From Concentrated Poverty to Community Wealth Building: A Report from Richmond Thad Williamson, Ph.D., Director Risha R. Berry, Ph.D., Project Management Analyst Mayor’s Office of Community Wealth Building May 12, 2015

E MANCIPATION DAY – A PRIL 3, 1905 R ICHMOND, VA

J ACKSON WARD – THE BIRTHPLACE OF BLACK CAPITALISM

S T. L UKE – THE BLACK WALL STREET OF THE SOUTH

B ISECTION OF J ACKSON WARD

C ONCENTRATED P OVERTY IN R ICHMOND

P OVERTY AND E CONOMIC N EED IN R ICHMOND RichmondVirginia  25.6% poverty rate11.3% poverty rate  $40,496 median hh income$63,907 median hh income  13.0% hh under $10k5.7% hh under $10k  38.8% children in poverty14.9% children in poverty  17.7% no health insurance12.3% no health insurance  Richmond metro area 85 th nationally out of 100 largest metro areas in upward social mobility  Approximately 42,000 City residents in poverty apart from college students. 23.9k working age; 14.7k children; 3.35k elderly  City Poverty Rate Excluding Undergraduates: 23.1%

R ECOMMENDATIONS OF M AYOR ’ S A NTI -P OVERTY C OMMISSION  Workforce Development  Targeted Economic Development  Regional Transportation  Educational pipeline from prenatal to college/career  Pursuing public housing redevelopment with commitment to no involuntary displacement

M ORAL V ISION Every Richmond resident should have access to quality employment opportunities and preparation and support to be successful in such employment; to a safe neighborhood with good amenities, strong schools, and access to mobility; and to a supportive community environment.

T HE P ATHWAY OUT OF P OVERTY In CrisisAt RiskSafeStableThriving  No Income or assets  No skills or credentials  Homeless or unstable housing  No or unreliable transportation or child care.  Safety and mental health risks are high  Addictions and/or Legal Problems  Seeking job or temp/seasonal job or other legal income  Temporary or transitional housing  Transportation and child care available, but not affordable or reliable  Seeking GED or vocational training  Employed in semi-stable job  Housing is stable and is affordable (maybe with subsidy)  Transportation and child care are generally reliable and affordable  Has high school diploma, GED, or vocational training  Permanent & stable job paying living wage  Housing is stable & and is affordable without subsidy  Transportation and child care are reliable and affordable  Career & educational plan in place; active & on-going learning  Permanent, stable employment sufficient to build assets  Housing is permanent & affordable without subsidy  Transportation and child care are reliable and affordable  Implementing education and career plan Based on the HUD Self Sufficiency Matrix

Y EAR O NE : W ORKFORCE AND E CONOMIC D EVELOPMENT I NITIATIVES

Y EAR O NE AND T WO : E DUCATIONAL I NITIATIVES

Y EAR O NE : H OUSING I NITIATIVES

M AGGIE L. W ALKER I NITIATIVE

OFFICE OF THE DEPUTY CAO FOR HUMAN SERVICES Office of Community Wealth Building Debra D. Gardner, Deputy Chief Administrative Officer City Hall 900 E. Broad Street 5 th Floor, ste 501