decision making. However, women still make up only about 60% of microfinance clients on average due to gender-based obstacles at individual, household, community and legal/policy levels. Greater efforts are needed to promote gender-sensitive microfinance practices that address these obstacles.
The document discusses challenges related to housing and social justice, particularly in the context of the foreclosure crisis. It notes that housing is important for access to opportunity and wealth accumulation. However, policies and practices like redlining, discriminatory lending, and racial steering have historically disadvantaged communities of color by limiting housing choice and access. The foreclosure crisis exacerbated existing inequities, stripping wealth and destabilizing neighborhoods. The document calls for responses that address both immediate needs and systemic reform to reshape neighborhoods and housing policies in an equitable manner.
This document discusses asset-based community development (ABCD), an approach that focuses on identifying and mobilizing community assets rather than focusing solely on needs and deficiencies. ABCD works from the principle that every individual and community has capacities, abilities, and gifts, and aims to inspire positive change from within communities by recognizing these assets. The document outlines the key tenants of ABCD and provides examples of how identifying and organizing local skills, talents, and resources has empowered communities to enact sustainable change from within. It also discusses the role of local groups, organizations, and enabling policy environments in supporting ABCD.
1. Pastor James Wuye and Imam Mohammed Ashafa transformed religious conflict in Nigeria by cooperating to promote peace instead of violence.
2. They established interfaith education programs and early warning systems to prevent tensions from escalating.
3. By bringing religious leaders together and engaging youth, their efforts have helped sustain peace in the regions where they work.
True integration goes beyond just representation and involves strengthening commitment to collaboratively identify inter-district best practices. It requires understanding how cumulative disadvantages interact within systems to place students of color at an early academic disadvantage. Moving from confusion to understanding and action on integration requires stressing its importance for developing effective citizens and social cohesion in an increasingly globalized world. It also means understanding that true integration positively accepts desegregation and involves genuine intergroup participation.
The document discusses debates around the disparate impact standard under the Fair Housing Act and how it can be an important tool to address discriminatory housing practices and policies that have discriminatory effects, even without evidence of intentional discrimination. It provides examples of housing policies and practices that could violate the FHA under a disparate impact theory, such as exclusionary zoning, lending practices, and insurance underwriting. It also discusses the burden shifting framework for analyzing disparate impact claims and the types of defenses available to defendants."
Global Facilitators Serving Communities was founded in 2002 as a 501c3 organization to support local efforts in facilitating sustainable change in communities and organizations in crisis. Their work has spanned a global reach in the United States, China, the Philippines and Latin America. Their impact has helped in Katrina in New Orleans, hurricanes and tornadoes in Asia and environmental disasters in Latin America. Contact them at info@globalfacilitators.org.
This document discusses the high interest rates paid by poor consumers in the US. It summarizes that:
1) Poor consumers often lack bank accounts and access to mainstream credit, so they rely on fringe lenders like pawn shops, rent-to-own stores, and payday lenders.
2) These fringe lenders charge extremely high interest rates, from 100-300% annually for things like pawn shop loans and title loans, and up to 3000% for payday loans.
3) Despite biblical prohibitions on usury (lending with interest), modern attitudes accept interest as normal, yet ironically the poor still pay the highest rates.
A Critique on the Empirics of Microfinance by Niels Hermes and Robert LensinkCypran Akubude
The piece of work is a critique about an article written by two authors, that is Niels Hermes and Robert Lensink. The work looks at the relevance of microfinance in the developing countries and how it can help alleviate poverty.
John A. Powell discussed structural racialization and opportunity in Seattle. He explained that structural racialization involves mutually reinforcing policies and institutions that restrict opportunity and perpetuate racial disparities, often through spatial segregation. Considering how institutions interact as systems is important to understand opportunity and racialized outcomes. Analyzing specific regions requires thinking about structures and social relationships that mediate access to resources like housing, employment, education and transportation.
The document discusses mental health and how society should respond. It argues that mental health is produced socially and influenced by factors like inequality, poverty, and quality of social relationships. A fair response needs to reduce inequalities, provide meaningful social roles and activities, build social support networks, and treat those with mental health issues with respect as part of the human experience rather than a moral failure.
This document summarizes a forum on fair housing and fair lending hosted by the Kirwan Institute. The agenda included presentations by Kirwan on framing fair housing issues, an opportunity mapping project for King County, and training on affirmatively furthering fair housing. Background research on the subprime lending crisis was discussed, showing its disproportionate impact on communities of color and connection to historical practices like redlining. The Kirwan Institute has commissioned several research projects related to access to fair financial options, community revitalization, and programs responding to the crisis. Issues discussed included overdraft fees, remittances markets, and the impact of foreclosures on rental communities and Native American populations.
The document outlines the International Federation of Red Cross and Red Crescent Societies' (IFRC) Strategy 2020. It summarizes the achievements and lessons learned from Strategy 2010. Strategy 2020 aims to streamline efforts, recognize development work, build strong National Societies, clarify the auxiliary role, and have more open partnerships. The strategy has three goals: save lives from disasters, enable healthy living, and promote social inclusion. It also outlines three enabling actions: build National Society capacities, pursue humanitarian diplomacy, and function effectively as the IFRC.
In this second annual survey, more than one hundred philanthropic leaders from across the United States shared their wisdom and insights about giving in the year ahead. The data provided in this Dini Partners’ survey report is encouraging and demonstrates the critical thinking that undergirds philanthropy in these challenging times.
From the valued impressions and insights that were shared, we have made recommendations to assist nonprofit leaders and volunteers. It is our hope that this survey report will help institutions continue to succeed in fundraising and mission advancement as our national and regional economies continue to recover.
www.dinipartners.com
Mayor Rawlings was presented with information about the Ferguson Road Initiative (FRI) during a presentation at the White Rock Hills Library. FRI is a community organization working to improve the Far East Dallas area through initiatives focused on youth and family development, community empowerment, and economic revitalization. The presentation highlighted FRI's accomplishments in reducing crime, improving schools, and attracting investments, as well as its vision for future projects like a new community recreation center.
this slide contains some definition of social capital, types of social capital, dimensions, advantages and also disadvantages of social capital also you can find how social capital works
Can the Privatization of Foreign Aid Enhance Accountability - Devesh Kapur an...dbw001
This document discusses accountability in foreign aid and how the emergence of private foreign aid may impact accountability. It notes that accountability in foreign aid is challenging due to information asymmetries between donors and aid organizations. It then examines how new private aid platforms using technology are attempting to enhance accountability through mechanisms like rating service providers, remote monitoring, and community feedback. These new approaches aim to give beneficiaries a greater voice and provide information to shape donor behavior. However, the document cautions that accountability alone does not guarantee better outcomes and may amplify the complexities of development efforts. It argues that private aid should complement rather than replace governments, and that it could encourage governments to improve services through demonstration, competition, and by empowering local communities.
