Financial Stability Track Movement Day Greater Dallas

Facilitating Community Transformation

Mission

To ensure that every low-income community in Greater Dallas has the resources needed to give its neighbors a hand up.

Agenda

• Welcome

• State of Poverty in Greater Dallas

• Strategic Breakout Sessions• Working Group Report Out

• Community Breakout Sessions• Working Group Report Out

• Wrap up/Next Steps

WelcomeFacilitating Community Transformation

State of Poverty in Greater DallasFacilitating Community Transformation

5%

41%

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

Populaton Growth Poverty Growth

Dallas Population Growth vs. Poverty Growth

2000 - 2012

2000 - 2012 2 3

What is Poverty?

U.S. Government Definition of Poverty =

Family of four earning less than $23,850 per year

What is Poverty?

What is the Cause of Poverty?

Cause CurePoor Behavior Modify Behavior

Lack of Resources in Community Redistribute Resources

Exploitation Laws and Prosecution

Oppressive Government or Economic System

International Government

What is the Cause of Poverty?

Cause = SIN CHRIST = CurePoor Behavior STEWARDSHIP & DILIGENT

WORKModify Behavior

Lack of Resources in Community COMPASSION & SERVICE Redistribute Resources

Exploitation JUSTICE & MERCY Laws and Prosecution

Oppressive Government or Economic System

JUSTICE & FREEDOM International Government

Our Role as Believers

Ambassadors for Christ

2 Corinthians 5:17-21

City-Wide Initiatives

•Mayor's Task Force on Poverty

•Anti-Poverty Coalition

•CFSI: Community Financial Stability Initiative

• Financial Fitness Month is April

Understanding Poverty Trainings

Next Training:

February 13, 9am – 12 (Noon)

Grace Bible Church Dallas

Get Tickets Now:

UnderstandingPoverty.com

Strategic Breakout SessionsFacilitating Community Transformation

Strategic Breakout SessionsWorking Group Report OutFacilitating Community Transformation

Action StepsFacilitating Community Transformation

Action Steps

• What can I do individually in this area?

• How can I influence my Church, Organization, or Community in this area?

Thank YouFacilitating Community Transformation

AppendixFacilitating Community Transformation

Agenda• Welcome/Opening Prayer/Introductions (Keyven)

• State of Poverty in Greater Dallas (Joe)• the current situation (stats)• the causes of poverty• our role as believers• some solutions (framework, existing resources, current collaborative efforts, Unite's

role)

• Working Group Breakouts (by strategy)

• Working Group Report Out (Keyven)

• Break-out by community to determine Next Steps

• Next Steps Report Out (Joe)

• Wrap up/Next Steps/Closing Prayer (Joe)

Our City Initiatives (request rep from Mayor’s office)

• Community Financial Stability Initiative• Add a brief description of what this entails

• Anti-Poverty Coalition of Greater Dallas• Brings a broad-based coalition of organizations together to:

• Counter the problem of predatory lending by advocating for changes to public policies and promoting consumer-friendly lending alternatives.

• Boost the financial health of our community by promoting financial literacy & access to programs that build income, savings and assets.

• Mayor’s Poverty Task Force• Expanding Dallas’ efforts to assist low-income workers to file tax returns under the

Earned Income Tax Credit program,• Raising minimum wage for all City of Dallas contract employees from $7.75 to

$10.25, and encouraging employers to do the same, and • Considering the creation of a City of Dallas “Office of Poverty Elimination” in city

government to ensure this subject continues to occupy Dallas’ attention.

Strategic Breakout SessionsFacilitating Community Transformation

GroupsTable facilitators listed

• Comprehensive financial literacy: David & Karin

• Mobilizing coaches/mentors/accountability groups: Ken, Kara & Shannan

• Job programs + adult education: Jeff, Wende & Candy

• Transportation: Joe Ader

• Small dollar loan alternatives/predatory lending: Stephanie Mace

• Public awareness campaign: Andrea

Financial Foundations Programs: Classes and/or Professional AdvisingBreak-out Session

• Identify & evaluate existing programs• Budgeting/Financial Plan

• Debt/Credit Improvement

• Insurance

• Savings Strategies (Matched Savings Programs)

• Benefits (CPP) & Tax Credits (VITA)

Mobilizing Coaches/Mentors and Accountability GroupsBreak-out Session

• Develop a plan to mobilize the Church into these and other volunteer opportunities

Jobs Programs/Referrals Break-out Session

• Identify existing programs and develop plan to replicate

Shared Systems Break-out Session

• Develop a plan for developing & implementing:• shared volunteer platform

• shared referral/case management platform

• stages of change analysis

Protection from Predatory Lending, Additional Small-Dollar Loan AlternativesBreak-out Session

• Develop a plan

Public Awareness Campaign Break-out Session

• Develop campaign for potential providers, volunteers & clients

Community-Based StrategiesFacilitating Community Transformation

Community-Based Strategies

Community-Based Strategies (cont.)

• Public Awareness Campaign (all service providers & neighbors)• Financial Foundation Program

• Matched Savings Programs• Budgeting/Financial Plan• Credit Improvement versus being debt-free (replaced Debt Reduction Strategies)• Insurance - In The Know• Wealth Building Strategies

• Classes & Counseling – what type?• Benefits & Tax Credits• Jobs Programs/Referrals• Coach, Groups, Etc. – what type?• On-going Counseling – what type?

Community-Based Strategies

• Asset Mapping Initiative (pilot areas)• Lake Highlands

• tbd

• Vickery Meadow• tbd

• South Oak Cliff• tbd