IDA for Education The Key to Economic Recovery by yfh14810


									                                                                            Center for Social Research

  “ Helping Working Families Build Assets.”                       Volume 1 • Issue 7 • September 2009

              Asset Building Initiative
                                                                         INSIDE THIS ISSUE:
                                                                1 IDA for Education: The Key to
                                                                  Economic Recovery
                                                                2 Shawanda Brown: A Success Story
                                                                2 4 Things to Look For When Pursuing
                                                                  a Post-Graduate Education
                                                                3 Education: Benefits Beyond the
                                                                3 Agency Highlight: Impact Education
                                                                  and Housing Development

                     IDA for Education: The Key to Economic Recovery
A featured article, “Education is the Key to
America’s Economic Recovery,” noted how President
Obama’s administration is providing $12 billion to
advance the education of America’s youth. An
ambitious goal, these resources are slated to add 5
million new graduates by 2020. America once led the
world in the number of persons with an
education beyond high school. Today, the United
States has slipped to 10th place among industrial
nations in the percentage of those between 25 and 34
years old with a post-secondary education.
Unemployment in the U.S. has reached a 34 year
high, with over 6.46 million jobs lost since January
2008. What does that mean for the average citizen?
The economy is shifting again and it has become          • Finance, and
increasingly important to equip ourselves for the new    • Self-Employment & Small Business.
job market. Understanding current job trends and the
types of job demands in Louisiana will help you          Are you prepared for these jobs? If not, the IDA for
prepare for the job search process.                      Education program can assist you in returning to
Chris Dannen of provides eight           school. By enrolling in the IDA for Education
areas where work can be found:                           program, you may be able to receive up to $4,000.
• Nursing & Medical Services                             This match can be used to obtain a licensure,
• Computing & Engineering                                certification or degree in your chosen program of
• Education                                              study. Let us help you retool, so you can be better pre-
• Green Jobs                                             pared to compete in the job market. Contact our office
•Energy                                                  at (225) 771-5402 X 219 for additional information.
• Infrastructure
      Page 2                                                         Louisiana Asset Building Initiative

       Staff                              Shawanda Brown: A Success Story
                            Shawanda Brown first
 Alma Thornton,Ph.D.        heard of the IDA for
                            Education program
    Mary E. Joseph
                            through a family member
   Program Manager          who had gone through
                            the program to purchase
    William Hawn            her first home.
    Coordinator of          A psychology major at
  Entrepreneurial IDA       Southern University and
                            A &M College,                In December 2009, Shawanda Brown will receive a B.A. in
    Adrea Hebert                                         Psychology.This semester, she was able to use IDA funds to
                            Shawanda decided the
Asst. Program Coordinator                                          supplement the cost of her education.
                            IDA program could help
                            supplement the cost of      way for me to cut back          graduating from Southern
   Jackie Goff
                            her education. When         and not spend as much. I        University in December,
Coordinator of Education
                            asked how she has ben-      knew it [saving and bud-        she plans to enroll in the
    Scarlette Pryer         efitted from the program,   geting] was important,          Baton Rouge General
Case Manager Supervisor     Brown commented, “The       but not as important [as        Nursing School.
                            program not only helped     the class pointed out].”        In Closing, Brown com-
   Deborah Fountain         me pay for school, but      Now I know it’s better to       mented, “The entire
   Case Manager             it also taught me good      save and sacrifice for the      process was very smooth.
                            techniques for budget-      things you need.”               I would recommend it
  LaKethia Bryant           ing and saving.” Brown      Currently Brown, the            [IDA] to anyone, any
   Case Manager             added, “The Money           mother of one, attends          single mother that’s look-
                            Smart class really helped   school full time and            ing to go to school. Go
  Roslyn Madison
                            me. I used to go to the     works as a nurse techni-        for it! It’s [IDA] a grant
  Case Manager
                            beautician every week.      cian for Baton Rouge            and you don’t have to pay
   Traneisha Jones          Now I know there is a       General Hospital. Upon          it back.”
Communications Specialist      4 Things to Look For When Pursuing a Post-Graduate Education
                            So you’re thinking about    plish your goal. Choose a       ing experience? You
                            going back to school to     school that offers the pro-     want to choose a school
                            further your education-     gram area you are most          that offers resources that
  Advisory Board            but you don’t quite know    interested in pursuing.         contribute to your overall
        Tish Allen          where to start or what      (2)Reputation                   growth as a student and
     Cheri Ausberry         you should be looking       Is the school reputable?        future professional.
    Sunada Henderson        for. Here are four things   This is important as the        (4)Tuition and Fees
      Drew Murray           you should look for when    reputation of the school        How much does it cost
  Arthur Stallworth, J.D.   considering a school to     may influence your              to attend the school? Are
      Byron Turner
                            further your education.     candidacy for a job upon        there grants/scholarships
   Rosalind Washington
                            (1)Program Offering         graduating.                     available to help cover
     Sharon Williams
                            Does the school offer the   (3)Accessibility/               your expenses? If you’re
     Mary E. Joseph         area you would like to      Resources                       okay with taking out
    Program Manager         study? This is important.   How far or near is the          loans for school, do you
                            If you want to get your     school to your home?            have to pay it back as you
   Alma Thornton,Ph.D.      license in cosmetology,     Can you easily access           matriculate through the
    Program Director        you don’t want to apply     faculty and staff? Are          school, or are you able to
                            to a school that special-   there resources available       pay it back after
                            izes in medicine. That      to ensure you get the           graduaing?
                            won’t help you to accom-    most out of your learn-
    Page 3                                                            Louisiana Asset Building Initiative