This document discusses building a "Big Society" with less reliance on the state and more emphasis on personal and social responsibility. It proposes a society with high levels of decentralization and localism, where individuals, communities, and local authorities have more power and resources. The central government would take a reduced role by providing fewer programs and targets and intervening only when necessary. Key aspects of the Big Society vision include strong local institutions, transparent data to hold providers accountable, community ownership of assets, support for social enterprises and charities, and improved access to finance for local initiatives. The document raises questions about how and how quickly this transition could occur.
Over the past year, we featured the wittiest, most contentious and most insightful sound bites on global development in our publications and posted them on our social media channels. You’ve liked and shared them on Facebook; on that basis, and along with our own favorites, we compiled the 15 most memorable Devex Quotables of 2012.
Auditing Profession – Global Development And Key IssuesNik Hasyudeen
The document discusses the auditing profession in Malaysia, global developments, and key issues moving forward. It provides details on the number of accountants and audit firms in Malaysia. Important elements that determine audit quality are the auditors, firms, legislative framework, and standards. Global auditing standards are set by the IAASB. Audit quality review in Malaysia is conducted by MIA through practice reviews. The expectation of high audit quality remains given investor interest in financial statements. Maintaining audit quality will be challenging as business becomes more global and complex.
The eBooks you create have the potential to become an important pillar in your content marketing mix.
Do it right and these high-converting "lead magnets" can continue to work for your content marketing machine long after the average blog post has ran out of steam.
But first, we need to move past the assumption that great eBooks are merely written and start building them with all the right parts!
This document is a guide to free resources for creating visually impressive presentations. It provides direct links to websites for free fonts, colors, icons, photos, backgrounds, charts, infographics, PSD/vector files, inspiration, and extras. The guide aims to provide creative people with everything they might need for their design process. It encourages using the resources to complement unique creativity and create designs for all to share.
Three business basics to always remember! People don't care about your brand. They care about what you can do for them. Back to basics... Give people what they want, do it consistently and do it better than your competition.
Using icons is a great way to add visuals to your presentation. There are many ways to get icons online, some are even free. But if you need a specific icon that you can’t find or if you want a special spin to your icon (color, shadow etc) – you can use PowerPoint’s great (and somewhat hidden) “Merge Shapes” commands to create your own icons.
Using these commands you can combine basic shapes into other shapes. You can union and subtract shapes. You can intersect and combine. All while still working natively inside PowerPoint. Once you have created an icon you can change the color, filling and add shadows as needed.
It is just as fun as building with Lego blocks! Well, almost..
This is a guide in 15 steps showing you how you can use these commands to create your own icon - the example we are using is a calendar icon.
Global Facilitators Serving Communities was founded in 2002 as a 501c3 organization to support local efforts in facilitating sustainable change in communities and organizations in crisis. Their work has spanned a global reach in the United States, China, the Philippines and Latin America. Their impact has helped in Katrina in New Orleans, hurricanes and tornadoes in Asia and environmental disasters in Latin America. Contact them at info@globalfacilitators.org.
This document discusses the high interest rates paid by poor consumers in the US. It summarizes that:
1) Poor consumers often lack bank accounts and access to mainstream credit, so they rely on fringe lenders like pawn shops, rent-to-own stores, and payday lenders.
2) These fringe lenders charge extremely high interest rates, from 100-300% annually for things like pawn shop loans and title loans, and up to 3000% for payday loans.
3) Despite biblical prohibitions on usury (lending with interest), modern attitudes accept interest as normal, yet ironically the poor still pay the highest rates.
A Critique on the Empirics of Microfinance by Niels Hermes and Robert LensinkCypran Akubude
The piece of work is a critique about an article written by two authors, that is Niels Hermes and Robert Lensink. The work looks at the relevance of microfinance in the developing countries and how it can help alleviate poverty.
John A. Powell discussed structural racialization and opportunity in Seattle. He explained that structural racialization involves mutually reinforcing policies and institutions that restrict opportunity and perpetuate racial disparities, often through spatial segregation. Considering how institutions interact as systems is important to understand opportunity and racialized outcomes. Analyzing specific regions requires thinking about structures and social relationships that mediate access to resources like housing, employment, education and transportation.
The document discusses mental health and how society should respond. It argues that mental health is produced socially and influenced by factors like inequality, poverty, and quality of social relationships. A fair response needs to reduce inequalities, provide meaningful social roles and activities, build social support networks, and treat those with mental health issues with respect as part of the human experience rather than a moral failure.
This document summarizes a forum on fair housing and fair lending hosted by the Kirwan Institute. The agenda included presentations by Kirwan on framing fair housing issues, an opportunity mapping project for King County, and training on affirmatively furthering fair housing. Background research on the subprime lending crisis was discussed, showing its disproportionate impact on communities of color and connection to historical practices like redlining. The Kirwan Institute has commissioned several research projects related to access to fair financial options, community revitalization, and programs responding to the crisis. Issues discussed included overdraft fees, remittances markets, and the impact of foreclosures on rental communities and Native American populations.
The document outlines the International Federation of Red Cross and Red Crescent Societies' (IFRC) Strategy 2020. It summarizes the achievements and lessons learned from Strategy 2010. Strategy 2020 aims to streamline efforts, recognize development work, build strong National Societies, clarify the auxiliary role, and have more open partnerships. The strategy has three goals: save lives from disasters, enable healthy living, and promote social inclusion. It also outlines three enabling actions: build National Society capacities, pursue humanitarian diplomacy, and function effectively as the IFRC.
In this second annual survey, more than one hundred philanthropic leaders from across the United States shared their wisdom and insights about giving in the year ahead. The data provided in this Dini Partners’ survey report is encouraging and demonstrates the critical thinking that undergirds philanthropy in these challenging times.
From the valued impressions and insights that were shared, we have made recommendations to assist nonprofit leaders and volunteers. It is our hope that this survey report will help institutions continue to succeed in fundraising and mission advancement as our national and regional economies continue to recover.
www.dinipartners.com
Mayor Rawlings was presented with information about the Ferguson Road Initiative (FRI) during a presentation at the White Rock Hills Library. FRI is a community organization working to improve the Far East Dallas area through initiatives focused on youth and family development, community empowerment, and economic revitalization. The presentation highlighted FRI's accomplishments in reducing crime, improving schools, and attracting investments, as well as its vision for future projects like a new community recreation center.
this slide contains some definition of social capital, types of social capital, dimensions, advantages and also disadvantages of social capital also you can find how social capital works
Can the Privatization of Foreign Aid Enhance Accountability - Devesh Kapur an...dbw001
This document discusses accountability in foreign aid and how the emergence of private foreign aid may impact accountability. It notes that accountability in foreign aid is challenging due to information asymmetries between donors and aid organizations. It then examines how new private aid platforms using technology are attempting to enhance accountability through mechanisms like rating service providers, remote monitoring, and community feedback. These new approaches aim to give beneficiaries a greater voice and provide information to shape donor behavior. However, the document cautions that accountability alone does not guarantee better outcomes and may amplify the complexities of development efforts. It argues that private aid should complement rather than replace governments, and that it could encourage governments to improve services through demonstration, competition, and by empowering local communities.
