News & Event
Where: Providence Career and Technical Academy, 41 Fricker Street Providence, RI 02903
When: Monday, November 6, 2017 at 5:30
Mayor Jorge Elorza, Councilwoman Mary Kay Harris in partnership with Neighborhood Preservation, Inc. & the University of Memphis School of Law invite you to a conversation about addressing vacant and abandoned properties in Providence.
As a community stakeholder we encourage you to learn about our efforts and provide feedback. We hope that you join us in this effort to revitalize our neighborhoods in the Creative Capital.
Spanish-language interpretation and childcare will be provided during the conversation. If you have any questions, please email Ariel Pittner at email@example.com.
Boston– October 30, 2017 – Santander US CEO Scott Powell today announced Santander’s “Inclusive Communities” plan, Santander Bank’s new $11 billion, agreement with the National Community Reinvestment Coalition (NCRC) to increase lending, community development, and charitable giving. The plan outlines Santander’s commitment to communities across its eight-state northeastern U.S. footprint for 2017 through 2021, during which time Santander will increase its Community Reinvestment Act (CRA) activity by 50 percent and triple its investment in charitable grants.
Over the next five years, Santander will provide:
- $4.2 billion in residential mortgage loans for low- to moderate income families
- $1.9 billion in small business lending
- $3 billion in community development lending
“This plan is the foundation of Santander’s approach to supporting the communities where we live and work,” said Powell, CEO of Santander US, the Bank’s U.S. holding company. “We recognize that Santander’s success is directly linked to the prosperity of our communities’ families, businesses and neighborhoods. By increasing lending, investments and financial education opportunities, we hope to boost the long-term economic success of low- and moderate-income individuals and neighborhoods.”
Powell announced “Inclusive Communities” at a meeting this morning in downtown Boston where he was joined by officials from the City of Boston, other public officials, and National Community Reinvestment Coalition (NCRC) President and CEO John Taylor.
"This is a good day for people in New Hampshire, Connecticut, Rhode Island, New York, New Jersey, Pennsylvania, Delaware and my home state of Massachusetts,” said John Taylor, NCRC President and CEO. I want to applaud Santander for committing 11 billion in investments for underserved neighborhoods over the next five years. Santander’s leadership showed a special dedication to working with community leaders and better understanding the credit needs in the areas they serve. We are very pleased that this commitment, and especially the 10 new bank branches, will help individuals build wealth and neighborhoods build their economies."
“Inclusive Communities” was developed with significant input from and collaboration with more than 100 community-based organizations throughout the Bank’s footprint. Supported and facilitated by the NCRC, an extensive ten-month long process helped identify emerging community needs and strategies aimed at addressing the challenges faced by underserved communities in Santander’s key markets.
Read a in depth summary of Santander's "Inclusive Communities" agreement here
In addition to the Bank’s financial commitments, Santander is establishing a national Community Advisory Board (CAB) comprising representatives of not-for-profit community development organizations and financial inclusion advocates, as well as community development policy organizations, and representatives of local or state economic development or housing agencies. Members of the CAB are:
The Bank is also establishing statewide/regional advisory boards in its footprint to ensure ongoing community input and will be enhancing its current Community Development and CRA teams with the addition of 17 new positions in the coming years.
Local leaders applaud the agreement:
"ANHD applauds Santander for creating this new CRA plan. They listened to over 100 community based organizations to create a plan that is reflective of community needs throughout the bank's footprint, including New York City. We also appreciate the creation of national and regional community advisory boards, which put the structure in place to implement, monitor, and adjust the plan to ensure it has the greatest impact. We look forward to working with the bank to put this plan into action,” Benjamin Dulchin, Executive Director, Association for Neighborhood and Housing Development.
“New Jersey Citizen Action has had a longtime partnership with Santander Bank and its predecessor, Sovereign Bank. The bank's $11 billion commitment in mortgages, small business loans and community development lending will provide loans, access to capital and affordable housing for thousands of New Jerseyeans. I look forward to serving on the bank's National Community Advisory Board and working with Santander to ensuring that these dollars are reinvested in our communities,” Phyllis Salowe-Kaye, Executive Director, New Jersey Citizen Action.