                       Education: Benefits Beyond the Classroom
Aside from getting an        The Hope Credit                for at least one academic     For more details on edu-
education and securing       (1) Offers up to $1800         semester during the year.     cational tax deductions or
your future, there are       credit per student.            Lifetime Learning             on how you may qualify
other benefits to            (2) Available until the        Credit                        for these tax credits, log
furthering your educa-       first two years of post-       (1) Up to $2000 credit per    on to
tion- including, tax de-     secondary education are        tax return.
ductions and tax credits.    completed.                     (2) Available for all years               The VITA
                                                                                                     program at
The Hope Credit and          (3) Student must be pur-       of post-secondary educa-         Southern University will
Lifetime Learning Credit     suing an undergraduate         tion and for courses to                       be
are available to those who   degree or other approved       obtain or improve job           available this tax season to
                                                                                            help you take advantage of
qualify. Read on to find     educational credential.        skills.                        these credits and many more.
out how you can take ad-     (4) Student must be            (3) Available for one or                     Call
vantage of these credits.    enrolled at least part-time    more courses.                           (225)771-2552
                                                                                                  for more details!

      Agency Highlight: Impact Educational and Housing Development
Impact Educational and                                                                    its VITA program.
Housing Development,                                                                      Impact has also expand-
a nonprofit organization                                                                  ed its services to
dedicated to empowering                                                                   individuals looking to
families, was formally                                                                    further their education
established on March 9,                                                                   and/or start a business.
2007.                                                                                     We salute Impact
Under the vision of Ann                                                                   Educational and Housing
Alexander, the organiza-                                                                  Development for their
tion was developed to                                                                     unwavering commitment
assist low to moderate                                                                    to empowering and
income families in Baton                                                                  advancing the residents
Rouge who have long                                                                       of Baton Rouge and New
rental histories, to                                                                      Orleans.
purchase a home.             Rouge. These properties         agency is also revitalizing
Impact provides first time   are available as rentals for    a 3000 sq. ft. building
homebuyers and financial     moderate-income                 that will house 16- unit
literacy workshops, and      families.                       single room occupancy
pre and post -purchase       Currently, Impact is            apartments for
housing counseling. A        working to construct            transitional families in     For more information
Louisiana CHDO,              a residential housing           Baton Rouge. In addi-       about Impact Education-
Community Housing            community for low to            tion to homeownership,            and Housing
Development Organiza-        moderate income fami-           Impact also assists            Development call
tion, Impact has pur-        lies. Through the new           individuals through men-       (225) 930-0529.
chased and rehabbed          construction, Impact will       toring and partnerships
more than seven single       provide a rent-to-own           for nontraditional jobs,
family properties in         program for families with       advocacy services, and
New Orleans and Baton        credit challenges. The          tax preparation through
 IDA Partnering Agencies
 Assist Agency                   HOPE Community Credit            Mid City Redevelopment        Queensborough
11 North Parkerson Ave.          Union                            Alliance                      Neighborhood Association
Crowley, LA 70526                1726 Oretha Castle Haley Blvd.   419 N. 19th St.               2756 Greenwood Rd.
(337) 824- 7800                  New Orleans, LA 70113            Baton Rouge, LA 70802         Shreveport, LA 71109
Cenla Community Action           (504) 527- 0688                  (225) 346- 1000               (318) 635- 8100
