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New Economics for Women

Outcomes
 
         
Accomplishments

NEW’s dedicated staff of 54 employees, guided by the Board of Directors and assisted by numerous organizational partners and collaborators have achieved much. Here are a few highlights.

2008 Program Highlights

Families increased their assets by more than $1 million
32 families purchased their first home
Prevented 26 homes from going into foreclosure (estimated value of over $19 million)
Raised $1,640,00 for health insurance coverage for 820 families through the Healthy Families program
Raised $2,485,000 of revenue for the small businesses
More than 2,500 families received asset education in Financial Literacy - Smart Consumer, Earned Income Tax Credit, Individual Development Account, First Time Home Ownership and Foreclosure Counseling, Family Development Case Management, and business services programs throughout the Los Angeles region
Opened NEW’s Prosperity Community Center and Vista Monterey, 48 units of senior housing, in Los Angeles.
Celebrated the groundbreaking of the third and final phase of the Tierra Del Sol Redevelopment Project – the two-story, 12,000 square-foot Community Center building which will serve as a cultural hub for educational, civic and cultural activities
NEW was invited to address the Women’s Congressional Caucus, Women’s Policy Inc. (WPI), in Washington, D.C. on “Expanding the Middle Class: Paths to Economic Self-Sufficiency for Women and their Families.”
Bank of America selected NEW for its Neighborhood Excellence Initiative Award
Continued to operate over 600 units of affordable housing providing safe, affordable housing in the communities of Pico Union, East Los Angeles, San Pedro and West San Fernando Valley.

Wealth Creation

NEW delivered:

655 pre purchased counseling sessions
$10,737,000 total estimated dollar values of homes purchased
$1,483,032 First-time homebuyer subsidy from government sources
$323,563 average purchased price for each home
154 foreclosure counseling sessions
26 Homes saved through foreclosure counseling
12 NEW resident families and 20 community families purchased a home
35 families enrolled in Individual Development Account Program – a saving program for homeownership, business start up and college attendance

Family Enrichment Programs
Family Development Network
"Para Mi Futuro"

NEW exceeded its contract goals of providing comprehensive case management and youth advocacy services to low-income families in Pico-Union and the South San Fernando Valley.

Office of Traffic Safety (OTS)
Through a partnership with the City of Los Angeles, over 3,000 individuals were served and provided educational services, child safe car seats and other equipment.

Wellness Initiative

Salsa, Sabor y Salud
NEW successfully educated families on adopting health habits through the Salsa, Sabor y Salud program.

Healthy Families
NEW enrolled 815 low-income children in the State of California Healthy Families Program. and educated parents on the enrollment and retention process to keep their insurance benefits current.



 

NEW Knowledge

Proyecto Adelante

NEW completed Proyecto Adelante in May 2009 with funding from the Ford Foundation. The pilot program was designed to educate Latino families about asset protection and development and provide policy recommendations on enhancing the field of asset development.

Download Proyecto Adelante White Paper
Download Proyecto Adelante Ethnography

NEW's Immigrant Asset Initative
NEW's Immigrant Asset Initiative Executive Summary
funded by the Insight Center for Community and Economic Development

The report identifies a need to more aggressively promote the importance of asset creation and protection. Although there is no shortage of basic Spanish language financial literacy materials, there is a dearth of materials specifically addressing the more complex asset creation and protection tools (e.g. how to invest in the stock market and insurance education.) Latino immigrants are not changing their financial management habits in any significant manner. Better materials and delivery methods, such as family education, must be developed to more effectively change this population's behavior.

Download Executive Summary

Economic Roundtable - Ebbing Tides in the Golden State 2008

Economic Roundtable - Ebbing Tides in the Golden State"This report examines the effects the recession has had on California and L.A. County with respect to: poverty, unemployment; income and spending, housing, welfare and safety net impacts, homelessness, health and more. Historical data going back to the 1980s for many indicators, as well as general policy recommendations on many of the issues discussed are presented."

Download Report

United Way of Greater Los Angeles 2008 State of the County Report

United Way of Greater Los Angeles 2007 State of the County ReportThe 2008 edition of the State of the County Report updates the Quality of Life Index. The index, based on 4 areas that gauge society's well-being includes measures of health, economics, education, and public safety. Some of the indicators which make up the index include measures of child poverty, student proficiency in math and reading, housing affordability, wages, gang -related crime, access to health insurance
Download Full Report

Center for Economic and Policy Research
The Changing Prospects for Building Home Equity: An Updated Analysis of Rents and the Price of Housing in 100 Metropolitan Areas (October 2008)


The study shows that recent price declines indicate many communities are moving back toward the historical track of modest equity increases for homebuyers. The findings point out that is still unwise for policy makers to attempt to directly intervene in housing markets to maintain what are historically unprecedented high home prices.
Download Full Report

CFED's Assets & Opportunities
Special Report


Assets & Opportunity Special Report:
Net Worth, Wealth Inequality and Homeownership during
the Bubble Years


2007-2008 Assets & Opportunity
Scorecard Guide


Housing Facts & Findings 2006 Vol. 8, No. 4

Housing Facts & Findings 2006Housing Facts & Findings, a Fannie Mae Foundation newsletter, shares knowledge about housing and community development issues. See the write-up on NEW "Most Successful Public/Private Partnership" on page 4.
Download Full Report

2006 Recommended Publications

United Way of Greater Los Angeles
Latino Scorecard 2006
Download Full Report
Download Executive Summary

National Center for Children in Poverty
When Work Doesn’t Pay: What Every Policymaker Should Know
Download report.

Los Angeles County’s
Children Planning Council

2006 Children’s ScoreCard
Download report.

The State of Early Care: Pathways 2005-2006 Annual Demographic and Statistical Report
Download Full Report

NEW Recommended Links
National Association
for Latino Community Asset Builders

www.nalcab.org
ANEW unites environmental sustainability with social responsibility -- keeping surplus materials like carpet and furniture out of our overflowing landfills while, at the same time, helping community learning programs who can benefit from repurposed materials.
www.anewfound.org
Center for Economics and Policy Research
www.cepr.net
Policy Link
www.policylink.org
Asset Policy Initiative
www.assetpolicy-ca.org
Women’s Policy Inc.
www.womenspolicy.org
Economic Policy Institute
www.epi.org
Los Angeles County
Children’s Planning Council

www.childrensplanningcouncil.org
Fannie Mae
www.fanniemae.com
En Breve - an intelligence brief on the US Hispanic market and media. Includes current news and trends in the Hispanic market published by ImpreMedia.
www.impremedia.com/enbreve/
 
How to Help

Do you believe in creating strong, prosperous, self-sufficient families? Then make a contribution today.

How to Help - Donate to New Economics for Women

What Your Gift Gives

$7,500 "After 3:00"
Provides an afterschool tutor at
one of NEW's eight Learning Centers


$5,000 "Mom Gets Wise"
Provides childcare while parents attend Smart Consumer and other asset building workshops

$3,500 "Sweet Baby"
Provides diapers, baby products and
children's books to La Posada mothers


$2,500 "Leapfrog into Learning"
Provides four Leapfrog learning devices
at each of NEW's eight Learning Centers


$1,000 "Safety First"
Provides supplies and a certified CPR instructor at each of NEW's residential buildings

$500 "Art to Grow On"
Provides arts and craft supplies for children at the Wellness Center and Car Seat Safety Program

$350 "Smile & Say Cheese"
Provides a digital camera for NEW to capture and celebrate the success milestones of our families