Policy

NEW’s Policy Work in Helping Families Grow Assets
NEW’s understanding of the fundamental principle that asset accumulation is necessary for economic self-sufficiency resides at the heart of NEW’s work in wealth creation. NEW’s programs and work in the policy arena are focused on giving low-income families the knowledge and tools to accumulate, protect and grow their financial assets – allowing them to gain control over their economic future.

Experts in the field of community development have identified many strategies to help low-income families grow their assets. Among them are:
  1. Provide financial literacy education
  2. Create opportunities and incentives to save
  3. Improve access to mainstream financial services
  4. Promote home ownership
  5. Increase or supplement earnings
  6. Curb predatory lending practices
  7. Expand access to insurance
However, very few strategies are targeted specifically to the unique needs of Latino immigrants and fewer still to the undocumented. NEW takes the strategies listed above a step further through its Proyecto Adelante pilot program, launched in 2009 with funding from the Ford Foundation.  The goal of the pilot program was to educate Latino families about asset protection and development and provide policy recommendations on enhancing the field of asset development. Twenty-seven families participated in the intensive program which was conducted over a seven-month period. The resulting Ethnography and White Paper are available here for download.

Women of Color & Wealth Symposium
First Generation Women Immigrants: Generating New Wealth, Generating a Global Economy.

Economic Security for Women 19: Bea Stotzer from Maya Rockeymoore on Vimeo.

Bea Stotzer, NEW Board President and founding Board Member of National Association for Latino Community Asset Builders (NALCAB), speaking at the 2010 NALCAB Conference on the mission of the organization.