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Giving Compass' Take:
• Grace Turner reports that Detroit and nine other cities are participating in an initiative to identify, pilot, and measure the success of interventions to accelerate economic mobility.
• How can funders support Detroit and other cities in this process? How can the learnings from this initiative be useful to your community?
• Learn about using behavioral design teams to improve cities.
Bloomberg Philanthropies in New York, along with the Bill and Melinda Gates Foundation and the Ballmer Group in the state of Washington, today announced that Detroit is one of 10 cities across the U.S. to participate in a $12-million initiative to identify, pilot, and measure the success of interventions to accelerate economic mobility for residents.
Over the next 18 months, Detroit will help connect low-income residents in affordable housing units to programs and services that increase their economic opportunities and likelihood of achieving housing stability.
The project coincides with the city’s investment into the preservation and development of affordable housing, including the $250-million Affordable Housing Leverage Fund. This new initiative will use a metrics-based approach to identify best ways that affordable housing can serve as an access point to the city’s array of services.
The initiative seeks to respond to the demand among local leaders for new, more effective interventions to address rising income inequality and declining economic mobility.
Read the full article about the initiative to test economic mobility interventions by Grace Turner at Detroit Business.