State Policy Initiatives
At the state level, CFED works to expand economic opportunity through a number of initiatives:
Assets & Opportunity State Policy Initiative
The Assets & Opportunity Initiative is an ongoing effort, anchored by the Assets & Opportunity Scorecard, to change state-level policy. The national Assets & Opportunity Network is a movement-oriented group of advocates, practitioners, policymakers, and others nationwide working to expand the reach and deepen the impact of asset-based strategies.
Asset Building for Children (ABC) State Policy
State-level children’s savings policy can expand asset-building opportunities for all children and youth. Matched savings accounts, paired with financial education, help young savers invest in their own futures and achieve their dreams of education, entrepreneurship, homeownership and financial security. CFED seeks to provide savings and asset-building opportunities for all children in the United States through large-scale programs, innovative partnerships and effective public policy.
Manufactured Housing State Policy
Manufactured housing is an often-overlooked homeownership strategy for low- and moderate-income families, but only with supportive state policies. CFED and its partners have developed a resource bank of tools and information to help advocates educate policymakers, allied organizations and the general public on policies that promote the asset-building opportunities of manufactured housing.
Self-Employment Tax Initiative (SETI) State Policy
Self-employment is second only to homeownership as a source of wealth for individuals; yet formalizing one’s business – a necessary step to taking advantage of tax code-based benefits – is a difficult hurdle to surmount. SETI connects low-income entrepreneurs to tax prep, business development and other financial services; and supports state policies that make it easier for entrepreneurs to join the mainstream marketplace.