“The effort behind this plan will ensure that those who live and operate businesses in developing neighborhoods can benefit, including immigrants and communities of color,” John Chin, Executive Director, Philadelphia Chinatown Development Corporation.
“As a leading Center for Independent Living for People with Disabilities in the greater Philadelphia Area, we applaud Santander's commitment to the community and our desire to increase affordable and accessible housing opportunities for the many Seniors and People with Disabilities who we serve throughout the region,” Thomas H. Earle, Esquire, Chief Executive Officer, Liberty Resources, Inc.
"Santander has had a long and impactful presence in the Greater Reading community. We look forward to continue working with Santander Bank and its team members in implementing this comprehensive plan, particularly in downtown Reading, where they have a large workforce and occupy almost 1/4 million sf of office space, in addition to having its name on the Santander Arena & the Santander Performing Arts Center," Edward Swoyer, President, Greater Berks Development Fund.
“This is an exciting and groundbreaking agreement that will improve our communities and transform lives. It demonstrates that banks and the communities they serve can thrive together when they work together. We congratulate Santander, NCRC, and the dozens of community based groups who worked so hard to make this happen,” Joseph Kriesberg, President & CEO, Mass. Association of Community Development Corporations.
“We believe this agreement with Santander Bank will go a long way in helping LMI communities in Waterbury CT. It provides a framework and capital for the hard-working people of the Northend section of town to rebuild a vibrant community,” Pastor Rodney Wade, President, Concerned Black Clergy Council of Waterbury.
“The Community Reinvestment Act is an important tool that empowers people in many ways. For example, the act can be used to conduct community development. As far as I am concerned, it protects LMI communities from senseless crime and violence,” Angela Mciver, Chief Executive Officer, Fair Husing Rights Center in Southeastern Pensylvania.
“This was a unique opportunity to work with fellow community organizations to determine priority needs and where we want Santander to direct their resources to help address those needs. It was also an opportunity for Santander to gain a better understanding of their community responsibility and measures needed to implement in the future. Represented organizations put a great deal of time and care into this process to ensure fairness and optimize outcomes for the communities we serve,” Majeedah Rashid, Chief Operating Officer, Nicetown Community Development Corporation.
"MAHA looks forward to continuing our partnership with Santander in reaching low- and moderate-income first-time homebuyers as we both seek to close the large racial wealth gap in Massachusetts", Symone Crawford, board president, Massachusetts Affordable Housing Alliance.
"Obviously, Home Ownership is the foundation upon which strong, thriving communities are based. We welcome the proactive steps being taken by Santander and we look forward to many years of success. Together, we can be the change that our communities need - one house at a time, one block at a time, one neighborhood at a time..." Stephen T. Gieringer, Executive Director, Neighborhood Housing Services of Greater Berks, Inc.
Partners in the Community Benefits Agreement:
Santander Bank, N.A. is one of the country’s largest retail and commercial banks with more than $79 billion in assets. With its corporate offices in Boston, the Bank’s 9,700 employees, more than 650 branches, 2,100 ATMs and 2.1 million customers are principally located in Massachusetts, New Hampshire, Connecticut, Rhode Island, New York, New Jersey, Pennsylvania and Delaware. The Bank is a wholly-owned subsidiary of Madrid-based Banco Santander, S.A. (NYSE: SAN) - one of the most respected banking groups in the world with more than 125 million customers in the U.S., Europe, and Latin America. It is managed by Santander Holdings USA, Inc., Banco Santander’s intermediate holding company in the U.S. For more information on Santander Bank, please visit www.santanderbank.com.
Santander Holdings USA, Inc. (SHUSA) is a wholly-owned subsidiary of Madrid-based Banco Santander, S.A. (NYSE: SAN) (Santander), one of the most respected banking groups in the world with more than 125 million customers in the U.K., Europe, Latin America and the U.S. As the intermediate holding company for Santander’s U.S. businesses, SHUSA includes six financial companies with more than 17,500 employees, 5.2 million customers and assets of over $135 billion. These include Santander Bank, N.A., one of the country’s largest retail and commercial banks by deposits; Santander ConsumerUSA Holdings, Inc. (NYSE: SC), an auto finance and consumer lending company; Banco Santander International of Miami; Banco Santander Puerto Rico;Santander Securities LLC of Boston; and Santander Investment Securities Inc. of New York.