This document discusses building a "Big Society" with less reliance on the state and more emphasis on personal and social responsibility. It proposes a society with high levels of decentralization and localism, where individuals, communities, and local authorities have more power and resources. The central government would take a reduced role by providing fewer programs and targets and intervening only when necessary. Key aspects of the Big Society vision include strong local institutions, transparent data to hold providers accountable, community ownership of assets, support for social enterprises and charities, and improved access to finance for local initiatives. The document raises questions about how and how quickly this transition could occur.
Over the past year, we featured the wittiest, most contentious and most insightful sound bites on global development in our publications and posted them on our social media channels. You’ve liked and shared them on Facebook; on that basis, and along with our own favorites, we compiled the 15 most memorable Devex Quotables of 2012.
Auditing Profession – Global Development And Key IssuesNik Hasyudeen
The document discusses the auditing profession in Malaysia, global developments, and key issues moving forward. It provides details on the number of accountants and audit firms in Malaysia. Important elements that determine audit quality are the auditors, firms, legislative framework, and standards. Global auditing standards are set by the IAASB. Audit quality review in Malaysia is conducted by MIA through practice reviews. The expectation of high audit quality remains given investor interest in financial statements. Maintaining audit quality will be challenging as business becomes more global and complex.
The eBooks you create have the potential to become an important pillar in your content marketing mix.
Do it right and these high-converting "lead magnets" can continue to work for your content marketing machine long after the average blog post has ran out of steam.
But first, we need to move past the assumption that great eBooks are merely written and start building them with all the right parts!
This document is a guide to free resources for creating visually impressive presentations. It provides direct links to websites for free fonts, colors, icons, photos, backgrounds, charts, infographics, PSD/vector files, inspiration, and extras. The guide aims to provide creative people with everything they might need for their design process. It encourages using the resources to complement unique creativity and create designs for all to share.
Three business basics to always remember! People don't care about your brand. They care about what you can do for them. Back to basics... Give people what they want, do it consistently and do it better than your competition.
Using icons is a great way to add visuals to your presentation. There are many ways to get icons online, some are even free. But if you need a specific icon that you can’t find or if you want a special spin to your icon (color, shadow etc) – you can use PowerPoint’s great (and somewhat hidden) “Merge Shapes” commands to create your own icons.
Using these commands you can combine basic shapes into other shapes. You can union and subtract shapes. You can intersect and combine. All while still working natively inside PowerPoint. Once you have created an icon you can change the color, filling and add shadows as needed.
It is just as fun as building with Lego blocks! Well, almost..
This is a guide in 15 steps showing you how you can use these commands to create your own icon - the example we are using is a calendar icon.
10 Disruptive Quotes for EntrepreneursGuy Kawasaki
People think that innovation happens by sitting around with your buddies and letting magical ideas pop into your head. Or, your customers tell you exactly what they need, and you just have to build it.
Dream on. Innovation is a hard, messy process with no shortcuts. It starts with making something that you’d like to use and that might make people’s lives better. Then you have to get the word out that your product or service exists.
Follow #VirginDisruptors to join the conversation with Richard Branson and Guy Kawasaki as they talk about whether entrepreneurs have lost the will to innovate.
The Live Google+ Hangout with Richard Branson will be live streamed on Friday, May 9 at 9:30 am PT/12:30 pm PT with a live audience as well. It’s sure to generate a thoughtful conversation and innovative thinking. RSVP on the Google+ event to get a reminder. http://bit.ly/1mgP0b6
Go Viral on the Social Web: The Definitive How-To guide!XPLAIN
Creating a Viral Content success story has no recipe. It has a lot of variables, not all of which can be controlled by a Brand. However, this deck offers you the ideal How-To approach in creating tasteful, inspired Content that will help your message stand out from the information noise on Social Web and make people eager to share it around.
You and I have wasted enough time on PowerPoint Presentations. It's a necessary evil, but there are much better ways to approach it. Based off a talk I gave @ APTS. Enjoy!
This document discusses Flyer, a startup that aims to disrupt the commercial real estate marketing industry. Flyer wants to make the process faster, smarter, and better through the use of digital tools like web and social media. Currently a $500 billion industry, commercial real estate transactions present an opportunity for Flyer to capture part of the $30 billion spent annually on marketing through a business model that partners with brokers.
This is the first SlideShare adaption of Timothy E. Johansson's 100 Growth Hacks in 100 Days. The growth hacks that's included in the slide are 1 to 10. Timothy is the front-end developer at UserApp (www.userapp.io).
This deck contains slides I have used in live talks that (more or less) are simple and contain quite a bit of empty space. The first set are some before/after examples, followed by a random sample. This deck is not meant to tell a story -- this is just a way to show some random examples. The meaning of the slides may not be at all clear without the narration that goes with the slides.
The document discusses how social media has changed marketing and created opportunities for personal branding. It notes that 20 years ago, marketing involved newspapers and television but today focuses on social media platforms like Twitter, Facebook, and LinkedIn. The document encourages developing a personal brand on these channels, being responsive to customers, positioning oneself as a thought leader, and using one's brand to find or create the perfect job. It presents social media as a great equalizer that allows anyone to build their own future.
The document describes a series of sessions for start-ups on marketing and advertising tools. It will include 5 sessions over June and July on topics like creating a brand model, getting traffic, content creation, and data analysis tools. It also provides information on various free and paid tools for analyzing market categories, competitors, consumers, websites, and social media. Key tools highlighted include Admetricks, Statista, SimilarWeb, Ahrefs, Google Consumer Surveys, and Moz.
The document provides 10 timeless productivity hacks that will make you more productive. Some of the key hacks include: defining your most important tasks each day; focusing on one task at a time instead of multitasking; creating a morning routine; limiting distractions like social media; prioritizing important work; batching similar tasks; eliminating unnecessary tasks; and doing the task you are most likely to procrastinate first. Following these simple habits can improve overall productivity without needing a complex system.
How to Pitch B2B? Do you have an awesome product? Doing the same old sales presentation? Improve your pitch by following these 9 steps and win more business.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help boost feelings of calmness, happiness and focus.