1335 Jackson St.                 Housing Authority City of        Mt. Pleasant Community        Renaissance
Alexandria, LA 71301             Natchitoches                     Development                   Development Corporation
 (318) 487- 5478                 536 Culbertson Lane              101 Preston Loop              1755 Nicholson Dr.
Coldwell Banker Pelican          Natchitoches, LA 71457           Monroe, LA 71201              Baton Rouge, LA 70802
Real Estate                      (318) 352- 9774                  (318) 32- 3632                (225) 343- 0038
1471 Dorchester Dr.               Impact Education & Housing      Neighborhood                  Scotlandville Community
Alexandria, LA 71301             Development                      Development Association       Development Corporation
(337) 262- 7865                  4664 Jamestown Ave.- St.110      220 Camp St.- Suite 532       1920 Goudchaux St.
Creole Creation, Inc.            Baton Rouge, LA 70808            New Orleans, LA 70117         Baton Rouge, LA 70807
427 Main St.                     (225) 930- 0529                  (504) 488- 0155               (225) 445- 4199
Jeanerette, LA 70544             Integrity                        NHS Housing Resource Center   St. James Parish Human
(337) 276- 3793                  1019 Mire St.                    North Shore                   Resources
Crestar Mortgage                 Gonzalez, LA 70737               1400 North Lane               5153 Cantella St.
910 Pierremont Ave.              (504) 416-2223                   Mandeville, LA 70471          Convent, LA 70723
Shreveport, LA 71106             LADOTD Federal Crediit Union     (985) 809-9472 x 23           (225) 562- 2357
( 318) 861- 1208                 1620 S. Range Ave.               NHS Housing Resource Center   St. Mary CAA
D & A Help Agency                Denham Springs, LA 70726         South Shore                   1407 Barrow St.
309 Martin Luther King, Jr.Dr.   (225) 408- 0132                  4700 Freret St.               Franklin, LA 70538
Farmersville, LA 71241           Lafayette Consolidated           New Orleans, LA 70115         (337) 828-5703
318) 368- 2198                   111 Shirley Picard St.           504) 899-5900                 St. Mary CDC
Family Resources of              Lafayette, LA 70501              NZBC Urban Corporation        2506 Providence Ave.
New Orleans                      (337) 291- 5452                  2535 Barbara St.              Bastrop, LA 71220
817 N. Claiborne Ave.            LaFourche Parish                 Bossier City , LA 71112       (318) 283- 3397
New Orleans, LA 70116            1612 Hwy. 182                    (318) 746-0602                Urban Restoration
( 504) 822- 8519                 Raceland, LA 70394               Ouachita Multi-Purpose        Enhancement Corporation
Future Assets, Inc.              (985) 537- 7603                  Community Action Program      6315 Greenwell St.- St.1
1112 Ashford Place W.            LaSalle CAA. Inc.                315 Plum St.                  Baton Rouge, LA 70812
Monroe, LA 71292                 P.O. Box 703                     Monroe, LA 71202              (225) 356- 8871
( 318) 235- 3686                 Harrisonburg, LA 71340           (318) 501- 1112               Volunteers of America
Greater Beech Grove              (318) 744- 5445                  Ouachita Parish Coalition     520 Olive St.- St. B200
Baptist Church of                Liberty Restoration              “ Wake it Up”                 Shreveport, LA 71104
Jackson, LA                      Community Development            315 Plum St.                  (318) 429- 7505
890 Highway 68                   Center                           Monroe, LA 71202              Webster Parish Fuller Center
Jackson, LA 70748                12418 Wardline Rd.               (318) 501-1112                212 N. Main St.
(225) 733- 5259                  Hammond, LA 70701                 P.R.E.A.C.H.                 P.O. Box 155
Gulf Coast Recovery Outreach     (985) 340- 7033                  15518 Riverdale Ave. E        Springhill, LA 71075
Center                           Lutricia Cobb Real Estate        Baton Rouge, LA 70816         (318) 539- 2122
1181 McArthur Dr.                1901 Gerstner Memorial Dr.       (225) 663- 2195               Williams Glasco &
Alexandria, LA 71301             Lake Charles, LA 70601           People’s Organization for     Associates LLC
(318) 542-4172                   (337) 439- 0318                  Social Equality (P.O.S.E.)    115 Hanna Rd.
Greater N. LA CDC                Macon Ridge CDC                  625 Veterans Blvd.            Ruston, LA 71270
103 4th St.                      1600 3rd St.- P.O. Box 1793      Kenner, LA 70062              (318) 247- 1967
Jonesboro , LA 71251             Ferriday, LA 71334               (504) 468- 2063
(318) 395- 9355                  ( 318) 757- 2361                 Pilgrim Missionary
HELP Foundation                  Metro City Redevelopment         Community Development
22010 Highway 22 East            860 North St.                    Outreach, Inc.
Ponchatoula, LA 70454            Baton Rouge, LA 70802            105 Woods St.
(985) 386- 3004                  (225) 336- 0726                  Winnsboro, LA 71295
                                                                  (318) 435- 4302

To top