developing an asset-building agenda: lessons from the field
DESCRIPTION
Hosted b y . Developing an Asset-Building Agenda: Lessons from the Field . September 27, 2012. With Support from The Ford Foundation . MODERATOR Melissa Wells Policy Assistant, Joint Center for Political and Economic Studies. - PowerPoint PPT PresentationTRANSCRIPT
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DEVELOPING AN ASSET-BUILDING
AGENDA: LESSONS FROM THE FIELD
September 27, 2012
With Support from The Ford Foundation
Hosted by
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MODERATOR
Melissa WellsPolicy Assistant,Joint Center for Political and Economic Studies
DEVELOPING AN ASSET-BUILDING AGENDA: LESSONS FROM THE
FIELD
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Howard UniversityCenter on Race and Wealth (CRW)
Working to enrich the dialogue and research to support asset building and wealth accumulation while addressing issues related to racial wealth disparities
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Supports policy education ofFord Foundation granteesabout best practices andstrategies for asset building,using a variety of media andvenues
Asset-Building Policy Initiative
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Coalition for a Prosperous Mississippi
DirectorMelbah Smith
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Illinois Asset Building Group
IABG Coordinator Senior Policy
Associate, Heartland Alliance
Lucy Mullany
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7
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Empowering Mississippians
Developing an Asset-Building Agenda: Lessons From The Field
How We Came Into Being
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Empowering Mississippians
DEVELOPING AN ASSET-BUILDING AGENDA: LESSONS FROM THE FIELD
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Empowering Mississippians
DEVELOPING AN ASSET-BUILDING AGENDA: LESSONS FROM THE FIELD
Diversity in Partnerships
Institutions of Higher Learning Public Policy AdvocatesFinancial Institutions State LegislatorsSocial Service Agencies Agriculture AgenciesFaith-Based Coalitions Entrepreneurs
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Empowering Mississippians
Developing an Asset-Building Agenda: Lessons From The Field
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Empowering Mississippians
DEVELOPING AN ASSET-BUILDING AGENDA: LESSONS FROM THE FIELD
CPM Structure
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Empowering Mississippians
DEVELOPING AN ASSET-BUILDING AGENDA: LESSONS FROM THE FIELD
• Challenges Encountered/Resolved
• Unlikely Allies
• Stakeholder Organizations
Organizational Growth/Development
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Empowering Mississippians
Developing an Asset-Building Agenda: Lessons From The Field
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Empowering Mississippians
DEVELOPING AN ASSET-BUILDING AGENDA: LESSONS FROM THE FIELD
Sustaining Engagement
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Lucy Mullany
Hi! I’m a Senior Policy Associate with Heartland Alliance and the Coordinator of the Illinois Asset Building Group!
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Our Beginning
www.illinoisassetbuilding.org
Heartland Alliance
Shriver Center
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Coalition Structure
www.illinoisassetbuilding.org
Steering
Committee
Community Leadership
Councils
Working
Groups
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Challenges
www.illinoisassetbuilding.org
Communicating Effectively About Asset Building
Engaging a Stakeholders Needed to Move Our Policy Agenda Forward:
• Statewide
• Diverse Constituency
Creating Opportunities for Sustained Engagement
Political Environment
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Unlikely Allies & Stakeholder Organizations
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Empowering Mississippians
Developing an Asset-Building Agenda: Lessons From The Field
Our Policy Agenda & Environment
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Empowering Mississippians
DEVELOPING AN ASSET-BUILDING AGENDA: LESSONS FROM THE FIELD
Policy Agenda 2012
Farm Bill 2012IDA Legislation
Cooperative StatuteNon-Custodial Father Initiative
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Empowering Mississippians
DEVELOPING AN ASSET-BUILDING AGENDA: LESSONS FROM THE FIELD
The State of Things
Agenda SettingDrivers
The Process
Asset-Building: Barriers/Opportunities
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Empowering Mississippians
DEVELOPING AN ASSET-BUILDING AGENDA: LESSONS FROM THE FIELD
Politics in Mississippi
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Policy Agenda 2013
Children’s Savings AccountsAutomatic IRAsSafe Banking Products (Bank On & Safe Alternative Small Dollar Loans)Payday Lending ReformsAsset Limit Reforms
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Automatic IRA
Policy
Require Illinois businesses with more than 10 employees and that have been established for more than 2 years to provide their employees with access to an Individual Retirement Account (IRA). Employees may opt-out of the Automatic IRA program and adjust their contribution at any time. To reduce administrative costs, the IRA accounts will be pooled accounts administered by the State Treasurer’s Office.
