Planning for the Commonwealth’s Economic Rebound

PEOPLE, PLACE, & OPPORTUNITY Planning for the Commonwealth’s Economic Rebound January 12, 2009 Massachusetts State House john a. powell Executive Director The Kirwan Institute for the Study of Race & Ethnicity The Ohio State University [email_address] Funded by Massachusetts Legal Services Programs

Overview ,[object Object],[object Object],[object Object],[object Object]

What are the costs of opportunity isolation? ,[object Object],[object Object],[object Object],[object Object]

Racial Isolation & Segregation Depress Overall Well-Being: Societal Cost ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Wasted Creative Capacity Figure from Atkinson and Wial, “Boosting Productivity, Innovation, and Growth through a National Innovation Foundation,” Brookings Policy Brief available at http://www.brookings.edu/reports/2008/04_federal_role_atkinson_wial.aspx

Fragmented & under-funded plans Figure from Mills and Reynolds, “Clusters and Competitiveness: A New Federal Role for Stimulating Regional Economies.” Brookings Institute Policy Report available at http://www.brookings.edu/reports/2008/04_competitiveness_mills.aspx Collaboration $$

Urban Inequities Encourage Sprawl (& sprawl impairs public health…) ,[object Object]

Opening pathways to opportunity… ,[object Object],[object Object],[object Object],[object Object],[object Object]

Where do we go from here? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Crisis and Transformation ,[object Object],[object Object]

Crisis…transformative change ,[object Object],[object Object],[object Object],[object Object]

This moment is an opening ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],DEMOCRACY

Opportunity is mediated ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Opp’y is differential… ,[object Object],[object Object],[object Object]

Redesigning institutions ,[object Object],[object Object],[object Object]

Fair Housing Law …Beyond Enforcement ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Mortgage finance went from a two- to a three-party system… (Slide 1) The Post Depression FHA Era: The Three Party Mortgage Market Pre Depression: The Two Party Housing Market Based on research by Chris Peterson, University of Utah Law School

Created by Chris Peterson, University of Utah Law School … to this! Today: The web of actors and institutions involved in the sub prime lending and mortgage securitization market

Where do we go from here? Sustainable economic development ,[object Object],[object Object]

Remedying Opportunity Isolation ,[object Object],[object Object],[object Object],[object Object],Section 4

How can we advocate for opportunity communities?

Example: Neighborhood Revitalization ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Connecting Multiple Domains: e.g. Housing and Schools: Housing Discrimination  Segregation  Dysfunctional Schools (How can we reverse this pattern?) High Opportunity Low Opportunity

Example: Opportunity Based Housing - Integration into Opportunity ,[object Object],[object Object],[object Object]

Example: Opportunity Based Housing in Practice (Baltimore – Thompson Litigation) ,[object Object],[object Object],[object Object]

Proposed remedy identifies Communities of Opportunity ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Minimize depth of exposure ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],* James Lin and Jared Bernstein , What we need to get by. October 29, 2008 | EPI Briefing Paper #224

Intervention Strategies for Building Opportunity Communities ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Section 5

Strategic Opportunities for Change ,[object Object],[object Object]

Conclusion: A Call for Collective Advocacy and Action ,[object Object],[object Object],[object Object],[object Object]

Planning for the Commonwealth’s Economic Rebound

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