2024-06-18 PL-INT-2024-007988 HACBED Category PL.3

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establishing new resource partnerships to affect innovative approaches to investing in culture- and values-based development of Hawai`i's low-income communities. This work included: • Ho`owaiwai Network (the Statewide Hawai`i Asset Building Network) —HACBED provided support to the Hawai i Asset Building Network that is comprised of a range of diverse community-based partners and works to advance asset development policy and practice initiatives including State Earned Income Tax Credits,Tax Credits for Individual Development Accounts, a Volunteer Tax Assistance Program, and efforts to address predatory financial services. • State Asset Policy Task Force—HACBED provided management and leadership support to the State Asset Policy Task Force that was established by the State legislature to initially focus on universal children's savings accounts, financial education, and eliminating asset limits. • Famiy Individual Self-Su�ciency Program—HACBED coordinated a statewide network of volunteer income tax assistance (VITA) sites and trained volunteers to provide free tax assistance to low income working individuals and families. This program facilitated over$4 million in federal refunds including$1.8 million in Earned Income Tax Credits and $286,721 in Child Tax Credits between 2007 and 2016. • Publications—In collaboration with 3Point Consulting and other partners, HACBED developed the publication Ho`owaiwai. . .Asset-Building Policy for Hawai`i that identifies six goals for a Hawai`i asset building policy agenda—make work pay, teach asset-building, break down barriers to asset-building, help people save, help people start and own businesses, and help people buy homes. In addition, One Step Forward, Two Steps Back—Policy Incentives &Deterrents in the Lives of Low Income Families was also produced. HACBED's most recent publication,Asset Policy Roadmap:A Strategy for Advancing Financial Security Opportunity in Hawai`i was developed in partnership with the Prosperity Now (formerly the Corporation for Enterprise Development or CFED). • County of Hawai`i's Department of Research &Development—HACBED developed an asset policy roadmap for the County of Hawai`i. • State Asset Leaders Learning Circle—HACBED represented the Hawai`i Asset Building Network in the 9 state Learning Circle that included California, Hawai`i,Washington, Pennsylvania, Delaware, Texas, Illinois, Connecticut, and Michigan. • Prosperity Now Scorecard Partner—HACBED served as a member of the Prosperity Now Community Steering Committee and continues to contribute to the annual scorecard. HACBED was also selected as one of eleven 2009-2010 Assets &Opportunity Established Asset Policy Coalition partners from across the nation to work with CFED on its national Assets & Opportunity Campaign. • National Community Reinvestment Coalition (NCRC)—HACBED serves as a board member for NCRC,which works with its grassroots member organizations to create opportunities for people to build wealth. NCRC works with community leaders, policymakers and financial institutions to champion fairness in banking, housing and business development. 12