June 12 2008 Ycabc Minutes

Yakima County Asset Building Coalition Meeting
June 12, 2008

Present: Matthew Solomon, Tracy Fletcher, Bruce Tabb, Bill Stevens, Mario Villanueva, Carole Folsom-Hill, Sandra Aguilar, David Gilbreath, Steve Hill, Michelle Besso.

Minutes:
Motion made, seconded and passed to accept the minutes of the last meeting.

AARP Tax Prep Update:
Bill distributed the report of the EITC filings that were done this year. This year the filings for all sites totaled $1,353,151.

Finance Committee:
We have prepared a proposal to submit for the CTED Planning Grant for $27,000. This money would be used in the following ways: $10,000 for an Americorp person to run the EITC campaign, money for asset mapping in the community to locate available resources and where our gaps are, dollars for strategic planning, and stipend dollars.

The Paul Allen Grant people were here to meet with us. They liked our vision. We should know their decision in about 4-6 weeks.

There is a conference in DC this September that would be very good to attend. We have asked for funds from United Way and CTED to be able to send someone there.

IDA Informational Discussion:
Mario Villanueva, from Catholic Charities Housing Services, shared with us their efforts to include the IDA housing concept into their affordable housing program. There seems to be a real focus at CTED to get the IDA program into our area of Washington state. The amount of the grant would have been $40,000. They planned:

 To have about 20 families in the program.
 Case Management. There needs to be a caseworker for each family endeavoring to become a homeowner. (There was $8,000 of the money to go toward administration and they would need more than that amount.)
 There needs to be fiduciary oversight.
 They targeted families at 50% below median income level.
 Families had to invest sweat equity.

He was asked what would be a major key to make this work. His answer was to have people help in the project; to find some good matching partners; and probably most important to have a case manager to help the people learn how to become financially responsible so they can be successful in becoming homeowners.

Asset Building Conference:
This was a very good conference. You received some very helpful information.

Banner Bank will offer a Money Smart class that will begin in the July. Couples will receive $100, single person $50 for attending the class.

Next meeting is scheduled for 9:00 a.m., July 19th, in EPIC’s Fireside Room.

Respectfully submitted,
Ann Goebel
EPIC
Administrative Assistant