This document summarizes a presentation given at the Annual Conference of the CT Housing Coalition on October 7, 2009 in Hartford, CT. The presentation focused on fair housing and fair credit, and how the issues are interconnected. It discussed how the evolution of global finance has occurred against and impacts racially and economically segregated neighborhoods. Fair housing and fair credit were presented as issues that affect all communities but require targeted attention to marginalized groups.
This document discusses creating momentum for transformative change by addressing racialized structures of opportunity. It notes that John Powell is the director of the Kirwan Institute and discusses his background growing up in a low opportunity structure in Detroit. It argues that opportunity is not equally available to all people and is often racialized, with people of color more likely to live in areas with little opportunity due to factors like segregation and concentrated poverty. These low opportunity structures can significantly impact life outcomes. The document advocates taking a systemic view of these issues rather than focusing only on individual factors.
The document discusses the housing crisis and foreclosure epidemic in Ohio and the United States. It summarizes that foreclosures have been increasing in Ohio since 1995 and that as of mid-2009, Ohio ranked 8th in the nation for foreclosure activity. It also shows maps that demonstrate the concentration of high-risk mortgage loans and foreclosures in low-income communities and communities of color. The document argues that these communities were targeted by predatory lending practices and that historical practices like redlining contributed to the conditions that made these areas vulnerable. It calls for rescue of homeowners, revitalization of hard-hit neighborhoods, and reform of the financial system and access to credit.
The document discusses a partnership between the Kirwan Institute and the W.K. Kellogg Foundation to advance fair housing and fair credit initiatives. It outlines an agenda for a roundtable meeting to get feedback on challenges in Detroit related to fair housing and credit. The Kirwan Institute does research on expanding opportunities for marginalized communities. The initiative aims to improve access to fair financial options, community revitalization, and opportunity-based housing while ensuring programs responding to the subprime crisis reach those most affected.
This document summarizes a forum hosted by the Greater New Orleans Fair Housing Action Center on fair housing and fair lending after the subprime lending crisis. It provides an agenda for engaging participants to discuss fair housing and credit challenges in New Orleans and incorporate feedback into a broader blueprint. It discusses research presented on the disproportionate impacts of subprime lending and foreclosures on communities of color. Participants discussed barriers and solutions around access to fair credit, community revitalization, and opportunity-based housing.
The document discusses the origins and impacts of the economic crisis and moving forward with justice. It summarizes that deregulation in the 1980s and the rise of real estate values led to asset-based lending and the subprime mortgage market. Mortgage companies bundled loans and sold them on secondary markets. Wall Street demand for mortgages as collateral fueled subprime lending. Communities of color faced segregation and predatory lending. The document calls for systems thinking in legal advocacy to address the root causes, building coalitions, and moving towards an equitable recovery that helps those most in need and ensures opportunity for all.
The document discusses leveraging social capital and community relationships to increase access to housing improvement solutions for the world's poorest populations. It recommends that Habitat for Humanity leverage the strengths of community ties and partnerships. It analyzes Habitat for Humanity's current model and limitations in reaching 50 million people in 10 years. The document proposes harnessing social capital through social capital firms and microfinance institutions to identify construction needs and connect communities.
The document discusses the disproportionate impacts of the housing and foreclosure crisis on communities of color. It describes how predatory lending practices like redlining and reverse redlining historically targeted minority neighborhoods and led to higher rates of subprime loans, predatory terms, and foreclosures. The crisis has exacerbated existing inequalities, with people of color facing massive losses of wealth, assets, and neighborhood stability as a result of the surge in foreclosures. The impacts demonstrate the need for systemic solutions that address both historic injustices and the interconnected global factors that drove the crisis.
The document discusses solutions to the affordable housing crisis by expanding sustainable homeownership opportunities. It argues that tight credit guidelines since the crisis have disproportionately impacted lower-income communities and reduced access to affordable mortgages. The document advocates returning to more community-based, relationship lending as practiced under the Community Reinvestment Act (CRA), citing evidence that CRA loans performed better during the crisis. Expanding sustainable homeownership through responsible lending that provides long-term, fixed-rate loans could boost mobility, jobs and the economy while avoiding a repeat of the crisis.
This document provides resources for learning about predatory lending and shopping for a mortgage. It defines predatory lending as involving excessive fees and penalties that strip wealth from borrowers. Fees above 5% of the loan amount and prepayment penalties included in most subprime loans are highlighted as issues. The document lists several organizations that provide information on predatory lending, home buying, mortgages, and credit reports to help consumers make informed decisions.
Predatory lending refers to excessive lending practices that strip wealth from borrowers. Hallmarks include high fees over 5% of the loan amount and excessive prepayment penalties. It is wise for borrowers to understand loan terms like fees, prepayment penalties, and how interest rates on adjustable rate mortgages (ARMs) can change. Resources for researching lending practices and understanding mortgage options are provided.
Predatory lending involves abusive practices that exploit borrowers, often with subprime credit. Some signs of predatory loans include excessively high interest rates and fees, misleading terms, and loans that start with low payments that rapidly increase over time. To avoid predatory loans, home buyers should carefully compare loan options, ask questions about rates, fees, and long-term affordability, and work with reputable lenders and real estate agents.
Mortgage fraud is one of the fastest growing crimes in the United States, with three categories including fraud for housing, fraud for profit, and fraud for criminal enterprise. Fraud for profit schemes involve multiple industry professionals inflating property values and creating fake credit profiles for profit. Measuring risk in the housing market is difficult and often leads to underestimating risk in booms and overestimating it in recessions, contributing to issues.
Funding Your Social Enterprise: Approaches & Resources for NonprofitsMargaret Stangl
The document discusses various approaches and funding resources for social enterprises and nonprofits, including loans from community development financial institutions, program-related investments from foundations, and mission-related investments that align with a foundation's goals. It provides examples of specific social enterprises, their models and financing approaches. The webinar addresses common questions around accessing capital through grants, debt, and equity.
This document summarizes David Berenbaum's presentation on holding Wall Street accountable to protect families and communities. The presentation discusses the role of securitization in the mortgage crisis and discriminatory lending practices. It provides examples of NCRC investigations that found lenders imposing minimum loan amounts and credit score requirements in violation of fair lending laws. The presentation aims to explore legal and policy strategies for addressing issues surrounding mortgage-backed securities and unequal treatment in credit markets.