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About the Housing Network of Rhode Island
The Housing Network of Rhode Island (HNRI) is the State’s membership organization for non-profit agencies that are committed to the development of affordable housing and vital communities across Rhode Island. HNRI is committed to strengthening its affordable housing member organizations and the larger affordable housing and community development sectors. HNRI pursues this commitment by convening members and allied organizations to secure and share resources, identify and pursue opportunities and learn from one another; building capacity amongst our member organizations to address their technical and organizational needs; advocating for policies and programs to further the development and preservation of affordable housing and the economic development of our neighborhoods; and championing efforts to expand the State’s supply of affordable housing.
Housing Opportunities Initiative Overview
The Housing Opportunities Initiative (HOI) is a cross-sector coalition of partners that is seeking to transform the state’s under-resourced affordable housing system and create a common agenda to increase the supply of safe, healthy and affordable housing throughout Rhode Island, equitably reducing the housing cost burden for low and moderate income residents over the next decade. Partners are approaching this challenge through concentrated work efforts in four key areas: increasing community engagement in affordable housing issues, reducing high development costs, increasing investment and building capacity in the affordable housing “system”, and making existing homes safer, healthier, and more affordable to maintain.
The HOI employs a collective impact approach in addressing the state’s affordable housing challenge. Collective impact initiatives are characterized by building a common agenda, establishing a system of shared measurement, fostering mutually reinforcing activities, encouraging continuous communication and supported by a strong “backbone” organization. Collective impact principles include a commitment to equity, inclusion, building relationships based on mutual trust and respect, and cultivating leadership skills.
Position Description Overview
The Housing Network of Rhode Island is seeking a dynamic and passionate individual to develop and implement a robust community engagement strategy that is focused on building a grassroots network of residents and leaders who are committed to increasing affordable housing opportunities for low and moderate-income Rhode Islanders and coordinate communications and messaging activities across partners.
Working closely with HNRI staff and partners, the Community and Partner Engagement Specialist will build on key recommendations from the HOI Community and Political Engagement Strategy Team, encompassing the following: increasing the public’s understanding of Rhode Island’s lack of affordable housing and the impact this has on our communities’ wellbeing, education, health, and economic development; educating community members about the issues of homelessness and affordable housing; and supporting the communications infrastructure of Housing Opportunities Initiative cross-sector coalition.
With support from HNRI Director, HOI Manager, consultants, and current partners, provide capacity and help build the infrastructure for coordinated messaging among homeless service providers, CDCs and nonprofit developers, housing advocates, and other system actors.
Build on existing relationships and cultivate new partnerships to establish an assets-based, grassroots network that supports community ownership of the issues of homelessness and affordable housing through one-on-one meetings, outreach, and networking.
Work with partner organizations to ensure alignment of HOI community engagement strategy with allied organizational efforts and campaigns through various forms of information-sharing.
Support opportunities for partnership and collaboration among homeless service providers and housing development organizations.
Ensure the effective and meaningful inclusion of constituents most directly affected by lack of affordable housing in engagement efforts, including refugees, low-income tenants, low-income seniors, individuals with disabilities, and people of color, and residents who are housing cost-burdened.
Conduct outreach to orient and engage new residents, partners, and other stakeholders to the issue.
Design and facilitate presentations, information sessions, and community meetings to educate and engage residents and other stakeholders in the Housing Opportunities Initiative.
Utilize data from local polls, surveys and focus groups and incorporate resident and stakeholder feedback to appropriately tailor messaging to specific communities / constituents.
Identify and support the growth of resident leaders through training, skill-sharing, and one-on-one meetings.
Engage community members and other partners using a variety of communications tools with attention to accessibility, including social media, newsletters, and face-to-face opportunities for interaction.
In consultation with HNRI staff and consultants, HOI partners and allied organizations, design strategy for a resident empowerment and training program to promote and grow leadership among those directly impacted by the issue.
