Todd Swanstrom_Opportunity Dividend Summit

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Transcript of Todd Swanstrom_Opportunity Dividend Summit

  • 1. Reducing Poverty:Place Matters Opportunity Dividend SummitDetroit, Michigan
    Todd Swanstrom
    Des Lee Professor of Community Collaboration and Public Policy Administration
    University of Missouri St. Louis
    March 2, 2010
  • 2.
  • 3. Todd: Mr. President, I have good news: we can reduce the number of poor people significantly without spending a nickel of taxpayers money.
    President Obama: Todd, this is change I can believe in! What is it?
    Todd: All we need to do is change where poor people live.
  • 4. Why Place Matters for Poor People
  • 5. Place of Residence
    Income
    Our income influences where we live but where we live also strongly influences our income.
  • 6.
    • Purchasing Power
    • 7. Quality of Life
    Place of Residence
    Income
    Our ability to use our incomes to purchase valuable goods and services and achieve a high quality of life is influenced by our place of residence.
  • 8. Many Poor People Live in Neighborhoods of Concentrated Poverty
  • 9.
  • 10. The Concentrated Poverty Tax
    HIGH-POVERTY CENTRAL CITY AREA VS. LOW-POVERTY SUBURB
    Loss of wages .................................................$3,000
    Cost of cashing payroll checks .......................$340
    More expensive groceries ............................... $453
    More expensive homeowners insurance ....$200
    Higher property taxes .......................................$600
    TOTAL ...............................................................$4,593
  • 11. Inclusionary Zoning
    as an Anti-Poverty Strategy
    Instead of excluding poor people by minimum-lot zoning and outlawing apartments, cities can enact zoning laws that require a certain number of units be set aside for affordable housing.
  • 12.
    • Exclusionary zoning laws in 100 largest metropolitan areas, 1980-2000
    • 13. 15 percent set-aside
    • 14. Result: 2.6 million additional affordable units
    • 15. 37 percent reduction in economic segregation
    • 16. Dramatic reductions in poverty, crime, and other social problems without any new taxes or spending programs.