The document provides an overview of the role of legal advocates in the 21st century. It discusses how communities and problems faced by clients are increasingly complex and interconnected due to factors like globalization, structural inequality, and spatial and racial segregation. It argues that advocates need to adopt a systems perspective to address the root causes of issues rather than just their symptoms. Examples are provided of systemic approaches including opportunity mapping, legislative advocacy, impact litigation, and addressing the cumulative impacts of policies on marginalized groups. The role of advocates is shifting from individual representation to holistic systemic advocacy that tackles the interactive institutions and structures producing racialized outcomes.
Thriving in Turbulent Times: Maximizing Your Success in the New Social Enviro...Wellesley Institute
This presentation looks at social innovation and social entrepreneurship models as opportunities for organizations to survive and thrive.
Rick Blickstead, CEO of the Wellesley Institute
Michael Shapcott, Director of Housing and Innovation
Aerin Guy
www.wellesleyinstitute.com
Follow us on twitter @wellesleyWI
Regionalism and Regional Equity: Applications for the Detroit Region
John A. Powell argues that regionalism focused on equity can help address challenges facing Detroit and other rust belt cities from sprawl, segregation, and economic change. Structural racism led to fragmented development and uneven access to opportunity. Equitable regionalism could promote inclusive growth through coordinated strategies across communities for housing, education, transportation and other areas to connect residents to regional opportunities. Principles include reducing competition between communities and strategically managing development to expand access to resources for all. Housing is highlighted as a key leverage point to link families to high-quality schools, jobs, services and civic participation. Regional cooperation requires overcoming resistance through inclusive leadership and addressing concerns about
Blended Financing for Impact: The Opportunity for Social Finance in Supportiv...Social Finance
This presentation provided an overview of social finance and its potential application to supportive housing in Canada. It defined social finance as investments that generate both social impact and financial returns. The presentation noted there is significant demand for new supportive housing that exceeds current government funding. It highlighted examples of social finance used for affordable housing projects and discussed challenges and opportunities for supportive housing providers to utilize social finance. Priority actions were suggested for various stakeholders to help acquire or develop more supportive housing units, such as establishing a national housing development corporation or capital fundraising campaign. The presentation concluded by providing information on additional resources available to learn more.
Similar to Perspectives on Community and Economic Development in a Global Economy (20)
The Kirwan Institute’s past year was marked by wide-ranging accomplishments which touched all three U.S. coastlines and many areas in between, with significant impact right here at The Ohio State University.
This document summarizes a presentation on broadband availability and its relationship to race, income, and location. It explores these relationships through case studies of Los Angeles, Chicago, and South Carolina. The main findings are that income was a more significant determinant of broadband deployment than race alone, availability varies between urban and rural areas, and adoption remains an issue even with some level of competition and availability. Going forward, the researchers intend to further examine availability versus adoption, the role of cost and service type, and speed. Data and technical challenges for the analysis are also discussed.
This document discusses the role of federal policy in promoting or limiting opportunities for low-income people and people of color in America. It provides historical examples of how policies around schooling, housing, transportation and lending influenced racial inequities that persist today. It also examines unemployment insurance and finds that while Black and Latino Americans face higher unemployment rates, they are underrepresented among recipients of unemployment benefits compared to their share of the unemployed population. Geographic distribution of minority groups in states with less generous unemployment systems as well as ineligibility factors may partially explain these disparities.
The document summarizes a talk given by John Powell on structural racialization. Powell discusses how, despite the election of Barack Obama, racial inequalities persist in areas like education and the criminal justice system. He argues that prematurely declaring a post-racial status ignores the continued barriers that marginalized groups face. Powell also examines how implicit biases, institutional arrangements, and public policies have collectively contributed to ongoing racial disparities, even without explicitly racist actors.
This document provides recommendations for updating Ohio's 1980 diversity policy. It recommends reaffirming commitment to diversity and reducing racial isolation. It also recommends supporting voluntary diversity policies, conducting diversity assessments of new schools/closures, diversifying staff, expanding diversity training, limiting zero tolerance policies, expanding successful magnet programs, monitoring referral rates and representation in advanced courses, and promoting comprehensive counseling programs. The goal is to foster inclusive, equitable and diverse learning environments.
The document discusses using a targeted universalism approach to promote racial equity by changing the geography of opportunity. It provides examples of how targeted universal policies in Portland and the Neighborhood Stabilization Program invested in communities hardest hit by crises while also providing access to higher opportunity areas. The document advocates for a multi-faceted approach including opportunity mapping to coordinate regional investments in people, places, and connections to expand access to high opportunity communities.
This document summarizes the history of school desegregation efforts in the United States following the 1954 Brown v. Board of Education Supreme Court decision that ruled racial segregation in public schools was unconstitutional. It discusses the phases of desegregation including massive resistance in the South, courts enforcing desegregation through rulings like Green v. County School Board and Swann v. Charlotte-Mecklenberg, desegregation moving to northern states through cases like Keyes v. School District No. 1 and Penick v. Columbus Board of Education, and the limiting of desegregation through rulings like Milliken v. Bradley. It also examines trends of resegregation and the impacts of segregation on opportunities and outcomes.
This document discusses potential reasons for the underrepresentation of African Americans and Latinos among unemployment insurance (UI) beneficiaries. It finds that:
1) African Americans and Latinos experienced higher unemployment during the recession but were also overrepresented among the long-term unemployed.
2) While recipiency rates were around 40% for whites, they were lower for African Americans and Latinos, ranging from 32-39%.
3) Geographic distribution of racial groups may play a role, as African Americans and Latinos are more concentrated in states with lower UI recipiency rates. Implicit bias and discretion in the UI system could also potentially contribute to underrepresentation of minorities.
This document summarizes a seminar on access to higher education presented by Jason Reece at Ohio State University. The seminar discussed unequal access to higher education in Ohio as a form of inequity and examined what drives disparate educational outcomes in the state and what can be done to improve access. Reece, a senior researcher at the Kirwan Institute, explored how systemic barriers to higher education represent inequity in Ohio and how providing greater access promotes greater equity.
This document discusses facing issues of race and humanity. It notes that while we may unconsciously think about and hold biases related to race even with sincerely egalitarian attitudes, avoiding discussions of race does not make bias go away. Having open conversations about race, though difficult, is important. It concludes by providing information about the Kirwan Institute and its work related to issues of race.
Jason Reece gave a lecture on using GIS and mapping for advocacy and promoting equity. He discussed how maps can effectively display spatial inequities related to race, class, and other social factors. He provided examples of opportunity mapping projects conducted by the Kirwan Institute to analyze access to education, jobs, housing and other opportunities. Reece explained how these maps have informed programs and policies to improve opportunities for disadvantaged communities.
This document discusses using mapping and spatial analysis to advance advocacy and social justice. It provides examples of how opportunity mapping has been used in litigation, research, and policymaking to illustrate disparities, propose solutions, and measure impact. Opportunity mapping combines quantitative data analysis with narrative to identify gaps in access to critical resources and structures. The approach has informed fair housing legal cases, program evaluation, and efforts to direct investment to disadvantaged communities.
