August 29, 2016 In 10 years, Mississippis population under the age - PowerPoint PPT Presentation

CDFI Banks in the Southeast: Embracing Opportunities and Addressing Challenges August 29, 2016

In 10 years, Mississippi’s population under the age of 19 will be significantly Minority 2000 2025 75-79 75-79 65-69 65-69 55-59 55-59 45-49 45-49 35-39 35-39 25-29 25-29 15-19 15-19 5-9 5-9 0 50,000 100,000 150,000 0 50,000 100,000 150,000 Nonwhite White Nonwhite White Source: Mississippi Institutions of Higher Learning Creating opportunity where it is needed most. Arkansas Louisiana Mississippi Tennessee

Nearly half of Mississippi’s African American Children Live in Poverty 47% 50% 38% 40% 32% 30% 26% 20% 15% 13% 10% 0% White Hispanic African American Mississippi United States Source: Population Reference Bureau, analysis of data from the U.S. Census Bureau, Census 2014 American Community Survey Creating opportunity where it is needed most. Arkansas Louisiana Mississippi Tennessee

Louisiana Population Projections Nonwhite child population projected to grow faster than white child Child Poverty Rates Highest Among population Children of Color 1,400,000 60% 48% 1,200,000 50% 1,000,000 40% 32% 800,000 30% 600,000 20% 400,000 13% 200,000 10% 0 0% 2015 2020 2025 2030 White Hispanic African White Nonwhite American Sources: State of Louisiana Population Projections; Population Reference Bureau, analysis of data from the U.S. Census Bureau, Census 2014 American Community Survey Creating opportunity where it is needed most. Arkansas Louisiana Mississippi Tennessee

Major disparities exist in access to a high quality education in Mississippi School District Ratings School District Ratings <50% African American >50% African American 1% 1% 1% 6% 17% 26% A B 47% C D 44% F 55% Source: Mississippi Department of Education; HOPE estimates Creating opportunity where it is needed most. Arkansas Louisiana Mississippi Tennessee

Unemployment Rates for Mississippi’s African Americans remain high 20.00% 15.00% 10.00% 5.00% 0.00% 2007 2008 2009 2010 2011 2012 2013 2014 U.S. White U.S. African-American MS White MS African-American Source: Economic Policy Institute analysis of Current Population Survey Data Creating opportunity where it is needed most. Arkansas Louisiana Mississippi Tennessee

Unbanked Households by Race and Geography 45% 42% 40% 40% 37% 35% 29% 30% 27% 25% 21% 20% 20% 18% 15% 10% 7% 6% 6% 4% 5% 0% AR MS LA US White African American Hispanic Source: 2013 FDIC National Survey of Unbanked and Underbanked Households Creating opportunity where it is needed most. Arkansas Louisiana Mississippi Tennessee

Mid South Prime Lending to White and African American Borrowers has been on Decline Number of Prime Mortgages 175,000 153,902 150,000 132,240 125,000 90,985 100,000 75,000 50,000 15,380 15,976 25,000 12,225 - 2012 2013 2014 African American White Source: PolicyMap Analysis of HMDA Prime Loans 2012-2014 Creating opportunity where it is needed most. Arkansas Louisiana Mississippi Tennessee

Total Small Business Lending in Mid South States has contracted since Great Recession $5,000,000 Thousands $4,482,056 $4,500,000 $4,000,000 $3,500,000 $2,926,286 $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $- 2007 2014 Source: FFIEC 2007; 2014 Creating opportunity where it is needed most. Arkansas Louisiana Mississippi Tennessee

Contact Ed Sivak HOPE (601) 944-4174 ed.sivak@hope-ec.org www.hope-ec.org www.hopecu.org Creating opportunity where it is needed most. Arkansas Louisiana Mississippi Tennessee