At the less depressed and threatening Dudley Square, I elbowed into the jammed-to-sweating announcement this afternoon. Boston Mayor Marty Walsh opened the first of three outposts of his Office of Financial Empowerment. (Click the link to catch key details and the players.)
The big idea is that many of what our Sen. Elizabeth Warren would say are living on the ragged edge of the middle class (her fave expression and an apt one here) don’t have to be. They can learn smarter ways to manage money, particularly with:
- financial education and coaching
- credit counseling and “repair” of credit score
- workforce development, education and training
- job search support services
- tax prep and earned-income tax credit guidance
Most of the funding for the effort comes from the United Way and LISC (Local Initiatives Support Corporation). Boston isn’t the first to get one of these. Locally Lynn, Lawrence and Chelsea already have the the program should open a total of 10 here. Cities in other states have theirs working.
What caught my attention most though was Walsh’s comments about growing our static burg. We’ve hovered around 600,000 for several decades, recently edging up to maybe 636.000. Note that 60 years ago, the population was above 800,000.
Walsh would like to see the actual city above 700.000. He said today that a big factor there would be providing more and more affordable housing. That would be 50,000 to 60.000 units to support the growth.
It’s no coincidence that a couple of candidates whom Walsh defeated in his mayoral run proposed similar goals and figures. The fascinating part of today’s gathering was that he has not backed away from the goal.
I’ll try to get him to come on Left Ahead again to detail his plans.