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65 Broadway, Suite 1800, New York NY 10006 | (212) 248-2785 www.centerforsocialinclusion.org 
 
One Region: Promoting Prosperity Across Race
One Region: Promoting Prosperity Across Race
Key Findings and Stimulus Recommendations 
How do we make sure that we rebuild the economy? By helping those who need it the most.A new report by the Center for Social Inclusion makes the case and points to solutions. Targeting stimulus and other programs based on need is a fair, effective way to support economic recovery.
Homeownership 
 Up to 35% of those with sub-prime loans could have qualified for normal, prime mortgages.Black and Latino communities are over-represeted in the subprime loan pool and their communities arehardest hit -- Jamaica, S. Jamaica, Hollis, St. Albans, Queens; Bushwick, Brooklyn and the South Bronx havesome of the highest foreclosure rates in the region.New York City gets $24.3 million under the Neighborhood Stabilization Program (NSP) to buy and redevelopforeclosed properties.States can spend up to three-quarters of Neighborhood Stabilization funds in communities with incomes of120% of Area Median Income (AMI), or about $90,000 in New York City.The NY State Housing Finance Agency and NY City Department of Housing, Preservation and Development,must do better.25% of NSP units must be made available for households earning no more than 25% of AMI (about $18,500)and an additional 25% of NSP units be made available for households earning no more than 50% of AMI(about $37,000).
Jobs 
 For every $1 earned by a White household, Latino households earn just over 50 cents. Black households earnfewer than 60 cents. Almost 30% of Latinos and 27% of Black people work in low-paying, benefit-less service-sector jobs -- more than twice as likely as Whites (12%).Construction jobs pay better, but Black men and women of all races don’t get these jobs and are paid muchless than White men when they do get them. For government funded construction contracts over $25,000 andnon-construction contracts over $50,000:
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30% of all new hires in each construction trade should be low-income prior to their hire;
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25% of workforce in public housing construction projects should be residents of public housing;
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20% of aggregate involvement in dollars should be by minority-owned and women-owned businessenterprises
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The Mayor should create a technical assistance unit that supports community-based groups and unionpartnerships to connect people to union apprenticeship programs.
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