Create and disseminate educational materials related to the goals of the HOI
Represent the Housing Opportunities Initiative in the community and at various meetings and events.
Required Knowledge, Skills, and Qualities:
Education / experience equivalent to a four-year degree from an accredited college or university
Demonstrated experience engaging with diverse groups of constituents / stakeholders with ability to gain trust and spark interest among community members
Excellent written and oral communications skills, including the ability to draft newsletters or brief articles, make presentations, and conduct trainings
Superior interpersonal skills including the ability to negotiate conflicts or disagreements, active listening and reflecting, ability to connect and collaborate with others
Culturally sensitive and committed to principles of equity and inclusion of marginalized groups
Commitment to social justice and strong interest in ensuring safe, healthy and affordable housing for all
Understanding or interest in basic functions and aspects of state and federal government and political process
Willingness to accept feedback and to incorporate new research, findings, and best practices into work
Ability and willingness to travel throughout the State of Rhode Island (must have access to reliable transportation)
Bilingual / bi-literate in English and Spanish
Bachelor’s Degree in Communications, Marketing, Community Development, Political Science or a related field from accredited college or university
1-2 years of experience in communications, journalism, or public relations work, including marketing and messaging strategy development, working with various forms of print and social media, event planning support
Experience working on issues of homelessness, affordable housing, or community / economic development
Understanding and familiarity with Rhode Island and its unique and distinct communities
$37,000 - $42,000 plus benefits
Please e-mail a resume and a cover letter explaining interest in the position and qualifications to Ms. Melina Lodge at HR@housingnetworkri.org on or before February 13th, 2018. Please include the position title in the subject heading of your e-mail.
Alan Berube, Monday, February 5, 2018
Research has historically framed income inequality as a national issue, one best addressed through national monetary and fiscal policies that raise demand for labor and redistribute resources from the rich to the poor. Yet widening disparities across and within places in the United States, revealed in debates around wages, housing affordability, and public safety, have motivated policymakers and researchers to pay increased attention to inequality’s local dimensions.
Now, many cities’ aggressive bids for Amazon’s second headquarters are heightening anxieties that the company’s expansion could further accelerate inequality wherever it eventually lands (as many say it has in Seattle). The debate about Amazon fits into a wider set of concerns about the tech sector’s role in contributing to income inequality, via the winner-take-all dynamics of the digital economy.
Amid these currents, this piece updates previous Brookings Metro analysesto examine trends in household income inequality in the 100 largest U.S. metropolitan areas and their most populous central cities from 2014 to 2016. As with earlier analyses, it uses data from the U.S. Census Bureau’s American Community Survey on household income at the 95th percentile of the distribution (i.e., where only 5 percent of households earn more) and the 20th percentile of the distribution (i.e., where 20 percent of households earn less). It uses the ratio between those incomes as a principal measure of inequality in cities and metro areas. Key findings include:
Among big cities, Atlanta and Washington, D.C. exhibited the highest rates of income inequality in 2016. The top 5 percent of households in these cities earned incomes at least 18 times as high as the bottom 20 percent of households. Relatively wealthy cities including Boston, New York, and San Francisco, as well as cities struggling with high poverty such as Buffalo, Miami, New Orleans, and Providence, also registered high rates of income disparity. In general, older cities with fewer middle-class neighborhoods and larger amounts of subsidized housing tended to exhibit higher inequality. Newer, more geographically expansive cities such as Columbus, Jacksonville, and Virginia Beach, as well as those with stronger middle-class employment like Allentown and Oxnard, had among the lowest levels of income inequality.
Levels of inequality in cities reflect broader income disparities in metropolitan areas. Four of the 10 cities with the highest levels of inequality are located in one of the 10 most unequal metropolitan areas (Boston, New Orleans, New York, San Francisco). Conversely, three of the cities with the lowest levels of inequality are located in one of the 10 most equal metropolitan areas (Des Moines, Lakeland, Virginia Beach). This indicates that city inequality reflects not only local housing dynamics but also wider industrial and income patterns in the regional labor market. Notably, three regions along Utah’s Wasatch Front—Salt Lake City, Provo, and Ogden—exhibit the lowest levels of income inequality among their metropolitan peers.