Community engagement builds social capital by cultivating long-term relationships and developing a shared community vision. However, community engagement has declined as private life replaces public life and diversity decreases social capital. Disadvantaged communities face additional challenges to engagement like decades of disinvestment, poverty, and underperforming schools. To rebuild engagement requires long-term efforts that empower local leadership, allow diverse voices to be heard, and foster trust through shared responsibility between community groups.
This document discusses critical race theory and the intersection of race and class. It makes three key points:
1) Race and class are co-constitutive and intersect at individual, group, and societal levels, shaping identity and inequality over time. The exclusion of non-whites from New Deal programs entrenched structural racial inequality.
2) Opportunity structures in domains like housing, employment, education sort individuals and groups in racialized ways. A shift is needed to examine how institutions collectively racialize opportunities.
3) Corporate power increasingly shapes key areas of life and diminishes public and private spaces, with implications for civil rights that are debated in issues like Citizens United.
The document discusses structural barriers to opportunity and how they disproportionately impact marginalized communities. It provides an overview of the Kirwan Institute's work studying how systems produce racial inequities and analyzing neighborhoods' access to opportunities like education and employment. It then examines how policies historically enforced inequity and how racial segregation persists spatially and in schools. The document concludes by analyzing disparate impacts of the recent recession, like higher unemployment rates for Black and Latino communities in Ohio.
I apologize, upon further reflection my previous statement about "conscious or unconscious" was an oversimplification. Implicit biases are complex and exist within social, historical, and institutional contexts that shape our perceptions and behaviors in ways that are not always conscious or intentional. A more nuanced understanding is needed.
The document discusses the disproportionate impacts of the recession on minorities and calls for a more equitable recovery. It summarizes data showing higher unemployment rates among minorities, in areas with larger minority populations, and at the intersections of geography and race. While the stimulus provided relief, more targeted investments are needed to assist communities hardest hit and develop opportunities for minorities. The Kirwan Institute advocates for policies that combine universal goals with targeted approaches to promote a fair recovery.
This document discusses the impacts of the recession and economic crisis. It notes that the recession has hit communities unevenly across states and demographics. Certain groups, such as Black and Latino youth, have faced particularly high unemployment rates. The response to the recession through policies like the American Recovery and Reinvestment Act aimed to stimulate the economy and assist those most impacted, but there are questions around whether the recovery has reached all communities equally and how future policies and investments can better promote equity.
Jason Reece from the Kirwan Institute presented on using mapping to advocate for equity issues, explaining how maps can effectively display spatial inequities and discussing opportunity mapping projects in various states and regions to analyze access to education, jobs, housing and other opportunity indicators. The presentation covered case studies of how opportunity mapping has informed legal services, housing programs, and other advocacy efforts to address racial and social inequities.
This document discusses approaches to diversity in the 21st century United States. It notes that the U.S. population is highly diverse, with the largest ethnic groups being non-Hispanic whites, Latinos, African Americans, and Asians. In higher education, 64.4% of students are white with the remaining being various minority groups. The document advocates moving beyond a numerical definition of diversity to a contextual approach that considers power structures and marginalization. It argues for recognizing how differences are socially constructed rather than natural in order to implement meaningful diversity initiatives.
More from Kirwan Institute for the Study of Race and Ethnicity (20)
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Confirmation of Payee (CoP) is a vital security measure adopted by financial institutions and payment service providers. Its core purpose is to confirm that the recipient’s name matches the information provided by the sender during a banking transaction, ensuring that funds are transferred to the correct payment account.
Confirmation of Payee was built to tackle the increasing numbers of APP Fraud and in the landscape of UK banking, the spectre of APP fraud looms large. In 2022, over £1.2 billion was stolen by fraudsters through authorised and unauthorised fraud, equivalent to more than £2,300 every minute. This statistic emphasises the urgent need for robust security measures like CoP. While over £1.2 billion was stolen through fraud in 2022, there was an eight per cent reduction compared to 2021 which highlights the positive outcomes obtained from the implementation of Confirmation of Payee. The number of fraud cases across the UK also decreased by four per cent to nearly three million cases during the same period; latest statistics from UK Finance.
In essence, Confirmation of Payee plays a pivotal role in digital banking, guaranteeing the flawless execution of banking transactions. It stands as a guardian against fraud and misallocation, demonstrating the commitment of financial institutions to safeguard their clients’ assets. The next time you engage in a banking transaction, remember the invaluable role of CoP in ensuring the security of your financial interests.
For more details, you can visit https://technoxander.com.
The Rise and Fall of Ponzi Schemes in America.pptxDiana Rose
Ponzi schemes, a notorious form of financial fraud, have plagued America’s investment landscape for decades. Named after Charles Ponzi, who orchestrated one of the most infamous schemes in the early 20th century, these fraudulent operations promise high returns with little or no risk, only to collapse and leave investors with significant losses. This article explores the nature of Ponzi schemes, notable cases in American history, their impact on victims, and measures to prevent falling prey to such scams.
Understanding Ponzi Schemes
A Ponzi scheme is an investment scam where returns are paid to earlier investors using the capital from newer investors, rather than from legitimate profit earned. The scheme relies on a constant influx of new investments to continue paying the promised returns. Eventually, when the flow of new money slows down or stops, the scheme collapses, leaving the majority of investors with substantial financial losses.
Historical Context: Charles Ponzi and His Legacy
Charles Ponzi is the namesake of this deceptive practice. In the 1920s, Ponzi promised investors in Boston a 50% return within 45 days or 100% return in 90 days through arbitrage of international reply coupons. Initially, he paid returns as promised, not from profits, but from the investments of new participants. When his scheme unraveled, it resulted in losses exceeding $20 million (equivalent to about $270 million today).
Notable American Ponzi Schemes
1. Bernie Madoff: Perhaps the most notorious Ponzi scheme in recent history, Bernie Madoff’s fraud involved $65 billion. Madoff, a well-respected figure in the financial industry, promised steady, high returns through a secretive investment strategy. His scheme lasted for decades before collapsing in 2008, devastating thousands of investors, including individuals, charities, and institutional clients.
2. Allen Stanford: Through his company, Stanford Financial Group, Allen Stanford orchestrated a $7 billion Ponzi scheme, luring investors with fraudulent certificates of deposit issued by his offshore bank. Stanford promised high returns and lavish lifestyle benefits to his investors, which ultimately led to a 110-year prison sentence for the financier in 2012.
