http://www.assetpolicy.org/blog Asset Building Blog Tue, 07 Oct 2008 21:20:06 +0000 http://backend.userland.com/rss092 en How would you define the point at which a family is poor in this country? How about in San Francisco? Most people are shocked when they learn how the federal government measures poverty. If you’re unfamiliar with this number you too will be shocked. Especially if you are a Californian. ... http://www.assetpolicy.org/blog/archives/120 I recently had the opportunity to participate in a working group tasked with identifying strategies that encourage CalWORKs clients to take full advantage of asset building programs and services. As mandated by AB 1078 (Lieber), a bill that was signed into law earlier this year, the California Department of ... http://www.assetpolicy.org/blog/archives/117 Recent Census Bureau data finds that incomes declined and poverty increased for low -and middle - income Californians in 2007. This reversal in trend is exacerbated by steadily increasing unemployment rate. In July 2008, California's unemployment rate reached 7.3% —the highest level in 12 years. That’s ... http://www.assetpolicy.org/blog/archives/113 FDIC, which took over IndyMac last month, has unveiled an ambitious plan this week to help thousands of troubled IndyMac borrowers repay their mortgages and stay in their homes. The FDIC will be mailing out about 25,000 loan modification proposals to borrowers whose mortgages it currently owns and services. ... http://www.assetpolicy.org/blog/archives/111 A new documentary produced by the California Reinvestment Coalition (CRC) entitled “Mo'Money, Mo'Money, Mo'Money” shows how foreclosures destroy the dreams of California families and threaten the stability of small businesses, city governments, and neighborhoods. The film reveals how this disaster could have been avoided if regulators and government officials had ... http://www.assetpolicy.org/blog/archives/109 Asset building groups have advanced over 80 positive policy changes in the last year and half, according to CFED’s Assets & Opportunity Scorecard Progress Report. These policies are bringing an additional $325 million towards asset building and asset preservation programs throughout the United States. Key policy victories include enacting ... http://www.assetpolicy.org/blog/archives/107 Almost half of all LA residents live in asset poverty, according to the Local Asset Poverty Index (LAPI), a tool developed by the Asset Policy Initiative of California (APIC) to help local leaders understand asset poverty in their communities. To be exact, 46% of households in Los Angeles are ... http://www.assetpolicy.org/blog/archives/97 http://www.assetpolicy.org/blog/archives/94 The California Homeownership Preservation Initiative has announced that over the next two years, mortgage counseling agencies will receive $5 million to conduct outreach, hire, and train mortgage counselors throughout the state. It is predicted that half a million California mortgage borrowers will struggle to make payments on their home ... http://www.assetpolicy.org/blog/archives/93 Now that Congress and the White House have agreed on an economic stimulus package to spur spending and try to keep the U.S. economy from going into recession (if it isn’t there already), it’s time to think about ways to encourage more saving and investing in America. Millions of Americans are ... http://www.assetpolicy.org/blog/archives/88