Financial Education Action Committee Meeting #2

Action Committees are partner-driven action-oriented meetings that focus on the details of creating systemic change in the neighborhood.

On Wednesday, February 19th, the Financial Education Action Committee held its second meeting at Park Hill Collective Impact. The action committee follows a continuous improvement process (see below) that will result in the implementation of evidence-based strategies, designed to eliminate financial education root causes, in Park Hill.

Action committee members consist of individuals who Live, Learn, Work, Play, or Worship in Park Hill. Below is a list of the action committee members.

• Adnan Syed, volunteer and former Impact Manager with PHCI

• Marcus Pope, House of Hair and House of Hope Christian Ministries

• Jasmine White, Communication Studies Major and Advisory Council Member

• Justin Petaccio, resident and Spire Financial

• Rashon Manning, FirstBank

• Patricia Ochoa, DPS PREP Academy High School

• Toi Massey, ANM Innovative Solutions, LLC and The JEKL Foundation for STEAM Education

• Jeff Shanahan, Sexy Pizza

• Kyle Peters, Sexy Pizza

• Shawn Young, Financial Health Institute

• Chelese Ransom, Financial Health Institute

• Cherese Scott, Partner Colorado Credit Union

• Billy Williams, New York Life

• Olivia Lincoln, Heart and Hand Center

• Brianna Benevides, Heart and Hand Center

• Cami Tam, Heart and Hand Center

• Cordelia Randall, CrossPurpose

PHCI follows a continuous improvement planning process in facilitating its action work. Below are the steps that the action committee follows.

Step 1: We analyze data to understand the current context (ANALYZING)

Step 2: We brainstorm the symptoms (problems) of the root causes (BRAINSTORMING)

Step 3: We identify evidence-based strategies to eliminate root causes (RESEARCHING)

Step 4: We develop action plans to implement strategies (PLANNING)

Step 5: We finalize performance targets and operational benchmarks (GOAL SETTING)

Step 6: We implement with rapid cycles of improvement (IMPLEMENTING)

The committee has accomplished a lot of work during the kick-off and second meetings. In the Step 1: Analyzing, the committee identified the following data as relevant to the financial context of Northeast Park Hill.

• Unemployment is at 460/11.41%

• Children in poverty is at 945/3.9%

• Single mothers with children in poverty is at 43.63%

• Families in poverty is at 462/26.15%

• Births to women with <12th grade education is at 13.53%

• Renters spending >30% of income on housing is at 64%

• Average household income is at $58,341

• Houses that are owner-occupied is at 43%

• The population of 18-34 year olds is at 24%

• Increase in population aged 55-64, 35% in 3 years

• Declining African American population at 43.9%, down from 51% in 2010

• Vacancy of housing is at 4.15%, down from 9.63%

• Total population has increased 7,821 to 9,207

• Age 25+ with <12th grade education is at 1,203/20.07%

• Low-birth weight 15/11.28%

• Jobs with low wages 2,188/15.63%

• African Americans in poverty 2,440/30%

• LatinX in poverty 707/30%

Given the data, the committee has described the financial education current context as, “North East Park Hill is experiencing a systemic economic crisis that requires an urgent human-centered response by and for the community.” We are looking forward to finalizing the Root Causes at our next meeting and moving into a review of evidence-based strategies that will eliminate them.

Please join us on Wednesday, March 4th, at 9:30 AM at Park Hill Collective Impact. If you would like to support our action, please contact Daniel Archuleta at Daniel@ParkHillCI.org or 720-580-0198.