Showing posts with label #WealthEquity. Show all posts
Showing posts with label #WealthEquity. Show all posts

Saturday, April 13, 2024

πŸ’°IMSPARK: Equitable Foundations: Building Homeownership Dreams in the PacificπŸ’°

 

πŸ’°Imagine... Equitable Foundations: 

Building Homeownership Dreams in the PacificπŸ’°

πŸ’‘ Imagined Endstate: 

A future where Pacific communities experience no disparities in homeownership costs, ensuring equal economic opportunities and thriving indigenous cultures.

πŸ”— Link: 

πŸ“š Source: 

Banga, H., Feir, D. L., & Gregg, M. T. (2024). Understanding the Unequal Costs of Native American Homeownership. Federal Reserve Bank of Minneapolis.

πŸ’₯ What’s the Big Deal: 

The recent study on the unequal costs of Native American homeownership sheds light on significant disparities in home loan prices between Native Americans and Whites🏠. This is a big deal for Pacific communities🌊, where indigenous populations often face similar challenges. The study reveals that differences in credit scores and loan amounts do not fully account for these disparities, pointing to systemic issues that need to be addressed. 

For the Pacific, this means advocating for fair lending practices and financial education to ensure that indigenous peoples have equal access to homeownership✊, which is key to community stability and cultural preservation🌿. Addressing these disparities is not just about fairness; it’s about strengthening the entire fabric of Pacific societies by empowering all members with the opportunity to build wealth and security through homeownership.

#CulturalPreservation,#WealthEquity,#FairLending,#CommunityStability,#HomeownershipEquality,#PacificCommunities,#IndigenousProsperity,#EconomicOpportunity,#IMSPARK,#AssetsDevelopment, 


Tuesday, February 27, 2024

🏘️ IMSPARK: Smart and Sustainable Zoning🏘️

 πŸ˜️ Imagine... Smart and Sustainable Zoning🏘️

πŸ’‘ Imagined Endstate: 

Communities will adopt and implement the National Zoning Atlas. This collaborative project aims to digitize, demystify, and democratize information about zoning codes across the U.S. 

πŸ”—Link:

Ref Here

πŸ“šSource: 

National Zoning Atlas. (2024). About the National Zoning Atlas. 

πŸ’₯ What’s the Big Deal: 

Using the online, interactive map of the National Zoning Atlas, the Pacific region will be able to compare and analyze the zoning regulations of different jurisdictions and identify the best practices and opportunities for improvement. 🧱Communities will also use the National Zoning Atlas to promote intelligent and sustainable zoning, which supports the goals of housing affordability, economic development, environmental protection, and social equity. 

Zoning is a powerful and influential factor that shapes the physical, social, and economic landscape.  🌊Zoning determines what can be built, where, and how, and it significantly impacts the availability and quality of housing, transportation, infrastructure, and public services in a given area.πŸš— However, the complexity and lack of transparency of zoning regulations can make it difficult for the public to understand and navigate the system, as it varies widely among thousands of local governments.  🌳The National Zoning Atlas is a groundbreaking initiative that aims to unlock the black box of zoning and make it more transparent, consistent, and accessible. Communities can benefit from using the National Zoning Atlas, as it can help people understand the impacts and implications of zoning and enable them to make informed and confident decisions about land use planning and policy.


#NationalZoningAtlas, #Zoning, #LandUse,#Sustainability,#WealthEquity,#Inclusion,#IMSPARK

Wednesday, February 7, 2024

🌐IMSPARK: A Pacific Future with Inclusive Financial Systems🌐

🌐Imagine… A Pacific Future with Inclusive Financial Systems🌐




πŸ’‘ Imagined Endstate: 

The Pacific region has successfully built an inclusive financial system that provides access and opportunity for all its residents, especially the low-income, unbanked, and underserved populations. The region has fostered a culture of innovation, trust, and leadership, where financial services and products are designed and delivered to meet the diverse and evolving needs of the people.


πŸ”—Link:

Ref Here


πŸ“šSource: 

Wallace, M.,  BorΔ‘, E., & Griffin, K.  (2023). Building an inclusive financial system: A global economic & social imperative for this decade. Aspen Institute. 

 

πŸ’₯ What's the Big Deal: 


Wallace et. al (2023) report reveals that an inclusive financial system is essential for achieving global economic and social goals, such as reducing poverty, promoting equality, and enhancing resilience.🏦The report also identifies an inclusive financial system's key elements and challenges, such as access, affordability, quality, diversity, and regulationπŸš€The report proposes a framework and a roadmap for action to advance inclusive financial systems at the global, regional, and national levels.