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Automatic IRA
Strategy
Building Political Will Legislation introduced in 2012 & 2012 Subject Matter Hearing in the House in 2012
Research Report was released in September that addressed key questions from legislators
Mobilization & Outreach
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Automatic IRA
Next Steps
1. Dissemination of Research2. Media Outreach3. Continued Education of Legislators4. Outreach to the Business Community
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Children’s Savings Accounts
Policy
1. Universal Children’s Savings Accounts (CSAs) created at birth (long term campaign)
2. Increase Access to the State’s 529 College Savings Account program (series of administrative & legislative changes)
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Children’s Savings Accounts
Strategy & Next StepsMobilization: Hosting community trainings and roundtables on
529 college savings and CSAsCommunications: Collecting video testimonials for a larger
marketing & outreach campaignResearch: Collecting data on current 529 College Savings
Account participants in IllinoisBuilding Political Will: 1. Illinois General Assembly created a CSA task force in 2010.2. Working with key state offices to implement incremental
changes.3. Possibly Introducing CSA or 529 Legislation in 2013
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Banking the Unbanked
Policy
State and local governments should encourage financial institutions to offer products and services that meet the needs of lower-income communities, encouraging more people to participate in mainstream banking.
Mainstream financial institutions should be encouraged to offer low-cost alternatives to payday loans and check cashing to begin developing relationships with clients unfamiliar or uncomfortable with them.
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Banking the Unbanked
Bank On Mobilizing & Outreach: Engaging more banks and service providers Research: Collecting data during the first year Building Political Will: Working with other Treasurer’s to create similar programs across the state
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Banking the Unbanked
Alternative Payday LoansResearch: Profitability Model & ToolkitBuilding Political Will: Working with the State Treasurer’s office & Chicago Treasurer’s office to disseminate toolkit.Mobilization: Training Community Spokespersons
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Empowering Mississippians
Developing an Asset-Building Agenda: Lessons From The Field
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Empowering Mississippians
DEVELOPING AN ASSET-BUILDING AGENDA: LESSONS FROM THE FIELD
CPM Policy AgendaPolicy Setting
ProcessChallenges
Lessons Learned
Mississippi: Asset-Building Policy
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Empowering Mississippians
DEVELOPING AN ASSET-BUILDING AGENDA: LESSONS FROM THE FIELD
Policy-Agenda-Setting Process
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Empowering Mississippians
Developing an Asset-Building Agenda: Lessons From The Field
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Empowering Mississippians
Developing an Asset-Building Agenda: Lessons From The Field
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Moving Our Agenda Forward
Policy Change
Communications Research
Building Political Will Mobilization
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Engaging Members In Agenda Creation
Formal Informal Surveys Focus Groups Leadership Meetings
One-on-One Community Meetings
Brown Bag Lunch Series Story Collection
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Political Environment in Illinois
Democrats controlling the State General Assembly with Concentrated Power
Republican State TreasurerMany New State Legislators in 2013Difficult Budget Environment
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Moving Policy in this Environment
Advocating for Small Changes with Limited Cost
Example: Children’s Savings Accounts 529 Account AccessDefault Investment TypeExemption from Asset Test on TANFRequiring Data Collection on ApplicantsAcceptance of ITINs
www.illinoisassetbuilding.org
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Moving Policy in this Environment
Advocating for Small Changes with Limited Cost
Example: Alternative Small Dollar Loans & Payday Reforms Zoning Legislation Linked Deposit Ordinances
www.illinoisassetbuilding.org
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Moving Policy in this Environment
Building a Case for Future Change
Example: Automatic IRAInformational HearingRetirement Savings Report Media Campaign
www.illinoisassetbuilding.org
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Moving Policy in this Environment
Recognizing Opportunities
Examples:Leveraging National Initiatives to Affect Change (i.e. GEAR UP CSA Pilot Program)Partnership with Department of Child Support Services
www.illinoisassetbuilding.org
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Empowering Mississippians
Developing an Asset-Building Agenda: Lessons From The Field
Asset-Building Policy Development In Mississippi
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Empowering Mississippians
DEVELOPING AN ASSET-BUILDING AGENDA: LESSONS FROM THE FIELD
Strategy for policy advancementOvercoming Obstacles
Implementation
Asset-Building Policy: The Process
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Empowering Mississippians
DEVELOPING AN ASSET-BUILDING AGENDA: LESSONS FROM THE FIELD
Cooperative Statute Expansion BillPayday Lending Legislation
Educated constituencyPowerful Lobbyist
Civic Engagement Campaign Submit Bill in 2013 Legislative Session
Policy Campaign
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Measuring Our Impact
Measuring Progress Made Toward Goal• Meetings with Legislators• Number of Policy Champions – decision makers
participating in events, co-sponsors• Number of Advocates participating in a campaign• Spokesperson trainings on the issues• Media exposure• Communication “Hits” – downloads of a report, shares on
social media, website traffic, etc.• Administrative & Legislative Changes
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Empowering Mississippians
Melbah SmithDirectorCoalition for a Prosperous Mississippi
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Lucy MullanyIABG CoordinatorSenior Policy Associate, Heartland Alliance
www.illinoisassetbuilding.org
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Contact
Lucy MullanyIABG Coordinator
Senior Policy Associate, Heartland Alliance312-870-4939
Learn More: www.illinoisassetbuilding.org