Policy Recommendations from the Field

1
Policy Recommendations from the Field

• Defining The Field
• Represented by 25 organizations dedicated to
  providing reliable
• transportation to low-income families.
• This group spent two days in September discussing
  the issues
• that effect the field and how the
  organizations can be more
• effective.

2
Policy Recommendations from the Field
Reduce Barriers to Viable Low Income Car Ownership

• Modify the regulations of the current public
  assistance programs that limit or provide
  disincentives for LICO.
• Limit the use of credit scores in determining
  insurability for automobiles.
• Require car lenders to disclose their fees and
  interest charges over the life of the loan.
• Broaden and enforce usury laws.

3
Policy Recommendations from the Field
Offer Ownership Supports for Low Income Families
1. Individual tax credit for car purchase,
possibly on a sliding scale, from older to
newer, more fuel efficient cars. 2. Fuel stamps
to offset high gas costs. 3. Make car purchase an
eligible use for all public Individual
Development Account Match (IDA) funds in TANF,
AFIA and ORR programs. 4. Provide car
insurance support similar to flood insurance.
4
Policy Recommendations from the Field
Provide Other Incentives Which Support Low Income
Car Ownership
1. CRA credit for banks making Low Income car
loans 2. Loan guarantees for prime lender LI car
loans 3. Develop a CRA type model for car
insurance companies 4. LICO Tax Credits, modeled
after the Low Income Housing Tax Credits, that
non-profits could sell to buy down the capital
costs of acquiring newer, reliable economy cars
5
Policy Recommendations from the Field
Provide or Re-direct Funding to Support LICO
Programs across America
1. LICO Demonstration in Senate TANF and
Congresswoman Gwen Moores Car Act 2. Modify JARC
and WIA rules to strengthen LICO support
6
Policy Recommendations from the Field
Provide or Re-direct Funding to Support LICO
Programs across America
4. Identify a federal home for LICO programs 5.
LICO Tax Credit Program noted above 6. Support
for replication of successful LICO models