 An inclusive financial system is a crucial opportunity for the Pacific region, as it can provide a reliable and nutritious source of protein for its growing population, especially in the face of climate change, overfishing, and marine pollution. πŸŒ…The Pacific region can enhance its economic growth, social cohesion, and political stability by building an inclusive financial system.πŸ’ΈAn inclusive financial system can also support the region's innovation, trust, and leadership, providing access to well-being and prosperity.

 #InclusiveFinancialSystem,#WealthEquity,#PacificDiversity,#Access,#Opportunity,#Innovation,#IMSPARK, #Unbanked, #low-income, #underserved,#RICEWEBB,



Thursday, January 25, 2024

πŸ’³ IMSPARK: A Pacific Future with Inclusive Financial SystemsπŸ’³


πŸ’³ Imagine… A Pacific Future with Inclusive Financial SystemsπŸ’³ 


πŸ’‘ Imagined Endstate: 

The Pacific region has successfully built an inclusive financial system that provides access and opportunity for all its residents, especially the low-income, unbanked, and underserved populations. The region has fostered a culture of innovation, trust, and leadership, where financial services and products are designed and delivered to meet the diverse and evolving needs of the people.

πŸ”—Link: 

πŸ“šSource: 

Wallace, M., & Rademacher, I. (2023). Building an inclusive financial system: A global economic & social imperative for this decade. Aspen Institute. 

πŸ’₯ What’s the Big Deal: 

The report by Wallace and Rademacher (2023) reveals that an inclusive financial system is essential for achieving global economic and social goals, such as reducing poverty, promoting equality, and enhancing resilience. 🌏The report also identifies the key elements and challenges of an inclusive financial system, such as access, affordability, quality, diversity, and regulationπŸ™Œ The report proposes a framework and a roadmap for action to advance inclusive financial systems at the global, regional, and national levels. ⚖️An inclusive financial system is a key opportunity for the Pacific region, as it can empower its residents to participate in and benefit from the digital economy, especially in the face of global challenges such as climate change, health crises, and digital divide. πŸ’» By building an inclusive financial system, the Pacific region can enhance its economic growth, social cohesion, and political stability. πŸ’° An inclusive financial system can also support the region’s innovation, trust, and leadership, and enable more people to access financial services and products that improve their well-being and prosperity.



#InclusiveFinancialSystem, #PacificFuture, #Access, #Opportunity, #Innovation, #Apsen,#WealthEquity,#IMSPARK,#RICEWEBB,


Saturday, January 6, 2024

πŸͺœIMSPARK: tax benefits accessible and easy for people with disabilities πŸͺœ

 πŸͺœImagine… Tax Benefits Accessible and Easy for People with Disabilities πŸͺœ




πŸ’‘ Imagined Endstate:

In this world, people with disabilities can claim tax credits and deductions that help them reduce their taxable income and increase their refunds. 

πŸ”— Link:

Tax Benefits for Individuals with Disabilities

πŸ“š Source:

Internal Revenue Service. (2021, January). Tax Benefits for Individuals with Disabilities. IRS.

πŸ’₯ What’s the Big Deal:

Taxes can be a complex and challenging issue for anyone, but especially for people with disabilities. According to the IRS, people with disabilities may qualify for various tax benefits that can help them lower their tax liability and increase their financial security.πŸ‘ However, many people with disabilities may not be aware of these benefits or how to claim them.πŸ€” That is why it is important to provide them with accurate and accessible information and guidance on how to file their taxes and take advantage of the tax benefits that they are entitled to.They can also use tax-free savings accounts and trusts to plan for their future needs and goals. There is guidance on how to file their taxes and take advantage of the tax benefits that they are eligible for, and assist them in awareness of the tax-related resources and services that are available to assist them.πŸ‘ By doing so, we can not only support their economic well-being, but also recognize their rights and contributions as taxpayers and citizens.


#IMSPARK, #TaxBenefits, #DisabilityRights, #FinancialSecurity,#AssetsDevelopment,#WealthEquity, #TaxCredits, #IRS

Wednesday, January 3, 2024

🏘️ IMSPARK: Community Wealth Building Models🏘️ (VIDEO)



🏘️ IMSPARK: Community Wealth-Building Models for Economic and Social Justice 🏘️


In this episode, we delve into the visionary world of community wealth-building models, imagining a society where control over assets and resources is in the hands of the people. πŸ’‘ It's a journey towards equitable and democratic wealth sharing.

