“My biggest concern is just the process DCPS will use to communicate to schools that they now have access to this [$14 million] funding and can indeed use it to stabilize staff,” Qubilah Huddleston, an education policy analyst at DCFPI, told The 74.
McDuffie contends the District government-sponsored trust funds could solve the District’s growing racial wealth gap. In which white families have 81 times the wealth of black families according to the DC Fiscal Policy institute.
The money is a relief for many communities, but questions remain, said Qubilah Huddleston, a policy analyst for the the think tank D.C. Fiscal Policy Institute.
Washington, D.C.’s wealthiest residents pay a lower share of their earnings in D.C. taxes than its middle-income residents, a recent report published by the D.C. Fiscal Policy Institute found.
The Housing Production Trust Fund, the District’s largest fund for creating affordable housing, is expected to receive $263 million as a result of a budget surplus.
Eliana Golding, a housing policy analyst at the DC Fiscal Policy Institute, said she would be hesitant to draw conclusions about IZ’s effects on the overall market without knowing the specifics.
DC Fiscal Policy Institute (DCFPI) has appointed Erica Williams as its new executive director. She starts in the leadership role on April 6.
In the District, nearly a third of Black children were living in a household where they were not eating enough because they couldn’t afford food, according to an analysis of federal surveys by the DC Fiscal Policy Institute.
According to the DC Fiscal Policy Institute, most Black-owned businesses in the U.S. — and many in wards 7 and 8 — are sole proprietorships, meaning they’re run by one person. That makes it harder to track statistics like foot traffic and revenue.
Tarza Mitchell, the policy director at DCFPI, said the District “has one of the largest Black-to-white wealth and income gaps in the nation and the median racial wealth gap actually grows with higher education levels.”