Anthony Introduces Resolution to Promote Child Savings Accounts
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Anthony Introduces Resolution to Promote Child Savings Accounts

FOR IMMEDIATE RELEASE Friday, Dec. 21, 2018 Contact: Rep. Sarah Anthony Phone: (517) 373-0826 Legislator hopes to increase the awareness of the benefits of CSAs LANSING — State Rep. Sarah Anthony (D-Lansing) introduced House Resolution 479 today, which designates December 21 as Children’s Savings Account Awareness Day. Children’s Savings Accounts (CSAs) offer several benefits for families, including the...

Michigan Communities for Responsible Lending Coalition to Tackle Payday Loans
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Michigan Communities for Responsible Lending Coalition to Tackle Payday Loans

By Emily Reyst, communications & training associate Background In July, CEDAM established the Michigan Communities for Responsible Lending (MCRL) coalition, its goal being to create opportunities for Michigan residents to build and save assets, improve access to quality financial education and connect borrowers to affordable financial products. The coalition plans to address the payday lending...

Let’s Not Cheat Two Generations from Meeting their Full Potential
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Let’s Not Cheat Two Generations from Meeting their Full Potential

By Alicia Guevara Warren, Michigan League for Public Policy (MLPP)  For those of us who have kids, the struggles of being a new parent are unforgettable. Kids don’t come with a handbook or instruction booklet, and we often feel like we are learning as we go along. It doesn’t matter how old you were when you...

Proposed Public Charge Changes Puts Housing, Health and Economic Well-being at Risk for Michigan’s Immigrant Families
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Proposed Public Charge Changes Puts Housing, Health and Economic Well-being at Risk for Michigan’s Immigrant Families

By Rep. Steve Tobocman, executive director of Global Detroit Michigan’s immigrant story is deeply woven into the history of the state. Take my grandfather, Morris Tobocman, who immigrated to Detroit from Poland a century ago to pursue the American Dream. He had almost no formal education, arrived penniless and knew no English. Like so many...

Eviction is Heartbreaking, and it’s Solvable: Lessons from Matthew Desmond
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Eviction is Heartbreaking, and it’s Solvable: Lessons from Matthew Desmond

By Emily Reyst, communications and training associate Ashamed, heartbroken, inspired—I felt it all within a short period of thirty minutes. If you’ve read Matthew Desmond’s Pulitzer Prize winning book Evicted: Poverty and Profit in the American City, or if you’ve had the opportunity to hear him speak, these sentiments likely resonate with you. Desmond is...

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Payday Lenders Strip a Half Billion Dollars in Five Years from Vulnerable Michiganders

New research reveals disproportionate concentration of payday lenders in Michigan rural and low-income neighborhoods and communities of color For Immediate ReleaseSeptember 11, 2018 Contact: Jessica AcMoody, Senior Policy Specialist, CEDAM517.485.3588 ext. 1944 | acmoody@cedamichigan.org DURHAM, N.C. — Payday lenders have targeted vulnerable Michigan communities, disproportionately locating their stores in communities of color, rural areas and...

Poverty Simulations Can Help You Better Serve Your Clients
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Poverty Simulations Can Help You Better Serve Your Clients

By Susan Andrews, CEDAM membership & event specialist From food insecurity to housing, those who live in poverty face many challenges. With more than 12 percent of Americans living in poverty in 2017 (or nearly 39.7 million people), it is important to understand life in poverty to better serve clients, customers and constituents. A poverty simulation...

CEDAM member Jefferson East, Inc. Helps Detroiters Save on Property Taxes
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CEDAM member Jefferson East, Inc. Helps Detroiters Save on Property Taxes

CEDAM member Jefferson East, Inc. (JEI) has been a catalyst for community economic development in the five neighborhoods they serve along the east Jefferson corridor in Detroit since 1994. From the East Jefferson Development Corporation to their Clean and Safe program, the organization does a lot to empower its residents and invest in the community....

Stories on the Dangers of Payday Loans (Project Green’s 390 Initiative)
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Stories on the Dangers of Payday Loans (Project Green’s 390 Initiative)

I can think of many reasons—390 to be exact—as to why payday loans hurt communities. Payday loans are high-cost, short term loans with fees equivalent to APRs as high as 390 percent. Lenders of these loans advertise using stock photos of friendly faces and smiling staff promising to help people out when they need “cash,...

Meet Your Developing Vibrant Communities 2018 Keynote Speakers
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Meet Your Developing Vibrant Communities 2018 Keynote Speakers

Developing Vibrant Communities (DVC), CDAD & CEDAM’s annual conference, provides our members and other attendees with the tools and skills needed to transform Michigan’s communities. Through the lens of inclusion, workshops address all things related to financial empowerment and community economic development work, including community engagement, children’s savings accounts, real estate development, fundraising and more. Our...