πŸ”— [Insert Link to Your Video]

πŸ“š Source: 

Theodos, B., Marx, R., & Nunna, T. (2023). *Community Wealth-Building Models*. Urban Institute.

πŸ’₯ What’s the Big Deal?

This episode explores innovative models aiming to expand asset ownership and community wealth-building, particularly for those historically excluded. Learn about community land trusts, limited equity cooperatives, social enterprises, and community development financial institutions.

🀝 Models:

- **Community Land Trusts:** Understanding the concept and operation.
- **Limited Equity Cooperatives:** Exploring benefits and functionality.
- **Social Enterprises:** Highlighting their role in wealth-building.
- **Community Development Financial Institutions:** Describing functions and significance.

πŸš€ Examples: 

Discover successful projects employing these models in various contexts and sectors, illustrating their effectiveness in creating inclusive and sustainable economic development.

🌳 Conclusion: 

Join us as we summarize how these models contribute to more inclusive and sustainable economic development, empowering individuals and communities to shape their own 


Sunday, December 24, 2023

πŸ™️IMSPARK: Providing for Cities in NeedπŸ™️

πŸ™️Imagine... Providing for Cities in NeedπŸ™️


πŸ’‘ Imagined Endstate: 

A society where every city provides adequate resources and opportunities for its residents, regardless of their income, education, health, or housing status.

πŸ”— Link: 

Ref Here

πŸ“š Source: 

WalletHub. (2023). Cities with the Highest and Lowest Population in Need. 

πŸ’₯ What’s the Big Deal: 

This report ranks 182 U.S. cities based on 28 indicators of economic hardship and social disadvantage, such as child poverty, food insecurity, uninsured rate, and homelessness.πŸ’°It reveals the stark disparities among cities in terms of the well-being and quality of life of their populations.πŸ“ŠThe report also highlights the factors that contribute to the high or low levels of need in each city, such as the local economy, public policies, social services, and community engagement. πŸ‘₯ report aims to raise awareness and inspire action to address the challenges and needs of the most vulnerable groups in our society. 



#Cities, #Resources,#ChildPovertyData,#WealthEquity, #disparities, #IMSPARK

Friday, December 22, 2023

🏠IMSPARK: Affordable Housing Solutions for Hawaii Residents🏠

🏠Imagine... Affordable Housing Solutions for Hawaii Residents🏠



πŸ’‘ Imagined Endstate:
 

Hawaii becomes a place where people can afford to live in quality housing that meets their needs and preferences, without sacrificing their economic and social well-being.

πŸ”— Link:

πŸ“š Source: 

Ing, R. (2023, April 6). It looks like any other housing, but it’s affordable thanks to different financing arrangements. Civil Beat.

πŸ’₯ What’s the Big Deal: 

Hawaii faces a severe affordable housing crisis that forces many local residentsπŸ‘©‍πŸ‘©‍πŸ‘§‍πŸ‘¦ to leave the state or live in substandard conditions. 🌺This article explores some of the possible solutions that have been implemented in other countries, such as co-operative housing, public loans, and prioritization of local needs.🌈These solutions could help Hawaii create more housing options that are accessible, sustainable, and community-oriented, and prevent the loss of its culture and people.

 

#AffordableHousing,#AssetsDevelopment,#WealthEquity,#Socio-EconomicDeterminant,#Co-operativehousing,#SustainableFuture,#IMSPARK

Sunday, December 10, 2023

🌎IMSPARK: How the World’s Wealth Distribution is Changing🌎

🌎Imagine... How the World’s Wealth Distribution is Changing πŸŒŽ


                                                                           (Courtesy Visual Capitalist)
πŸ’‘ Imagined Endstate: 

A more equitable and sustainable global economy where everyone has access to opportunities and resources. 

πŸ”— Link: 

More Info Here

πŸ“š Source:

 Visual Capitalist. (2023, November 29). Who controls global wealth? [Infographic

πŸ’₯ What’s the Big Deal: 

The world’s wealth distribution is highly skewed, with millionaires holding nearly half of the net household wealth. πŸ™ŒHowever, this share is projected to decline slightly by 2027, as the global middle class expands and more people move out of poverty. πŸš€ Understanding how wealth is distributed and changing can help us address the challenges and opportunities of economic development. 


