Research & Data

State Asset Building Coalitions: Perspectives from the Field
Occurring amidst the backdrop of the Great Recession, 10 state asset building coalitions were able to demonstrate that efforts to build greater financial security and economic opportunity do not have to stall-out or simply tread water in economic downturns. The Charles Stewart Mott Foundation selected these ten coalitions through a competitive process, and the North Carolina Assets Alliance is one of those selected.
All ten participated in a three-year coalition development and peer-learning process aimed at advancing asset building policies and practices in their states. The Institute on Assets and Social Policy at Brandeis University served as a research and learning partner to this initiative. IASP documented those key lessons learned in the just released report “State Asset Building Coalitions: Perspectives from the Field.” This report uses concrete examples from the ten state asset building coalitions, offers practical tools to help states build their residents’ financial security and stability, and demonstrates the importance of peer-learning.
The report reveals that state asset building coalitions can take big and small steps to advance policies and practices that open the doors of opportunity to both middle and low income residents in their states. Coalitions in Michigan and Maryland incentivized and accelerated savings among low-income families. Illinois eliminated major barriers to saving by abolishing asset limits for TANF eligibility. Texas is giving young people hope for a college education by providing financial education and matched college savings accounts. “State Asset Building Coalitions: Perspectives from the Field” also details the efforts of California, Arkansas, Washington State, North Carolina, Massachusetts, and New Mexico. To view the entire report, visit http://iasp.brandeis.edu/pdfs/2014/Perspectives.pdf

ASSETS & OPPORTUNITY SPOTLIGHT
The fact sheets below provide greater context to the data in the CFED 2009-2010 Assets & Opportunity Scorecard by presenting the connections between these asset and opportunity measures and household outcomes and policy opportunities.

Asset Poverty and Household Net Worth
Credit Card Debt
Retirement Plan Participation
Small Business Ownership
Unbanked

NCAA FEATURED PUBLICATION

N.C. Assets Alliance, June 2009.
A Prosperity Grid for North Carolina: Connecting Households and Communities to Economic Opportunity
The report details the need for asset policy in North Carolina, the economic conditions for households and communities state-wide as well as provides an overview of policy opportunities to ensure households and communities are connected to opportunity.

RESEARCH & RESOURCES CLEARINGHOUSE
FORECLOSURE

The Center for Responsible Lending's Keith S. Ernst, testimony before the Joint Economic Committee of the U.S. Congress titled, "Current Trends in Foreclosure and What More Can Be Done to Prevent Them"

The Urban Institute recently released a report on the impacts of foreclosures on families and communities.

A recent research article looks at the possible impact of home foreclosures on health.

The National Low Income Housing Coalition is featuring a special topic on renters in foreclosure. See links to the topic and additional resources here.

Action for Children released a report with county-level estimates of the number of children directly impacted by foreclosure in N.C.

Additional Resources:
• Center for Responsible Lending
• NC Housing Coalition
• NC Housing Finance Agency
• NC Commissioner of Banks
• NC Foreclosure Help Web Site
• CFED
• Foreclosure-Response.org

The White House Task Force on the Middle Class released its first annual report in February. The N.C. Assets Alliance commented on the importance of their recommendations in an opinion piece, Building Blocks for a Solid Middle Class, in the News & Observer on March 26, 2010.