SoutheastNeighborhoodStrategicActionPlan_January1995_Current

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Southeast Quality of Life Strategic Neighborhood Action Plan little control over the types of jobs created and the numbers of jobs filled by neighborhood residents. Consequently, CDCs are looking for strategies that work to build assets for residents and their organizations more directly. The accumulation of assets is a difficult concept for many due to their orientation toward today and a difficult practice due to the extreme limitation of their incomes. Moreover, to those on public assistance, the accumulation of assets is severely limited by their eligibility for public assistance. That fact notwithstanding a focus on the future with a gradual building of assets overtime would, to those who succeed, provide one of the few real bridges out of poverty for the individual and to self-sufficiency for the neighborhood. Two ideas proposed in the Capacity Building Working Paper were set aside by the task force because they were considered to be too far in the future to be relevant currently. They have been developed here to provide examples of potential projects for the long-term health of SEAL, the neighborhood, and its residents. One idea is intended for the building of individual assets for children and youth, and a second idea is intended to build the assets of the organization through business ownership. Individual Development Accounts for Education Goal: To help Youth residents of the neighborhood develop a future orientation through saving money for educational purposes Project: To create a savings account for young, school age, residents of the neighborhood to encourage them to save and focus toward the long term goal of education. Deposits made by the youth would be matched by the neighborhood through a variety of sources. Assets: Studebaker Elementary Riley High School area banks Urban Enterprise Association 79