First National Bank Makes First Ever Grant to Neighborhood AlliesLeave a Comment
Financial Opportunity Centers
In 2015, we launched three FOCs at local employment/social service agencies throughout Pittsburgh. Since then, our local network of FOCs have provided bundled services to over 1000 individuals. 719 people have obtained employment and 380 have increased their net income. In 2017 our goals are:
- The FOCs will serve over 1,200 people and will provide bundled services to 800;
- 400 people will gain employment;
- 6-month retention rates will average 60%;
- 360 people will increase their net income;
- 30 people will improve their credit scores; and
- 50 people will increase their net worth.
Asset Building Network
The Pittsburgh Asset Building Network meets quarterly and works to advance shared priorities to build financial security of low-income residents. Early ideas include access to banking services, support for entrepreneurs, children’s savings accounts, and employment that covers basic needs and encourages savings.
Neighborhood Allies is one of 92 network leaders in the national Assets & Opportunity Network; these leaders convene over 5,000 people around the country in local networks. Our network participants include city and county government, philanthropy, financial institutions and direct service providers.