3. Tom Petters: In a scheme that lasted more than a decade, Tom Petters ran a $3.65 billion Ponzi scheme, using his company, Petters Group Worldwide. He claimed to buy and sell consumer electronics, but in reality, he used new investments to pay off old debts and fund his extravagant lifestyle. Petters was convicted in 2009 and sentenced to 50 years in prison.
4. Eric Dalius and Saivian: Eric Dalius, a prominent figure behind Saivian, a cashback program promising high returns, is under scrutiny for allegedly orchestrating a Ponzi scheme. Saivian enticed investors with promises of up to 20% cash back on everyday purchases. However, investigations suggest that the returns were paid using new investments rather than legitimate profits. The collapse of Saivian l
How to Identify the Best Crypto to Buy Now in 2024.pdfKezex (KZX)
To identify the best crypto to buy in 2024, analyze market trends, assess the project's fundamentals, review the development team and community, monitor adoption rates, and evaluate risk tolerance. Stay updated with news, regulatory changes, and expert opinions to make informed decisions.
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
How Poonawalla Fincorp and IndusInd Bank’s Co-Branded RuPay Credit Card Cater...beulahfernandes8
The eLITE RuPay Platinum Credit Card, a strategic collaboration between Poonawalla Fincorp and IndusInd Bank, represents a significant advancement in India's digital financial landscape. Spearheaded by Abhay Bhutada, MD of Poonawalla Fincorp, the card leverages deep customer insights to offer tailored features such as no joining fees, movie ticket offers, and rewards on UPI transactions. IndusInd Bank's solid banking infrastructure and digital integration expertise ensure seamless service delivery in today's fast-paced digital economy. With a focus on meeting the growing demand for digital financial services, the card aims to cater to tech-savvy consumers and differentiate itself through unique features and superior customer service, ultimately poised to make a substantial impact in India's digital financial services space.
Dr. Alyce Su Cover Story - China's Investment Leadermsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
Explore the world of investments with an in-depth comparison of the stock market and real estate. Understand their fundamentals, risks, returns, and diversification strategies to make informed financial decisions that align with your goals.
13 Jun 24 ILC Retirement Income Summit - slides.pptxILC- UK
ILC's Retirement Income Summit was hosted by M&G and supported by Canada Life. The event brought together key policymakers, influencers and experts to help identify policy priorities for the next Government and ensure more of us have access to a decent income in retirement.
Contributors included:
Jo Blanden, Professor in Economics, University of Surrey
Clive Bolton, CEO, Life Insurance M&G Plc
Jim Boyd, CEO, Equity Release Council
Molly Broome, Economist, Resolution Foundation
Nida Broughton, Co-Director of Economic Policy, Behavioural Insights Team
Jonathan Cribb, Associate Director and Head of Retirement, Savings, and Ageing, Institute for Fiscal Studies
Joanna Elson CBE, Chief Executive Officer, Independent Age
Tom Evans, Managing Director of Retirement, Canada Life
Steve Groves, Chair, Key Retirement Group
Tish Hanifan, Founder and Joint Chair of the Society of Later life Advisers
Sue Lewis, ILC Trustee
Siobhan Lough, Senior Consultant, Hymans Robertson
Mick McAteer, Co-Director, The Financial Inclusion Centre
Stuart McDonald MBE, Head of Longevity and Democratic Insights, LCP
Anusha Mittal, Managing Director, Individual Life and Pensions, M&G Life
Shelley Morris, Senior Project Manager, Living Pension, Living Wage Foundation
Sarah O'Grady, Journalist
Will Sherlock, Head of External Relations, M&G Plc
Daniela Silcock, Head of Policy Research, Pensions Policy Institute
David Sinclair, Chief Executive, ILC
Jordi Skilbeck, Senior Policy Advisor, Pensions and Lifetime Savings Association
Rt Hon Sir Stephen Timms, former Chair, Work & Pensions Committee
Nigel Waterson, ILC Trustee
Jackie Wells, Strategy and Policy Consultant, ILC Strategic Advisory Board
Discover the Future of Dogecoin with Our Comprehensive Guidance36 Crypto
Learn in-depth about Dogecoin's trajectory and stay informed with 36crypto's essential and up-to-date information about the crypto space.
Our presentation delves into Dogecoin's potential future, exploring whether it's destined to skyrocket to the moon or face a downward spiral. In addition, it highlights invaluable insights. Don't miss out on this opportunity to enhance your crypto understanding!
https://36crypto.com/the-future-of-dogecoin-how-high-can-this-cryptocurrency-reach/
Discover the Future of Dogecoin with Our Comprehensive Guidance
Perspectives on Community and Economic Development in a Global Economy
1. Perspectives on Community
and Economic Development in
a Global Economy
john a. powell
Director, Kirwan Institute for the Study of Race and Ethnicity
Williams Chair in Civil Rights & Civil Liberties, Moritz College of Law
Affordable Housing and Community Development Law Conference
October 9, 2009
Newport, RI
2. Changes, Challenges and Opportunities
Facing our Society
• Our world today is more complex and
interconnected
–Global labor market
–Global financial market
–Global credit market
–Global climate change
2
3. Globalization
• Where does your stuff
come from?
• Under what conditions?
4. • Different communities are
situated differently with
regards to institutions
• Institutions mediate
opportunity
• Structural Inequality
– Example: a Bird in a cage.
Examining one wire cannot
explain why a bird cannot fly.
But multiple wires, arranged in
specific ways, reinforce each
other and trap the bird.
5. Communities have different
resources, and these result in
differential outcomes…
• Example: Universal healthcare?
– One community has no health insurance, but a
hospital down the street.
– Another community has no health
insurance and no hospital.
6. Structural Racialization
Context: The Dominant Consensus on Race
White privilege National values Contemporary culture
Current Manifestations: Social and Institutional Dynamics
Racialized public policies and institutional
Processes that maintain racial hierarchies
practices
Outcomes: Racial Disparities
Racial inequalities in current levels of Capacity for individual and community
well-being improvement is undermined
Ongoing Racial Inequalities
6
Adapted from the Aspen Roundtable on Community Change. “Structural Racism and Community Building.” June 2004
7. System Interactions
7
Source: Barbara Reskin. http://faculty.uwashington.edu/reskin/
9. The Global to Local connection:
Dual Credit Delivery System
• A powerful example
• The link between
Race, Neighborhood
location, and
(in)accessibility to
prime or sustainable
loans
9
11. “Race or Risk” ?
…what about fair credit
Source: United for a Fair Economy
12. Effects of a Dual Credit Delivery
System
• Credit-starved • Loss of wealth
communities
from decades of
red-lining
Predatory
Foreclosure
Loans
Further
disinvestment Further
•Entrenched by Prime Neighborhood
marginalization in Financial Destabilization
housing and credit Institutions • Lost Tax
markets Revenue
•Other Implications? • Higher Demand
•Higher- Education for Services
loans?
