Communities & Banking

Spring 2017 Spring 2017

Communities & Banking | 2017 Series |Spring 2017

The Gamification Effect: Using Fun to Build Financial Security

Using a game-based approach, new financial-education and savings programs are putting the power to save in the palm of users’ hands and reinforcing and rewarding smart savings decisions.

by Nick Maynard and Mariele McGlazer

Communities & Banking | 2017 Series |Spring 2017

Land Installment Contracts: The Newest Wave of Predatory Home Lending Threatening Communities of Color

Designed to fail, land installment contracts exploit low-income would-be homeowners, especially in communities of color, draining them of resources and often leaving them homeless. Regulation can change that.

by Sarah Mancini and Margot Saunders

Communities & Banking | 2017 Series |Spring 2017

Anchor Institutions: The Economic Benefits of Putting Community First

Making it feasible and enticing for anchor institutions to work consistently and at a larger scale with local businesses requires a better understanding of the system, its players, its incentives, and the policies and procedures currently in place that may limit how anchors can engage community businesses for procurement.

by Brian Clarke

Communities & Banking | 2017 Series |Spring 2017

A Pay-for-Success Opportunity to Prove Outcomes with the Highest-Risk Young People

Preventing recidivism among formerly incarcerated youth is a difficult challenge, but pay-for-success approaches like this one are beginning to show that supportive interventions can turn lives around and provide significant benefits to the youths’ communities.

by Lili Elkins and Yotam Zeira

Communities & Banking | 2017 Series |Spring 2017

The Importance of Entrepreneurship in Black and Latino Communities in Massachusetts

Entrepreneurship opens up opportunities that are hard to come by in minority communities. In Massachusetts, public schools can encourage it by exposing young people to its life-changing possibilities.

by James Jennings

Communities & Banking | 2017 Series |Spring 2017

Sparking Change in New England’s Smaller Cities: Lessons from Early Rounds of the Working Cities Challenge

A multiyear, multistate funding initiative in New England is making great strides in smaller industrial cities with community-based efforts to tackle social and economic challenges. Key lessons learned from the first rounds of participating cities in Massachusetts are now informing the planning process for the cities that follow and the regional initiative as a whole.

by Kseniya Benderskaya and Colleen Dawicki

Communities & Banking | 2017 Series |Spring 2017

Do Community Benefits Agreements Benefit Communities?

Fifteen years into their use, community benefits agreements have revolutionized the land-use approval process for large, public-private economic development projects. Now, developers and coalitions representing low-income communities can settle their disputes directly, outside of formal approval processes.

by Edward W. De Barbieri

Communities & Banking | 2017 Series |Spring 2017

by Gabriella Chiarenza