#WealthEquity,#WealthGap, #GDP,#globalmarket,#IMSPARK, 

 

Wednesday, November 22, 2023

🎯IMSPARK: Strengthening and Modernizing the Community Reinvestment Act: A Joint Regulatory Initiative🎯

 πŸŽ―Imagine... Strengthening and Modernizing the Community Reinvestment Act: A Joint Regulatory Initiative🎯

πŸ’‘Imagined Endstate:  

Encouraging financial institutions to actively contribute to the growth and well-being of their communities, particularly in low- and moderate-income areas, through expanded access to credit, investment, and banking services. 

πŸ“š Source:

Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency. (2023, October 24). Strengthening and Modernizing Community Reinvestment Act regulations.

πŸ”—Link:

URL Here

 πŸ’₯ What's the Big Deal: 

The final rule sets forth several key objectives, including fostering financial inclusion, adapting to technological advancements in banking,πŸš€ enhancing clarity and consistency in CRA regulations, and tailoring evaluations to the size and type of banks.πŸ“œ By promoting engagement with underserved communities and aligning regulations with the digital age, the rule endeavors to make the CRA a potent instrument in addressing disparities in access to financial services. Implementation is staged, with most requirements taking effect on January 1, 2026, and full applicability by January 1, 2027.🌐 This initiative represents a commitment to the enduring mission of the CRA in an evolving financial landscape. πŸŒˆBy adapting to the changing landscape of the banking industry, embracing digital banking, and providing clarity in regulations, the rule aspires to create a more inclusive and equitable financial environment.

#CRA,#federalreserve,#WealthEquity,#FDIC,#CommunityEmpowerment,#banking,#IMSPARK 


Sunday, November 19, 2023

✨IMSPARK: The New Wealth Agenda: Charting a Prosperous Future for All✨

 ✨Imagine...  The New Wealth Agenda: Charting a Prosperous Future for All✨

πŸ’‘ Imagined Endstate: 

A 2050 where wealth disparities are dramatically reduced, with households of color and the bottom half of the wealth distribution enjoying a tenfold increase in prosperity.

πŸ”— Link:

 NewWealthAgenda

πŸ“š Source:   

Aspen FSP. (2023). The New Wealth Agenda: Executive Summary.

πŸ’₯ What's the Big Deal:  

The New Wealth Agenda is a bold blueprint for a more equitable America, aiming to uplift households facing financial precarity. 🏑It calls for systemic changes, including guaranteed income,πŸ’°  debt resolution, and innovative homeownership strategies, chartingπŸ“ˆ a course toward inclusive wealth creation.  

#FinancialEquity,#ASPEN,,#WealthEquity,#debt,#homeownership,#Innovation,#IMSPARK, 


Wednesday, November 1, 2023

IMSPARK ALICE (Asset Limited, Income Constrained, Employed) - (VIDEO)



πŸ‘ͺ Welcome to IMSPARK! Explore the paradigm shift in Hawai'i's families with "ALICE Without Malice." πŸ‘ͺ (VIDEO)






πŸ’‘ Imagined Endstate:
Picture a Hawai'i where ALICE (Asset Limited, Income Constrained, Employed) families break free from financial constraints, creating a brighter and more equitable future for all.

πŸ“š Source:
Dive into this enlightening episode based on a July 2023 article from Hawaii Business Magazine, exploring the struggles of Hawai'i's middle class and the nonprofits aiding their financial stability.


πŸ’₯ What's the Big Deal:
In a state notorious for its high cost of living and where 44% of residents struggle to meet basic needs, Hawai'i's ALICE population is forging innovative paths to overcome economic challenges. Witness stories of resilience, creativity, and community support as individuals defy the odds to achieve homeownership, entrepreneurs turn trash into treasures, and families navigate adversity to secure a better future. Even in paradise, living paycheck to paycheck can be daunting. Experience their journey through the impact of COVID-19, igniting their passion to advocate for systemic change, including affordable childcare, paid family leave, and higher minimum wages, all driven by the power of community solutions.



🌱 #ALICE #EconomicMobility #GenerationalPoverty #WealthEquity #InclusiveLiving #CostOfLiving #IMSPARK 🏑


πŸ“–IMSPARK: A Wave of Knowledge: The Unsung Heroes of the Pacific LibrariesπŸ“–

πŸ“–Imagine... A Wave of Knowledge: The Unsung Heroes of the Pacific LibrariesπŸ“– πŸ’‘ Imagined Endstate :  A thriving network of libraries acros...