State Asset Building Initiatives

Founded in 1992, HACED launched its Ho'owaiwai Asset Policy Initiative in 2004 after a conference attended by more than 250 participants from across the state. Initiative leaders are advancing a variety of community wealth building policies, including the extension of the state individual development account tax credit, the implementation of a voluntary tax assistance program, and the establishment of a state Earned Income Tax Credit. Read more about Ho'owaiwai Asset Policy Initiative —Hawaii Alliance for Community Economic Development...

The Illinois Asset Building Group, first convened by the Woods Fund of Chicago in 2003, has proposed an extensive policy agenda that includes expanding access to financial education and financial services, removing asset barriers in public benefit programs, supporting children's savings accounts, promoting affordable housing and homeownership, and combating predatory lending.  Aiming to close the racial wealth gap, expand savings opportunities, and protect Illinoisans from predatory financial practices, the Chicago-based group focuses on policy development, coalition building, stakeholder engagement, educating policymakers, and advocacy.

This statewide network includes nonprofit, for-profit, and public organizations that collaborate to support assert-building among low- and moderate-income families. Using financial education, IDAs, children’s savings accounts, and community tax centers, RAISE Texas works to increase economic security. Their four main activities include policy advocacy, furthering progress on several action campaigns such as small dollar consumer loans and matched savings accounts, providing technical assistance, and an interactive online database that connects residents to local asset-building programs. Read more about RAISE (Resources, Assets, Investments, Savings, Education) Texas...