from concentrated poverty to community wealth building: a report from richmond thad williamson,...
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From Concentrated Poverty to Community Wealth Building: A Report
from Richmond
Thad Williamson, Ph.D., Director
Risha R. Berry, Ph.D., Project Management Analyst
Mayor’s Office of Community Wealth Building
May 12, 2015
EMANCIPATION DAY – APRIL 3, 1905RICHMOND, VA
JACKSON WARD – THE BIRTHPLACE OF BLACK CAPITALISM
ST. LUKE – THE BLACK WALL STREET OF THE SOUTH
BISECTION OF JACKSON WARD
CONCENTRATED POVERTY IN RICHMOND
POVERTY AND ECONOMIC NEED IN RICHMOND
Richmond Virginia 25.6% poverty rate 11.3% poverty rate $40,496 median hh income $63,907 median hh income 13.0% hh under $10k 5.7% hh under $10k 38.8% children in poverty 14.9% children in poverty 17.7% no health insurance 12.3% no health insurance
Richmond metro area 85th nationally out of 100 largest metro areas in upward social mobility
Approximately 42,000 City residents in poverty apart from college students. 23.9k working age; 14.7k children; 3.35k elderly
City Poverty Rate Excluding Undergraduates: 23.1%
RECOMMENDATIONS OF MAYOR’S ANTI-POVERTY COMMISSION
Workforce Development Targeted Economic Development Regional Transportation Educational pipeline from prenatal to college/career Pursuing public housing redevelopment with commitment to no
involuntary displacement
MORAL VISION
Every Richmond resident should have access to quality employment opportunities and preparation and support to be successful in such employment; to a safe neighborhood with good amenities, strong schools, and access to mobility; and to a supportive community environment.
THE PATHWAY OUT OF POVERTYIn Crisis At Risk Safe Stable Thriving
No Income or assets
No skills or credentials
Homeless or unstable housing
No or unreliable transportation or child care.
Safety and mental health risks are high
Addictions and/or Legal Problems
Seeking job or temp/seasonal job or other legal income
Temporary or transitional housing
Transportation and child care available, but not affordable or reliable
Seeking GED or vocational training
Employed in semi-stable job
Housing is stable and is affordable (maybe with subsidy)
Transportation and child care are generally reliable and affordable
Has high school diploma, GED, or vocational training
Permanent & stable job paying living wage
Housing is stable & and is affordable without subsidy
Transportation and child care are reliable and affordable
Career & educational plan in place; active & on-going learning
Permanent, stable employment sufficient to build assets
Housing is permanent & affordable without subsidy
Transportation and child care are reliable and affordable
Implementing education and career plan
Based on the HUD Self Sufficiency Matrix
YEAR ONE: WORKFORCE AND ECONOMIC DEVELOPMENT INITIATIVES
YEAR ONE AND TWO: EDUCATIONAL INITIATIVES
YEAR ONE: HOUSING INITIATIVES
MAGGIE L. WALKER INITIATIVE
OFFICE OF THE DEPUTY CAOFOR
HUMAN SERVICESOffice of Community Wealth Building
Debra D. Gardner, Deputy Chief Administrative Officer
City Hall
900 E. Broad Street 5th Floor, ste 501