Turning Data Into Action

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Introducing “TROI” – Texas Regional Opportunity Index

Don Baylor, Jr.

Senior Policy Analyst, Economic Opportunity [email protected]

Houston, TX October 23, 2013

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Thank you to our Partners

“

You can achieve incredible progress if you set a clear goal and find a measure that will drive progress toward that goal.

” - Bill Gates

The value of good data

• Identify and understand problems • Bring stakeholders together around common goals • Track progress toward goals • Drive community practice and collective impact • Make the case for effective public policy

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What TROI is

• An assessment of how successfully individuals and families are navigating systems • A tool for benchmark and comparison • A comprehensive measure of economic opportunity and mobility • A feedback loop for community practice and public policy

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National Data Models

CFED Assets & Opportunity Scorecard Opportunity Index

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25 State, Federal, and Private Data Sources CPPP.

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Health

Pulling It Together

Nutrition Protect Savings & Assets Invest Learn K-12 Education Post-secondary Education & Skills Development Economic Opportunity Family Budgets Credit & Debt

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16 Indicators Never Released at County or Regional Level in Texas, including…

• Credit Card Debt Burden • Payday and Auto Title Lender Density • Student Debt Burden • Subprime Credit Score Rate • Long-Term Unemployment Rate • Three-year Student Loan Cohort Default Rate • FAFSA Completion Rate

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Designed for Texas

• • • • Uses state policy environment as backdrop Baselines and tracks impact of community and regional initiatives Consolidates data housed in multiple state agencies Provides accessible and actionable indicators

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Potential Users

• Non-profit providers • Philanthropy • Policymakers • K-12 and Postsecondary Ed. stakeholders • City, county, and regional governments • Business • Intermediaries or “Backbone Organizations”

TROI Local Opportunity Assessments

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www.CPPP.org/TROI

Spotlight on Harris County

TROI: Savings & Assets

Financial Institution Density (per 10,000 people) New Prepaid College Savers (per 1,000 eligible kids) Total Prepaid College Savers (per 1,000 eligible kids) VITA Tax-Time Savings Rate Subprime Mortgage Rate Foreclosure Rate Harris 3.1

0.4

3.7

0.9% 8.4% 2.0%

Dallas 3.3

0.4

3.2

0.9% 7.6% 2.1% Travis 3.4

1.3

10.8

2.6% 5.6% 1.1% Bexar 2.7

0.4

3.2

2.3% 7.8% 1.5%

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0.5

3.9

1.5% 9.1% 1.7%

Savings & Assets: Community Best Practices

• • • • • Implement a local savings campaign and innovate VITA/tax-time savings platforms, incentives, and accounts Connect K-8 financial education curriculum with children’s savings accounts Invest in high-quality homeownership and foreclosure prevention counseling Connect “Bank On” and other financial inclusion initiatives to emergency savings accounts Implement “auto-save” platforms with participating employers

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Savings & Assets: Public Policy

• • • • • Reform or remove liquid asset limits for SNAP and TANF Dedicate funding for the Texas Save & Match to close the College Savings Gap Increase participation by licensed financial institutions in the Texas Financial Education Endowment Implement a Texas IDA program to leverage federal dollars Increase funding for the Housing Trust Fund

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All Students

Education Service Center IV (Houston) The “Leaky Pipeline”

100% 64,354 Begin in 8 th Grade

Fall 2000

27,363 100% 58.7% 37,756 Enrolled in TX Higher Ed

Fall 2005

19.9% 12,803 Receive TX Higher Ed Credential

Fall 2011

10,721 39.2% 2,179 8.0% Economically Disadvantaged Students

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TROI: Postsecondary Education & Skills Development Harris

Travis Bexar Dallas TX

Public Two-Year College FT Student B.A. Attainment FT Student Completion FT Student Persistence PT Student Completion TWC Program Employment Retention Rate FAFSA Completion Rate Post-Secondary Enrollment 2-Year Institutions 4-Year Institutions Three-Yr Student Loan Cohort Default Rate CPPP.

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14.7% 31.0% 14.5% 20.7% 82.0% 38.4% 34.7% 26.1% 17.4%

21.6% 30.0% 16.7% 23.1% 85.2% 45.0% 27.1% 30.6% 12.9% 9.0% 20.8% 14.4% 13.5% 84.5% 47.3% 34.4% 24.0% 22.3% 15.3% 27.8% 13.4% 21.5% 82.2% 38.4% 33.5% 22.7% 20.2% 13.4% 29.3% 12.8% 23.5% 83.0% 41.4% 34.4% 25.4% 15.6%

TROI: FAFSA Completion Rates by District

District 2011-2012 Economically Disadvantaged Enrollment 2013 FAFSA Completion Rate Houston ISD 80.7% 48.5% Cypress-Fairbanks ISD Aldine ISD Katy ISD Pasadena ISD 48.6% 85.1% 31.3% 80.0% 44.3% 38.3% 45.7% 36.3% CPPP.

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Postsecondary & Skills Development: Community Best Practices

• Create new work-study opportunities to connect local businesses and industries with community college students in high-demand fields • Employ and expand effective integrated service delivery models to meet the financial and social needs of community college students • Invest in results-based adult education services and program to leverage state and federal dollars

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• • • •

Postsecondary & Skills Development: Public Policy

Expand access to affordable and high quality childcare for full- and part-time workers Invest in financial education for parents of young children in the K-12 system Build upon the Texas Success Initiative and develop specific strategies for adult students in new higher education master plan Invest in adequate levels of need-based grant aid to serve more economically disadvantaged students aspiring to attend college

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TROI Credit & Debt Indicators

• Average Credit Score • Bankruptcy Rate (per 10,000 residents) • Credit Card Debt Burden • Excellent Credit Score Rate (Above 740) • Payday & Auto Title Lender Density (per 100 residents) • Student Loan Debt Burden • Subprime Credit Score Rate (Below 660)

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TROI: Credit Scores

Municipality Houston Pasadena Baytown Spring Channelview Average Credit Score 667 657 657 701 643 Subprime Credit Score Rate (Below 660) 47.0% 52.0% 51.3% 32.0% 57.5%

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TROI: Houston-Area ZIP Codes with >15 Payday Lenders (CABs) ZIP Code 77015 77063 77055 77077 77081 77087 77099 77338 Municipality Houston Houston Houston Houston Houston Houston Houston Humble Number of Payday Lenders 28 19 18 16 17 16 15 18

• • • • • • •

TROI 2.0

Community best practices

to improve TROI measures Case studies of local communities using TROI as

shared measurement

tool

State policy solutions

to increase economic opportunity Historical data and

trends

Information on

relationships

between indicators

New

and

updated

measures

User

community

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