More cities experienced declines in income inequality from 2014 to 2016 than saw increases. While few cities overall saw income disparities between rich and poor households change by a statistically significant margin, among those that did, declines in income inequality (eight) outnumbered increases (five). From 2014 to 2016, high-income households in 30 cities logged significant income gains, as did low-income households in 34 cities. (In only one city—Rochester—did low-income households suffer a statistically significant income decline.) The net effect reduced income disparities in Charlotte, Dallas, Jackson, Jacksonville, Kansas City, Knoxville, Louisville, and Salt Lake City, but pushed them higher in Baltimore, Detroit, Omaha, Rochester, and Washington, D.C.
In contrast to the city pattern, increases in metropolitan income inequality outnumbered declines. From 2014 to 2016, 12 metropolitan areas registered a statistically significant increase in income inequality. In most of those places, high-income households enjoyed income gains while low-income households did not. In Honolulu and San Jose, top incomes rose by an estimated $60,000 in two years’ time, but did not change significantly for low earners. Only eight metro areas achieved declines in income inequality, with lower-income households posting larger income gains (in percentage terms) than higher-income households in most of those markets. Metro areas where income disparities narrowed included many of the cities—Charlotte, Dallas, Kansas City, Knoxville, and Louisville—where income inequality declined, as well as Boston, New Haven, and Salt Lake City.
Some cities posted stunning increases in top incomes from 2014 to 2016. The most astonishing changes in the mid-2010s occurred among high-income households in a few cities characterized by booming technology economies. In just two years, incomes for 95th percentile households in San Francisco rose nearly $120,000. (Median home sales prices, meanwhile, increased by $250,000.) Austin and Seattle posted increases of nearly $65,000 for high-income households, while high household incomes in San Jose rose by more than $50,000. Raleigh topped all cities for 20th percentile income growth at $7,200, which was large in percentage terms (30 percent) but a far cry in absolute terms from the $35,000 increase the city posted at the 95th percentile level.
Income trends at the top of the distribution in cities and metro areas had little relationship to trends at the bottom of the distribution from 2014 to 2016. In cities and metro areas where high-income households posted the greatest gains, low-income households didn’t fare any better or worse than those in other cities. For instance, although 20th percentile incomes in Austin, San Francisco, and Seattle rose by significant margins, they failed to increase significantly in other cities where 95th percentile incomes boomed, such as Baltimore, Denver, San Jose, and Washington, D.C. At the same time, incomes at the lower end of the distribution grew significantly in several cities—Boston, Charlotte, Louisville, Salt Lake City—where top incomes did not.
For those concerned about the effects of high inequality in the United States generally, and in our large urban centers specifically, these city and metropolitan income trends from 2014 to 2016 present some quandaries.
On the one hand, the trends indicate that ameliorating inequality is possible. In several places, low-income households achieved faster income gains than high-income households.
On the other hand, even as a tighter labor market began to drive up wages in the mid-2010s, the relative gap between the rich and poor still widened in a number of cities and metro areas. And even in places where low- and high-income households made comparable progress in percentage terms, the absolute income difference between rich and poor often grew substantially. The inequality ratio did not change in San Francisco, but the distance between its 20th and 95th percentile incomes grew by an estimated $114,000.
Moreover, at least in the short run, city and metropolitan income trends do not suggest the existence of a rising tide lifting all boats, but rather separate ebbs and flows for households at different extremes of the distribution. Even if, as Enrico Moretti and other researchers suggest, local innovation economies generate greater opportunities for workers in less-skilled industries, those opportunities may not materialize overnight, and low-income workers and families could get priced out of a city in the meantime.
While this analysis is too brief to identify the underlying economic or policy factors that may explain those disparities, Brookings Metro’s forthcomingMetro Monitor update will shed further light on how and why economic inclusion is changing in metropolitan areas. Regardless, the distinctively local dynamics of inequality in our major urban areas reaffirm the importance of local leadership for understanding and improving access to economic opportunity for lower-income households in ways that reduce disparities over the longer term.
Cecile Murray provided valuable research assistance for this analysis.
Courtesy of Brookings
Courtesy of Enterprise
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