California Asset Building Program

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Beginning Another Year: Asset Building at the 2011 Working Families Policy Summit [VIDEO]

  • By
  • Maria Sotero
January 18, 2011

The California Asset Building Program and the New America Foundation proudly co-sponsored the annual Working Families Policy Summit, held last week at the Sacramento Convention Center. The Asset Building and Asset Protection panel, the only discussion on the topic of helping working families build and protect wealth, was also the only policy breakout session to be taped. The conversation, moderated by Assemblyman V.

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Building on 2010 for a prosperous 2011

  • By
  • Maria Sotero
December 21, 2010

To all of our California Asset Building colleagues and friends,

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Video: Voices from the movement to combat pricey payday loans

  • By
  • Anne Stuhldreher
  • Maria Sotero
December 15, 2010

This Monday, one hundred twenty people packed into the Silicon Valley Community Foundation’s offices in San Jose for a discussion on “Alternatives to the Payday Loan Trap.” The meeting was co-hosted with the Federal Reserve Bank of San Francisco.

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New America Foundation Commends Asm. Bradford for Introducing Banking Development Districts Legislation

December 7, 2010

SACRAMENTO - Landmark economic revitalization legislation intended to help working Californians build wealth was introduced  yesterday by California State Assemblymember Steven Bradford (D-Gardena). AB 38 would create Banking Development Districts (BDDs) throughout the state of California, helping financial institutions locate and provide services in areas that currently lack investment.

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AB 38 (Bradford) Banking Development Districts

December 6, 2010

This measure creates a California Banking Development District program, a proven way to connect lower-income unbanked Californians with the financial products and services they need to enter the financial mainstream and begin to build savings and assets. It identifies specific “Banking Development Districts” where financial institutions will receive incentives such as state deposits to develop enhanced and expanded products and services for lower-income consumers.

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IRS Looking for Filers Who Left Earned Income Credit 'On the Table' | Mount Shasta Herald

December 1, 2010

... “We applaud the IRS for taking a proactive approach to help Californians claim their EITC refund,” said NAF California legislative director Olivia Calderon. “This credit helps families as well as ...

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Thousands Eligible for Earned Income Tax Credit Don't File | KNCO Newstalk Radio

November 30, 2010

... “The New America Foundation did a study in March of 2010, and they estimate that one in five individuals in California who is eligible does not apply for it. ...

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State Controller Offers Reminder on '09 Federal Earned Income Tax Credit | Vallejo Times-Herald

November 22, 2010

... A recent New America Foundation study estimates one in five eligible California taxpayers do not take advantage of the credit, leaving about $1.2 billion unclaimed, he said. ...

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Controller Encourages Californians to Claim Federal Tax Credits | Lake County News

November 19, 2010

... A recent study by the New America Foundation estimates that one in five eligible California taxpayers do not take advantage of the credit, leaving approximately $1.2 billion unclaimed. ...

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Happy Holidays from the IRS

  • By
  • Maria Sotero
November 18, 2010
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Excitement and joy are not the typical responses to receiving a letter from the Internal Revenue Service. But an effort launched by the IRS in California is changing that- just in time for the holiday season.

This week and next week, 46,000 households throughout California are getting letters in the mail telling them they may have qualified for the Earned Income Tax Credit last year, and that it's not too late to claim their refund (which for these folks, is an average of $1,400). Talk about a Christmas bonus.

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