•Business
Development?
13. Global financial systems operate outside the scope of US
regulations and they are increasingly complex…
Pre Depression:
The Two Party Housing Market
Party Party
1 2 Seller
Homebuyer
(and/or)
Lending
Institution The Post Depression FHA Era:
The Three Party Mortgage Market
Party Party Party
1 2 Lending
3 Government
Homebuyer Sponsored
Institution Institution
purchases, insures
or underwrites loan
13
Based on research by Chris Peterson, University of Utah Law School
14. …From Two Party Transactions to Mortgage Securitization at a
Global Scale
Today:
The web of actors
and institutions
involved in the sub
prime lending and
mortgage
securitization market
14
Created by Chris Peterson, University of Utah Law
15. Reassess our Assumptions
Are unfettered markets good?
Is government action inherently bad?
Who wins and who loses?
Source: United for a Fair Economy
16. • Our global economy
requires
affirmative, deliberate
collective action, across
multiple domains, and at a
regional level
• How can we affirmatively
incorporate our
More than ‘thinking marginalized communities
globally’ and ‘acting
locally’ into the mainstream
economy?
17. Opportunity Structures
• We all live in opportunity structures called
neighborhoods, nations
• Even where we have universal goals, we have
different paths.
• Different strokes for different folks
18. A New Paradigm: “Globalizing”
Community and Economic
Development
• Traditional model is highly localized and
irrelevant for our global economy
• Fragmented and incremental strategies
ignore the complexity of multiple systems
of disadvantage (cumulative causation)
Remember the bird cage?
19. Two types of Strategies
Example:
Dual Credit Systems
Transactional Transformational
Locate solutions within the Fix the System, get rid of the
individual or community DUAL system
Financial literacy programs Link to broader Housing and
Payday lending restrictions Credit Markets
But it’s a systemic deficiency; Empowers communities
communities are still vulnerable against future risks
20. A New Paradigm contd.
• A Systems Approach: the “snowball effect”
• Personalized remedies: every community has its
own arrangement of institutions that produce
disparate outcomes
• Continuous monitoring of the system
– Changing factors in a system can alter conditions ‘on
the ground’ quickly
– Example: Declining housing markets decrease private
market development and decrease effectiveness of
Inclusionary Zoning policies
21. Potential Alternatives
• Federal
– Fannie and Freddie to “affirmatively further fair
housing”?
– Role for financial institutions that received federal
bailout funds?
– HUD initiatives: Sustainable Communities
• Local? Regional!
– What about foreclosures in non-segregated
neighborhoods for affordable housing?
– What about strategic reuse of abandoned properties
in distressed neighborhoods?
Different communities will have different structural needs
22. Appendix
How can practitioners
embrace an opportunity-
based model of
development?
22
23. Communities of Opportunity
– Everyone should have fair
access to the critical
opportunity structures
needed to succeed in life
– Affirmatively connecting
people to opportunity
creates
positive, transformative
change in communities
– More than just de-
concentration! Narrowly
focused strategies:
mobility-based OR in-place
– Transformational strategies
include BOTH
23
24. An Opportunity- Based Model of
Community and Economic Development
• A systems approach
– Understanding relationships that suppress access to opportunity
– Identifying critical leverage points to produce pathways to
opportunity
• Involving collaboration and engagement in multiple domains
– Education; housing; finance etc.
• Opening up pathways to opportunity through engagement on
critical intervention points
– People, Places and Linkages
24
25. Expanded Geography of Action
• Collective and deliberate action
• Horizontal collaborations: regional
collaborations, public/private/nonprofit
partnerships
• Vertical collaborations: local, state, and federal
policy reforms
26. Focus explicitly • Evaluations. Do proposed
on racial and
social justice projects:
– Perpetuate residential
segregation?
– Exacerbate jobs-mismatch?
– Perpetuate environmental
injustice?
• Without addressing the
social, racial and interregional
inequities facing the region, our
future is compromised
27. Connecting Multiple Domains: e.g.
Housing and Schools:
How can we reverse this pattern?
Low Opportunity High Opportunity
27
28. LIHTC and Segregated Schools
• Currently, LIHTC development is conflicting with efforts to
desegregate schools.
• Nearly ¾’s of African American and Hispanic LIHTC residents are
located in segregated schools.
Figure 8: Percentage of LIHTC Population within Proximity
to Segregated Schools:
Population in
> 90% 50 to 100% Students of
household by
White Color
household race:
American Indian 16.8% 18.7%
Asian 6.9% 71.3%
Black 6.0% 69.6%
Hispanic 8.4% 74.3%
Other Race 33.5% 23.2%
White 32.5% 17.0% 28
29. Housing is an opportunity
anchor and key leverage point
Health
Employment
Childcare
Housing
Effective Education
Participation
Transportation
29
30. Example: Opportunity- Based Housing
• Rethink fair housing…
• Not just integration but integration into opportunity
• Inclusive fair housing means access to good
schools, jobs, doctors, child
care, transportation, parks, and the civic fabric
30
31. Example: Opportunity Mapping
• Opportunity is spatially
Neighborhood Opportunity Analysis
Frederick Baltimore City
distributed throughout our
Washington DC-Baltimore Region
Jefferson
Howard
Baltimore
metropolitan regions (varying by
community)
Clarke
Loudoun
Montgomery
• Opportunity mapping is a tool to
Anne Arundel
help guide policy and
advocacy, providing a quantitative
assessment of where
Falls Church
Fairfax City
District of Columbia
Arlington opportunities are and where they
Alexandria
Prince George's are deficient
– Guiding responses
Manassas Park
Fairfax
Manassas
• Understanding what resources
Legend
Fauquier
Water Features
County Areas
Prince William
need to be developed in
Neighborhood
Opportunity Ranking
communities
• Understanding how to connect
Calvert
Very Low Opportunity
Low Opportunity
Moderate Opportunity
Charles
marginalized residents to areas of
Culpeper
High Opportunity
Stafford
Prepared by: The Kirwan Institute for the Study of Race & Ethnicity, March 1, 2007 St. Mary's
opportunity throughout the region
Very High Opportunity Source: U.S. Census Bureau and Opportunity Analysis by Kirwan Institute
31
33. Putting it All Together:
Neighborhood Revitalization
– A systems response
• Where are your key
leverage points?
• What are the critical
intervention points?
– Equity focused
• Creating a
community for all
– Emphasis on
strategic
collaboration
For more information, see our report “Pathways to Opportunity: Partnership and 33
Collaboration for Revitalizing the Rosemont-Walbrook Neighborhood” available at